Deutsche Bank AG Purchases 17,936 Shares of Sanmina Co. (NASDAQ:SANM)

Deutsche Bank AG boosted its holdings in Sanmina Co. (NASDAQ:SANM - Free Report) by 57.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,373 shares of the electronics maker's stock after acquiring an additional 17,936 shares during the quarter. Deutsche Bank AG owned 0.09% of Sanmina worth $3,736,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SANM. Barclays PLC boosted its holdings 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. JPMorgan Chase & Co. boosted its holdings in shares of Sanmina by 32.4% in the 4th quarter. JPMorgan Chase & Co. now owns 675,191 shares of the electronics maker's stock worth $51,092,000 after purchasing an additional 165,285 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Sanmina by 6.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,200 shares of the electronics maker's stock worth $166,000 after purchasing an additional 125 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Sanmina in the 4th quarter worth about $2,644,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Sanmina by 9.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 106,247 shares of the electronics maker's stock worth $8,018,000 after purchasing an additional 8,962 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors.

Sanmina Trading Down 0.3%

SANM stock traded down $0.25 during trading on Monday, hitting $84.20. 412,782 shares of the company traded hands, compared to its average volume of 397,739. The firm has a market capitalization of $4.50 billion, a PE ratio of 20.59, a P/E/G ratio of 1.29 and a beta of 1.10. Sanmina Co. has a 1 year low of $61.52 and a 1 year high of $91.12. The company has a 50-day moving average of $78.23 and a 200-day moving average of $79.68. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 2.06.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its earnings results on Monday, April 28th. The electronics maker reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.03. Sanmina had a return on equity of 10.61% and a net margin of 2.99%. The company had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.97 billion. During the same period in the prior year, the business posted $1.30 EPS. Sanmina's quarterly revenue was up 8.1% compared to the same quarter last year. Analysts predict that Sanmina Co. will post 5.15 earnings per share for the current fiscal year.

Sanmina announced that its board has authorized a stock repurchase program on Monday, January 27th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the electronics maker to reacquire up to 7.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Bank of America upgraded Sanmina from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $58.00 to $92.00 in a report on Wednesday, January 29th. Wall Street Zen upgraded Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday.

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.