Headlands Technologies LLC Has $233,000 Stake in Sanmina Co. (NASDAQ:SANM)

Headlands Technologies LLC lifted its holdings in Sanmina Co. (NASDAQ:SANMFree Report) by 31.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,294 shares of the electronics maker’s stock after purchasing an additional 1,034 shares during the quarter. Headlands Technologies LLC’s holdings in Sanmina were worth $233,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mesirow Institutional Investment Management Inc. lifted its position in shares of Sanmina by 34.7% in the second quarter. Mesirow Institutional Investment Management Inc. now owns 184,720 shares of the electronics maker’s stock worth $11,133,000 after purchasing an additional 47,550 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Sanmina by 25.3% during the third quarter. Assenagon Asset Management S.A. now owns 486,781 shares of the electronics maker’s stock worth $26,422,000 after buying an additional 98,264 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Sanmina by 19.0% during the second quarter. State of New Jersey Common Pension Fund D now owns 45,170 shares of the electronics maker’s stock worth $2,722,000 after buying an additional 7,212 shares during the last quarter. Jump Financial LLC acquired a new position in Sanmina during the third quarter worth $1,080,000. Finally, Raymond James & Associates increased its holdings in Sanmina by 0.7% during the third quarter. Raymond James & Associates now owns 49,351 shares of the electronics maker’s stock worth $2,679,000 after buying an additional 345 shares during the last quarter. Institutional investors own 90.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SANM. StockNews.com downgraded shares of Sanmina from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Bank of America restated an “underperform” rating and set a $45.00 target price on shares of Sanmina in a report on Friday, December 15th.

Check Out Our Latest Report on SANM

Sanmina Price Performance

NASDAQ:SANM opened at $60.84 on Friday. Sanmina Co. has a one year low of $43.40 and a one year high of $69.69. The company has a market cap of $3.46 billion, a P/E ratio of 13.14, a P/E/G ratio of 0.90 and a beta of 1.04. The firm’s fifty day moving average price is $52.59 and its two-hundred day moving average price is $52.80. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.99 and a quick ratio of 1.23.

Sanmina (NASDAQ:SANMGet Free Report) last released its quarterly earnings data on Monday, January 29th. The electronics maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.22 by $0.08. Sanmina had a net margin of 3.25% and a return on equity of 13.16%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the company earned $1.49 earnings per share. The company’s quarterly revenue was down 20.4% on a year-over-year basis. Equities analysts expect that Sanmina Co. will post 5 earnings per share for the current year.

About Sanmina

(Free Report)

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.

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Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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