Weiss Asset Management LP Boosts Position in Sanmina Co. (NASDAQ:SANM)

Weiss Asset Management LP grew its holdings in Sanmina Co. (NASDAQ:SANM - Free Report) by 590.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 381,158 shares of the electronics maker's stock after purchasing an additional 325,974 shares during the quarter. Weiss Asset Management LP owned about 0.70% of Sanmina worth $26,090,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its stake in Sanmina by 4.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 39,120 shares of the electronics maker's stock worth $2,433,000 after purchasing an additional 1,845 shares during the period. GAMMA Investing LLC lifted its holdings in Sanmina by 108.4% in the second quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker's stock valued at $33,000 after acquiring an additional 257 shares during the last quarter. SG Americas Securities LLC grew its position in Sanmina by 71.7% in the second quarter. SG Americas Securities LLC now owns 11,161 shares of the electronics maker's stock worth $739,000 after acquiring an additional 4,660 shares during the period. Diversified Trust Co increased its stake in Sanmina by 11.2% during the second quarter. Diversified Trust Co now owns 18,774 shares of the electronics maker's stock worth $1,244,000 after acquiring an additional 1,898 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Sanmina by 8.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,571 shares of the electronics maker's stock valued at $237,000 after purchasing an additional 287 shares during the period. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SANM shares. StockNews.com upgraded Sanmina from a "hold" rating to a "buy" rating in a report on Thursday, November 21st. Craig Hallum increased their target price on shares of Sanmina from $62.00 to $69.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th.

Sanmina Trading Down 0.8 %

SANM traded down $0.60 during mid-day trading on Friday, hitting $78.53. 89,079 shares of the stock were exchanged, compared to its average volume of 419,620. The firm's fifty day moving average is $73.17 and its two-hundred day moving average is $70.01. Sanmina Co. has a 1-year low of $48.83 and a 1-year high of $86.05. The company has a market cap of $4.24 billion, a PE ratio of 20.24, a PEG ratio of 1.35 and a beta of 0.91. The company has a current ratio of 1.99, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13.

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 analysts' consensus estimates of $1.36 by $0.07. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. The firm had revenue of $2.02 billion during the quarter, compared to analysts' expectations of $1.96 billion. During the same quarter in the previous year, the business posted $1.20 earnings per share. The business's quarterly revenue was down 1.6% compared to the same quarter last year. Equities analysts forecast that Sanmina Co. will post 4.84 earnings per share 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.