GAMMA Investing LLC Buys 129,747 Shares of Sanmina Co. (NASDAQ:SANM)

GAMMA Investing LLC boosted its holdings in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 10,112.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,030 shares of the electronics maker's stock after acquiring an additional 129,747 shares during the period. GAMMA Investing LLC owned 0.24% of Sanmina worth $9,982,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SANM. Janney Montgomery Scott LLC lifted its position in Sanmina by 3.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,501 shares of the electronics maker's stock valued at $416,000 after acquiring an additional 185 shares during the period. TFG Advisers LLC lifted its position in Sanmina by 4.8% during the 4th quarter. TFG Advisers LLC now owns 4,381 shares of the electronics maker's stock valued at $332,000 after acquiring an additional 202 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Sanmina by 9.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 106,247 shares of the electronics maker's stock valued at $8,018,000 after acquiring an additional 8,962 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Sanmina during the 4th quarter valued at about $820,000. Finally, Principal Securities Inc. lifted its position in Sanmina by 13.6% during the 4th quarter. Principal Securities Inc. now owns 1,388 shares of the electronics maker's stock valued at $105,000 after acquiring an additional 166 shares during the period. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Stock Down 0.6%

Sanmina stock traded down $0.49 during trading hours on Wednesday, hitting $87.78. The stock had a trading volume of 359,950 shares, compared to its average volume of 406,256. The company has a quick ratio of 1.30, a current ratio of 2.06 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $4.69 billion, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 1.29 and a beta of 1.14. Sanmina Co. has a 12-month low of $61.52 and a 12-month high of $91.12. The stock's 50-day moving average price is $80.71 and its 200-day moving average price is $80.32.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its earnings results 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. The business had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.97 billion. Sanmina had a net margin of 2.99% and a return on equity of 10.61%. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.30 earnings per share. Equities research analysts anticipate that Sanmina Co. will post 5.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SANM shares. Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Bank of America lifted their target price on shares of Sanmina from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Monday.

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.