12,278 Shares in Sanmina Co. (NASDAQ:SANM) Bought by Man Group plc

Man Group plc acquired a new position in Sanmina Co. (NASDAQ:SANM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,278 shares of the electronics maker's stock, valued at approximately $929,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kendall Capital Management grew its holdings in Sanmina by 2.0% during 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 in the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Sanmina by 2.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,620 shares of the electronics maker's stock valued at $425,000 after purchasing an additional 121 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Sanmina by 6.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,200 shares of the electronics maker's stock valued at $166,000 after purchasing an additional 125 shares in the last quarter. Park Avenue Securities LLC lifted its position in Sanmina by 3.3% in the fourth 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 last quarter. Finally, Mariner LLC grew its stake in Sanmina by 3.5% in the fourth quarter. Mariner LLC now owns 4,510 shares of the electronics maker's stock valued at $341,000 after purchasing an additional 152 shares during the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Price Performance

Shares of SANM stock traded down $2.19 during trading hours on Wednesday, hitting $84.42. 296,309 shares of the company's stock were exchanged, compared to its average volume of 398,334. 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 firm has a market cap of $4.51 billion, a P/E ratio of 20.70, a P/E/G ratio of 1.29 and a beta of 1.10. The firm has a 50 day moving average of $78.40 and a two-hundred day moving average of $79.73. 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 posted its quarterly earnings data on Monday, April 28th. The electronics maker reported $1.41 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 during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the company earned $1.30 EPS. The firm's revenue was up 8.1% compared to the same quarter last year. Sell-side analysts forecast that Sanmina Co. will post 5.15 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on SANM. Wall Street Zen raised Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday. 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 research report 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.