32,492 Shares in Sanmina Co. (NASDAQ:SANM) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new stake in shares of Sanmina Co. (NASDAQ:SANM - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 32,492 shares of the electronics maker's stock, valued at approximately $2,224,000. Dynamic Technology Lab Private Ltd owned 0.06% of Sanmina as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SANM. Northwestern Mutual Wealth Management Co. raised its stake in Sanmina by 24.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker's stock valued at $56,000 after purchasing an additional 164 shares during the last quarter. TFG Advisers LLC increased its holdings in Sanmina by 5.1% in the 3rd quarter. TFG Advisers LLC now owns 4,179 shares of the electronics maker's stock valued at $286,000 after buying an additional 203 shares during the period. SummerHaven Investment Management LLC grew its holdings in shares of Sanmina by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 11,881 shares of the electronics maker's stock worth $787,000 after purchasing an additional 224 shares during the last quarter. Atomi Financial Group Inc. grew its holdings in shares of Sanmina by 5.0% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,788 shares of the electronics maker's stock worth $328,000 after purchasing an additional 226 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Sanmina by 108.4% in the 2nd quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker's stock worth $33,000 after purchasing an additional 257 shares during the last quarter. Institutional investors and hedge funds own 92.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Craig Hallum upped their target price on shares of Sanmina from $62.00 to $69.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. StockNews.com raised shares of Sanmina from a "hold" rating to a "buy" rating in a report on Thursday.

Sanmina Trading Up 0.3 %

Shares of SANM stock traded up $0.23 on Monday, reaching $79.64. 125,094 shares of the stock were exchanged, compared to its average volume of 422,892. The stock has a market cap of $4.35 billion, a PE ratio of 20.31, a P/E/G ratio of 1.34 and a beta of 0.89. Sanmina Co. has a one year low of $48.83 and a one year high of $86.05. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.05 and a quick ratio of 1.32. The stock has a 50 day moving average price of $71.27 and a 200 day moving average price of $69.21.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.07. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. Sanmina's revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.20 earnings per share. Equities research analysts forecast that Sanmina Co. will post 4.84 EPS for the current fiscal 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.