Ellington Management Group LLC purchased a new position in shares of Sanmina Co. (NASDAQ:SANM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 13,900 shares of the electronics maker’s stock, valued at approximately $459,000.
Other institutional investors have also bought and sold shares of the company. Donald Smith & CO. Inc. grew its position in shares of Sanmina by 47.6% in the 4th quarter. Donald Smith & CO. Inc. now owns 2,671,358 shares of the electronics maker’s stock valued at $88,155,000 after buying an additional 861,239 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Sanmina by 743.1% in the 4th quarter. Renaissance Technologies LLC now owns 412,533 shares of the electronics maker’s stock valued at $13,614,000 after buying an additional 363,600 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Sanmina by 82.3% during the 4th quarter. Deutsche Bank AG now owns 750,137 shares of the electronics maker’s stock valued at $24,751,000 after purchasing an additional 338,558 shares in the last quarter. Royce & Associates LP boosted its position in shares of Sanmina by 55.5% during the 3rd quarter. Royce & Associates LP now owns 781,567 shares of the electronics maker’s stock valued at $29,035,000 after purchasing an additional 278,944 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Sanmina by 1,401.1% during the 4th quarter. Schroder Investment Management Group now owns 246,658 shares of the electronics maker’s stock valued at $8,139,000 after purchasing an additional 230,226 shares in the last quarter. 93.57% of the stock is owned by institutional investors.
SANM has been the topic of several research analyst reports. Royal Bank of Canada cut their target price on Sanmina to $31.00 and set a “sector perform” rating on the stock in a research report on Monday, January 22nd. BidaskClub lowered Sanmina from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research upgraded Sanmina from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Craig Hallum upgraded Sanmina from a “hold” rating to a “buy” rating in a report on Monday, December 18th. Finally, ValuEngine upgraded Sanmina from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $37.25.
In other news, Director Wayne Shortridge sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $27.01, for a total value of $135,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph G. Licata, Jr. sold 18,444 shares of Sanmina stock in a transaction on Monday, February 26th. The shares were sold at an average price of $27.49, for a total value of $507,025.56. Following the sale, the director now directly owns 48,787 shares of the company’s stock, valued at approximately $1,341,154.63. The disclosure for this sale can be found here. 5.12% of the stock is owned by company insiders.
Shares of Sanmina stock traded down $0.55 on Thursday, hitting $27.15. The company had a trading volume of 193,804 shares, compared to its average volume of 945,117. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1,973.52, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 1.34 and a beta of 0.63. Sanmina Co. has a one year low of $24.60 and a one year high of $42.95.
Sanmina (NASDAQ:SANM) last released its earnings results on Monday, January 29th. The electronics maker reported $0.48 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.48. Sanmina had a positive return on equity of 11.61% and a negative net margin of 0.88%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the business posted $0.75 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. sell-side analysts anticipate that Sanmina Co. will post 1.72 EPS for the current year.
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Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides its offerings primarily to original equipment manufacturers (OEMs) in various industries, including communications networks, storage, industrial, defense and aerospace, medical and energy.
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