Vise Technologies Inc. Makes New Investment in Sanmina Co. (NASDAQ:SANM)

Vise Technologies Inc. purchased a new position in Sanmina Co. (NASDAQ:SANM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,065 shares of the electronics maker's stock, valued at approximately $232,000.

A number of other large investors also recently bought and sold shares of SANM. R Squared Ltd purchased a new stake in shares of Sanmina in the fourth quarter valued at approximately $58,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Sanmina in the 4th quarter valued at $90,000. Principal Securities Inc. increased its holdings in Sanmina by 13.6% in the 4th quarter. Principal Securities Inc. now owns 1,388 shares of the electronics maker's stock worth $105,000 after acquiring an additional 166 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Sanmina by 283.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,428 shares of the electronics maker's stock worth $108,000 after acquiring an additional 1,056 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in 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 in the last quarter. Institutional investors and hedge funds own 92.71% of the company's stock.

Sanmina Price Performance

Shares of NASDAQ SANM traded up $1.29 during midday trading on Monday, hitting $85.98. The stock had a trading volume of 625,868 shares, compared to its average volume of 402,698. 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 stock has a 50 day simple moving average of $78.85 and a 200-day simple moving average of $79.88. The company has a market capitalization of $4.60 billion, a PE ratio of 21.02, a P/E/G 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.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The electronics maker reported $1.41 earnings per share 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 for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the firm posted $1.30 EPS. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. On average, sell-side analysts expect that Sanmina Co. will post 5.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of 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.