Martingale Asset Management L P Purchases 5,671 Shares of Sanmina Co. (NASDAQ:SANM)

Martingale Asset Management L P lifted its position in shares of Sanmina Co. (NASDAQ:SANM) by 10.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,384 shares of the electronics maker’s stock after purchasing an additional 5,671 shares during the period. Martingale Asset Management L P owned 0.11% of Sanmina worth $4,065,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Isthmus Partners LLC bought a new position in shares of Sanmina during the third quarter worth approximately $351,000. Hantz Financial Services Inc. increased its stake in Sanmina by 24.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 24,686 shares of the electronics maker’s stock worth $1,690,000 after acquiring an additional 4,919 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Sanmina by 4.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,341 shares of the electronics maker’s stock worth $845,000 after acquiring an additional 541 shares during the period. Freedom Investment Management Inc. increased its stake in Sanmina by 10.6% during the 3rd quarter. Freedom Investment Management Inc. now owns 6,926 shares of the electronics maker’s stock worth $474,000 after acquiring an additional 662 shares during the period. Finally, FMR LLC increased its stake in Sanmina by 5.0% during the 3rd quarter. FMR LLC now owns 1,715,767 shares of the electronics maker’s stock worth $117,444,000 after acquiring an additional 82,409 shares during the period. Institutional investors own 92.71% of the company’s stock.

Wall Street Analyst Weigh In

SANM has been the topic of a number of recent research reports. StockNews.com upgraded Sanmina from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Craig Hallum raised their price objective on Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th.

Sanmina Trading Up 0.9 %

Shares of SANM stock opened at $79.41 on Friday. The stock’s fifty day moving average price is $72.29 and its two-hundred day moving average price is $69.63. The company has a market cap of $4.34 billion, a PE ratio of 20.31, a P/E/G ratio of 1.32 and a beta of 0.89. Sanmina Co. has a fifty-two week low of $48.83 and a fifty-two week high of $86.05. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 2.05.

Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.96 billion. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 EPS. Equities analysts predict that Sanmina Co. will post 4.84 EPS for the current fiscal year.

About Sanmina

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.