Sanmina Co. (NASDAQ:SANM) Stake Boosted by HBK Investments L P

HBK Investments L P grew its position in shares of Sanmina Co. (NASDAQ:SANM) by 439.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 120,800 shares of the electronics maker’s stock after purchasing an additional 98,400 shares during the period. HBK Investments L P owned about 0.17% of Sanmina worth $3,986,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. grew its holdings in shares of Sanmina by 47.6% during the 4th quarter. Donald Smith & CO. Inc. now owns 2,671,358 shares of the electronics maker’s stock worth $88,155,000 after acquiring an additional 861,239 shares during the period. Renaissance Technologies LLC lifted its position in Sanmina by 743.1% in the 4th quarter. Renaissance Technologies LLC now owns 412,533 shares of the electronics maker’s stock valued at $13,614,000 after acquiring an additional 363,600 shares in the last quarter. Deutsche Bank AG lifted its position in Sanmina by 82.3% in the 4th quarter. Deutsche Bank AG now owns 750,137 shares of the electronics maker’s stock valued at $24,751,000 after acquiring an additional 338,558 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Sanmina by 55.5% during the 3rd quarter. Royce & Associates LP now owns 781,567 shares of the electronics maker’s stock valued at $29,035,000 after buying an additional 278,944 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in shares of Sanmina by 1,401.1% during the 4th quarter. Schroder Investment Management Group now owns 246,658 shares of the electronics maker’s stock valued at $8,139,000 after buying an additional 230,226 shares during the period. 93.57% of the stock is owned by institutional investors.

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In related news, Director Joseph G. Licata, Jr. sold 18,444 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $27.49, for a total transaction of $507,025.56. Following the completion of the transaction, the director now owns 48,787 shares in the company, valued at approximately $1,341,154.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Wayne Shortridge sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $27.01, for a total transaction of $135,050.00. The disclosure for this sale can be found here. Insiders own 5.12% of the company’s stock.

SANM stock traded down $0.50 during trading on Friday, hitting $26.20. 444,606 shares of the company’s stock traded hands, compared to its average volume of 488,065. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.26. Sanmina Co. has a 1 year low of $24.60 and a 1 year high of $42.95. The firm has a market cap of $1,902.27, a price-to-earnings ratio of 10.81, a PEG ratio of 1.29 and a beta of 0.62.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, January 29th. The electronics maker reported $0.48 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.74 billion. Sanmina had a negative net margin of 0.88% and a positive return on equity of 11.61%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 earnings per share. analysts anticipate that Sanmina Co. will post 1.72 EPS for the current fiscal year.

A number of equities analysts recently commented on SANM shares. Royal Bank of Canada decreased their target price on Sanmina to $31.00 and set a “sector perform” rating on the stock in a report on Monday, January 22nd. Zacks Investment Research upgraded Sanmina from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. BidaskClub lowered Sanmina from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Craig Hallum upgraded Sanmina from a “hold” rating to a “buy” rating in a research report on Monday, December 18th. Finally, ValuEngine upgraded Sanmina from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $37.25.

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Sanmina Company Profile

Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides its offerings primarily to original equipment manufacturers (OEMs) in various industries, including communications networks, storage, industrial, defense and aerospace, medical and energy.

Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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