Dynamic Technology Lab Private Ltd Invests $2.22 Million in Sanmina Co. (NASDAQ:SANM)

Dynamic Technology Lab Private Ltd bought a new stake in Sanmina Co. (NASDAQ:SANM) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 32,492 shares of the electronics maker’s stock, valued at approximately $2,224,000.

A number of other hedge funds have also recently modified their holdings of SANM. Vanguard Group Inc. boosted its stake in Sanmina by 0.6% in the first quarter. Vanguard Group Inc. now owns 7,154,640 shares of the electronics maker’s stock valued at $444,876,000 after acquiring an additional 45,918 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in Sanmina by 2.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 50,429 shares of the electronics maker’s stock worth $3,133,000 after buying an additional 1,260 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Sanmina by 4.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,120 shares of the electronics maker’s stock worth $2,433,000 after buying an additional 1,845 shares during the last quarter. Paloma Partners Management Co acquired a new position in Sanmina during the first quarter worth approximately $251,000. Finally, Janus Henderson Group PLC lifted its stake in Sanmina by 64.8% in the first quarter. Janus Henderson Group PLC now owns 134,807 shares of the electronics maker’s stock valued at $8,381,000 after buying an additional 52,995 shares during the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SANM shares. Craig Hallum raised their target price 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. StockNews.com raised shares of Sanmina from a “hold” rating to a “buy” rating in a research report on Thursday.

Sanmina Stock Down 0.1 %

Sanmina stock opened at $79.41 on Monday. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.34 and a beta of 0.89. The company has a current ratio of 2.05, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $71.27 and a two-hundred day moving average of $69.21. Sanmina Co. has a twelve month low of $48.83 and a twelve month high of $86.05.

Sanmina (NASDAQ:SANM) last posted 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. The firm 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 quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $1.20 EPS. As a group, research analysts expect that Sanmina Co. will post 4.84 earnings per share for the current year.

Sanmina Company 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.