Assenagon Asset Management S.A. Grows Stock Holdings in Sanmina Co. (NASDAQ:SANM)

Assenagon Asset Management S.A. lifted its position in Sanmina Co. (NASDAQ:SANM) by 88.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 264,829 shares of the electronics maker’s stock after buying an additional 124,190 shares during the period. Assenagon Asset Management S.A.’s holdings in Sanmina were worth $20,040,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Citigroup Inc. boosted its stake in Sanmina by 64.6% in the third quarter. Citigroup Inc. now owns 73,938 shares of the electronics maker’s stock valued at $5,061,000 after acquiring an additional 29,028 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Sanmina by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,515,128 shares of the electronics maker’s stock valued at $103,727,000 after purchasing an additional 35,622 shares during the last quarter. Barclays PLC boosted its position in shares of Sanmina by 296.3% in the 3rd quarter. Barclays PLC now owns 92,863 shares of the electronics maker’s stock worth $6,358,000 after purchasing an additional 69,431 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Sanmina during the 3rd quarter worth $2,224,000. Finally, JPMorgan Chase & Co. increased its position in Sanmina by 255.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 509,906 shares of the electronics maker’s stock valued at $34,903,000 after buying an additional 366,653 shares in the last quarter. Institutional investors own 92.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SANM. StockNews.com upgraded Sanmina from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Craig Hallum boosted their target price on shares of Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th.

Sanmina Price Performance

NASDAQ SANM opened at $82.97 on Friday. The stock’s fifty day moving average price is $78.65 and its 200 day moving average price is $72.51. Sanmina Co. has a 1 year low of $49.54 and a 1 year high of $86.05. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.99 and a quick ratio of 1.25. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.30 and a beta of 0.91.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.07. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the business posted $1.20 earnings per share. As a group, equities research analysts forecast that Sanmina Co. will post 4.84 earnings per share for the current year.

Sanmina Company Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.