Sanmina Co. (NASDAQ:SANM) Shares Bought by GAMMA Investing LLC

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

Several other institutional investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Sanmina in the fourth quarter valued at approximately $90,000. Principal Securities Inc. grew its position in shares of Sanmina by 13.6% in the 4th quarter. Principal Securities Inc. now owns 1,388 shares of the electronics maker's stock valued at $105,000 after buying an additional 166 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Sanmina by 283.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,428 shares of the electronics maker's stock valued at $108,000 after buying an additional 1,056 shares during the last quarter. Sterling Capital Management LLC raised its stake in Sanmina by 843.2% during the 4th quarter. Sterling Capital Management LLC now owns 1,726 shares of the electronics maker's stock worth $131,000 after acquiring an additional 1,543 shares in the last quarter. Finally, First Bank & Trust purchased a new stake in Sanmina in the fourth quarter valued at $208,000. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Stock Performance

SANM traded up $1.13 during trading on Friday, hitting $87.16. 244,319 shares of the stock were exchanged, compared to its average volume of 406,386. The company has a quick ratio of 1.30, a current ratio of 2.06 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 fifty day moving average price of $79.71 and a two-hundred day moving average price of $80.14. The firm has a market capitalization of $4.66 billion, a P/E ratio of 21.31, a PEG ratio of 1.29 and a beta of 1.14.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its earnings results on Monday, April 28th. The electronics maker reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.03. The business had revenue of $1.98 billion for 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 company's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.30 EPS. As a group, sell-side analysts predict that Sanmina Co. will post 5.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th.

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.