Sanmina Co. (NASDAQ:SANM) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 88.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 264,829 shares of the electronics maker's stock after buying an additional 124,190 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.49% of Sanmina worth $20,040,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Sanmina by 24.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker's stock valued at $56,000 after acquiring an additional 164 shares during the last quarter. TFG Advisers LLC boosted its stake in Sanmina by 5.1% in the third quarter. TFG Advisers LLC now owns 4,179 shares of the electronics maker's stock valued at $286,000 after acquiring an additional 203 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in shares of Sanmina by 5.0% during the third 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. Farther Finance Advisors LLC increased its position in shares of Sanmina by 16.3% during the third quarter. Farther Finance Advisors LLC now owns 2,129 shares of the electronics maker's stock worth $146,000 after purchasing an additional 299 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in shares of Sanmina by 3.7% in the 3rd quarter. Ritholtz Wealth Management now owns 9,150 shares of the electronics maker's stock valued at $626,000 after purchasing an additional 323 shares during 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 $0.41 during midday trading on Friday, hitting $82.97. The company had a trading volume of 198,384 shares, compared to its average volume of 312,162. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 1.30 and a beta of 0.91. Sanmina Co. has a twelve month low of $49.54 and a twelve month high of $86.05. The business has a 50-day simple moving average of $78.65 and a two-hundred day simple moving average of $72.51. The company has a quick ratio of 1.25, a current ratio of 1.99 and a debt-to-equity ratio of 0.13.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SANM. StockNews.com raised shares of Sanmina from a "hold" rating to a "buy" rating in a report on Thursday, November 21st. Craig Hallum lifted their price objective on shares of Sanmina from $62.00 to $69.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th.

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.