UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $8.64 Million Stock Holdings in Sanmina Co. (NASDAQ:SANM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Sanmina Co. (NASDAQ:SANM - Free Report) by 21.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 114,226 shares of the electronics maker's stock after purchasing an additional 19,999 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.21% of Sanmina worth $8,643,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SANM. R Squared Ltd acquired a new position in shares of Sanmina in the fourth quarter worth about $58,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Sanmina during the fourth quarter valued at $90,000. Principal Securities Inc. increased its stake in Sanmina by 13.6% during the fourth quarter. Principal Securities Inc. now owns 1,388 shares of the electronics maker's stock valued at $105,000 after purchasing an additional 166 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Sanmina by 283.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,428 shares of the electronics maker's stock valued at $108,000 after purchasing an additional 1,056 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of Sanmina by 843.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,726 shares of the electronics maker's stock valued at $131,000 after purchasing an additional 1,543 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company's stock.

Sanmina Stock Down 0.2%

Shares of SANM traded down $0.19 during mid-day trading on Wednesday, reaching $87.97. The company's stock had a trading volume of 433,096 shares, compared to its average volume of 404,851. The business has a fifty day moving average of $79.29 and a 200 day moving average of $79.99. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 1.29 and a beta of 1.10. Sanmina Co. has a 1 year low of $61.52 and a 1 year high of $91.12. 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 (NASDAQ:SANM - Get Free Report) last released its earnings results on Monday, April 28th. The electronics maker reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.03. Sanmina had a return on equity of 10.61% and a net margin of 2.99%. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the company earned $1.30 earnings per share. The company's revenue for the quarter was up 8.1% on a year-over-year basis. As a group, analysts forecast that Sanmina Co. will post 5.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Sanmina from a "buy" rating to a "strong-buy" rating in a research 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.