Assenagon Asset Management S.A. Has $14.93 Million Stock Holdings in Sanmina Corporation (NASDAQ:SANM)

Assenagon Asset Management S.A. lessened its position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 26.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 196,022 shares of the electronics maker's stock after selling 68,807 shares during the period. Assenagon Asset Management S.A. owned about 0.36% of Sanmina worth $14,933,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Kendall Capital Management raised its position in shares of Sanmina by 2.0% during the 4th quarter. Kendall Capital Management now owns 6,205 shares of the electronics maker's stock worth $470,000 after purchasing an additional 120 shares during the period. Summit Investment Advisors Inc. raised its stake in shares of Sanmina by 2.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,620 shares of the electronics maker's stock worth $425,000 after buying an additional 121 shares in the last quarter. Mariner LLC boosted its position in shares of Sanmina by 3.5% during the 4th quarter. Mariner LLC now owns 4,510 shares of the electronics maker's stock valued at $341,000 after purchasing an additional 152 shares in the last quarter. Principal Securities Inc. boosted its holdings in Sanmina by 13.6% during the fourth quarter. Principal Securities Inc. now owns 1,388 shares of the electronics maker's stock worth $105,000 after buying an additional 166 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Sanmina by 1.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,429 shares of the electronics maker's stock worth $865,000 after acquiring an additional 204 shares during the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

Sanmina Stock Performance

Shares of Sanmina stock traded up $0.99 on Tuesday, reaching $88.96. The stock had a trading volume of 437,118 shares, compared to its average volume of 406,638. Sanmina Corporation has a fifty-two week low of $61.52 and a fifty-two week high of $91.12. The business's 50-day moving average price is $81.93 and its two-hundred day moving average price is $80.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.22 and a current ratio of 1.96. The stock has a market cap of $4.76 billion, a P/E ratio of 20.59, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The electronics maker reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.03. Sanmina had a return on equity of 10.84% and a net margin of 3.09%. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period in the previous year, the company earned $1.30 earnings per share. The company's quarterly revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts forecast that Sanmina Corporation will post 5.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Bank of America increased their price objective on Sanmina from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Monday, June 9th.

Sanmina 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.