Man Group plc Acquires Shares of 12,278 Sanmina Co. (NASDAQ:SANM)

Man Group plc bought a new position in shares of Sanmina Co. (NASDAQ:SANM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,278 shares of the electronics maker's stock, valued at approximately $929,000.

Other large investors have also recently bought and sold shares of the company. Kendall Capital Management boosted its holdings in shares of Sanmina by 2.0% in the 4th quarter. Kendall Capital Management now owns 6,205 shares of the electronics maker's stock valued at $470,000 after buying an additional 120 shares during the last quarter. Summit Investment Advisors Inc. increased its position in Sanmina by 2.2% during 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 during the period. Nisa Investment Advisors LLC increased its position in Sanmina by 6.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,200 shares of the electronics maker's stock worth $166,000 after buying an additional 125 shares during the period. Park Avenue Securities LLC increased its position in Sanmina by 3.3% during the 4th quarter. Park Avenue Securities LLC now owns 4,008 shares of the electronics maker's stock worth $303,000 after buying an additional 129 shares during the period. Finally, Mariner LLC increased its position in Sanmina by 3.5% during the 4th quarter. Mariner LLC now owns 4,510 shares of the electronics maker's stock worth $341,000 after buying an additional 152 shares during the period. Institutional investors and hedge funds own 92.71% of the company's stock.

Sanmina Trading Down 1.2%

Shares of Sanmina stock traded down $1.02 during midday trading on Thursday, reaching $83.60. The company had a trading volume of 113,689 shares, compared to its average volume of 398,492. The stock has a fifty day moving average price of $78.52 and a 200 day moving average price of $79.77. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.06 and a quick ratio of 1.30. The firm has a market cap of $4.47 billion, a PE ratio of 20.44, a P/E/G ratio of 1.29 and a beta of 1.10. Sanmina Co. has a fifty-two week low of $61.52 and a fifty-two week high of $91.12.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The electronics maker reported $1.41 earnings per share (EPS) 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 firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period in the previous year, the firm earned $1.30 earnings per share. The company's revenue was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Sanmina Co. will post 5.15 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on SANM shares. Wall Street Zen raised Sanmina from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Bank of America raised Sanmina from an "underperform" rating to a "neutral" rating and lifted their price target for the company 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.