Sanmina Co. (NASDAQ:SANM) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG boosted its stake in Sanmina Co. (NASDAQ:SANM - Free Report) by 57.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,373 shares of the electronics maker's stock after purchasing an additional 17,936 shares during the quarter. Deutsche Bank AG owned about 0.09% of Sanmina worth $3,736,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SANM. Norges Bank purchased a new stake in Sanmina in the fourth quarter valued at approximately $48,823,000. Franklin Resources Inc. grew its holdings in Sanmina by 39.6% in the fourth quarter. Franklin Resources Inc. now owns 1,842,302 shares of the electronics maker's stock valued at $139,407,000 after purchasing an additional 522,534 shares during the period. Alyeska Investment Group L.P. purchased a new stake in Sanmina in the fourth quarter valued at approximately $34,868,000. FMR LLC grew its holdings in Sanmina by 14.2% in the fourth quarter. FMR LLC now owns 1,959,025 shares of the electronics maker's stock valued at $148,239,000 after purchasing an additional 243,258 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Sanmina by 32.4% in the fourth quarter. JPMorgan Chase & Co. now owns 675,191 shares of the electronics maker's stock valued at $51,092,000 after purchasing an additional 165,285 shares during the period. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Sanmina Trading Down 0.3%

SANM traded down $0.25 during trading on Friday, hitting $84.20. 412,782 shares of the company's stock were exchanged, compared to its average volume of 397,302. The company has a current ratio of 2.06, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. Sanmina Co. has a 1 year low of $61.52 and a 1 year high of $91.12. The stock has a 50 day moving average price of $78.11 and a 200 day moving average price of $79.73. The firm has a market cap of $4.50 billion, a P/E ratio of 20.59, a price-to-earnings-growth ratio of 1.29 and a beta of 1.10.

Sanmina (NASDAQ:SANM - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The electronics maker reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.03. Sanmina had a net margin of 2.99% and a return on equity of 10.61%. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the firm earned $1.30 earnings per share. Sanmina's revenue for the quarter was up 8.1% on a year-over-year basis. As a group, analysts expect that Sanmina Co. will post 5.15 EPS for the current fiscal year.

Sanmina declared that its board has approved a share repurchase program on Monday, January 27th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the electronics maker to repurchase up to 7.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

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

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.