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

Dynamic Technology Lab Private Ltd bought a new stake in Sanmina Co. (NASDAQ:SANM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 about 0.06% of Sanmina at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SANM. Citigroup Inc. lifted its holdings in shares of Sanmina by 64.6% in the 3rd quarter. Citigroup Inc. now owns 73,938 shares of the electronics maker’s stock worth $5,061,000 after acquiring an additional 29,028 shares during the last quarter. Intech Investment Management LLC lifted its stake in Sanmina by 34.3% during the third quarter. Intech Investment Management LLC now owns 26,405 shares of the electronics maker’s stock worth $1,807,000 after purchasing an additional 6,739 shares in the last quarter. Global Alpha Capital Management Ltd. boosted its position in shares of Sanmina by 19.4% during the third quarter. Global Alpha Capital Management Ltd. now owns 922,391 shares of the electronics maker’s stock worth $63,138,000 after buying an additional 149,600 shares during the period. Phocas Financial Corp. purchased a new position in shares of Sanmina during the third quarter worth $5,340,000. Finally, Royce & Associates LP grew its stake in shares of Sanmina by 36.7% in the third quarter. Royce & Associates LP now owns 402,098 shares of the electronics maker’s stock valued at $27,524,000 after buying an additional 107,906 shares in the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Sanmina Stock Down 0.1 %

Shares of NASDAQ SANM opened at $79.41 on Monday. The stock has a market cap of $4.34 billion, a P/E ratio of 20.31, a PEG ratio of 1.34 and a beta of 0.89. The business’s fifty day simple moving average is $71.27 and its 200-day simple moving average is $69.21. Sanmina Co. has a 12-month low of $48.83 and a 12-month high of $86.05. The company has a current ratio of 2.05, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.96 billion. During the same quarter last year, the company earned $1.20 EPS. Sanmina’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities analysts predict that Sanmina Co. will post 4.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. StockNews.com raised Sanmina from a “hold” rating to a “buy” rating in a research note on Thursday. Craig Hallum increased their price target on shares of Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a research report 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.