Duality Advisers LP grew its position in Sanmina Co. (NASDAQ:SANM - Free Report) by 721.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,116 shares of the electronics maker's stock after acquiring an additional 31,717 shares during the quarter. Duality Advisers LP owned 0.06% of Sanmina worth $1,855,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. lifted its position in shares of Sanmina by 21.2% in the 4th quarter. Blue Trust Inc. now owns 2,448 shares of the electronics maker's stock worth $133,000 after acquiring an additional 428 shares during the period. CI Investments Inc. lifted its position in shares of Sanmina by 3,686.4% in the 3rd quarter. CI Investments Inc. now owns 3,067 shares of the electronics maker's stock worth $166,000 after acquiring an additional 2,986 shares during the period. GW Henssler & Associates Ltd. bought a new stake in shares of Sanmina in the 3rd quarter worth approximately $203,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Sanmina in the 3rd quarter worth approximately $232,000. Finally, Headlands Technologies LLC lifted its position in shares of Sanmina by 31.7% in the 3rd quarter. Headlands Technologies LLC now owns 4,294 shares of the electronics maker's stock worth $233,000 after acquiring an additional 1,034 shares during the period. Institutional investors own 92.71% of the company's stock.
Wall Street Analyst Weigh In
Separately, Fox Advisors started coverage on Sanmina in a research report on Wednesday, March 6th. They set an "overweight" rating and a $80.00 target price for the company.
Check Out Our Latest Research Report on SANM
Insider Buying and Selling at Sanmina
In other Sanmina news, Director Susan A. Johnson sold 1,000 shares of Sanmina stock in a transaction on Friday, February 16th. The stock was sold at an average price of $60.64, for a total value of $60,640.00. Following the completion of the transaction, the director now owns 7,811 shares in the company, valued at approximately $473,659.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.09% of the company's stock.
Sanmina Price Performance
Shares of Sanmina stock traded up $2.23 during midday trading on Tuesday, hitting $60.97. 424,359 shares of the company were exchanged, compared to its average volume of 498,481. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.99 and a quick ratio of 1.23. The firm has a market cap of $3.46 billion, a P/E ratio of 13.17, a PEG ratio of 0.91 and a beta of 1.04. Sanmina Co. has a 52 week low of $43.40 and a 52 week high of $69.69. The firm has a 50 day simple moving average of $61.10 and a 200-day simple moving average of $55.14.
Sanmina (NASDAQ:SANM - Get Free Report) last posted its earnings results on Monday, January 29th. The electronics maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.22 by $0.08. Sanmina had a return on equity of 13.16% and a net margin of 3.25%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the company earned $1.49 EPS. Sanmina's revenue was down 20.4% on a year-over-year basis. Research analysts forecast that Sanmina Co. will post 4.7 earnings per share for the current year.
Sanmina Company Profile
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Free Report)
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.
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