ProShare Advisors LLC Increases Holdings in Sanmina Co. (NASDAQ:SANM)

ProShare Advisors LLC grew its holdings in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 41.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,676 shares of the electronics maker's stock after purchasing an additional 4,860 shares during the quarter. ProShare Advisors LLC's holdings in Sanmina were worth $1,262,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. FMR LLC lifted its stake in shares of Sanmina by 14.2% during the 4th quarter. FMR LLC now owns 1,959,025 shares of the electronics maker's stock valued at $148,239,000 after buying an additional 243,258 shares in the last quarter. Franklin Resources Inc. raised its holdings in Sanmina by 39.6% during the 4th quarter. Franklin Resources Inc. now owns 1,842,302 shares of the electronics maker's stock valued at $139,407,000 after acquiring an additional 522,534 shares during the period. Geode Capital Management LLC lifted its position in shares of Sanmina by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,536,367 shares of the electronics maker's stock worth $116,277,000 after acquiring an additional 21,239 shares in the last quarter. Earnest Partners LLC boosted its holdings in shares of Sanmina by 1.8% in the fourth quarter. Earnest Partners LLC now owns 1,073,818 shares of the electronics maker's stock worth $81,256,000 after acquiring an additional 19,144 shares during the period. Finally, Frontier Capital Management Co. LLC grew its position in shares of Sanmina by 9.9% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,005,158 shares of the electronics maker's stock valued at $76,060,000 after purchasing an additional 90,627 shares in the last quarter. Hedge funds and other institutional investors own 92.71% of the company's stock.

Analyst Upgrades and Downgrades

SANM has been the topic of a number of recent research reports. Bank of America raised Sanmina from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $58.00 to $92.00 in a report on Wednesday, January 29th. Wall Street Zen raised Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday.

Sanmina Price Performance

NASDAQ SANM traded down $1.44 on Wednesday, hitting $85.18. The stock had a trading volume of 96,808 shares, compared to its average volume of 397,430. The firm has a 50-day moving average of $78.40 and a 200-day moving average of $79.73. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 2.06. Sanmina Co. has a 52-week low of $61.52 and a 52-week high of $91.12. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 1.29 and a beta of 1.10.

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

Sanmina 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.