Duality Advisers LP Has $1.86 Million Position in Sanmina Co. (NASDAQ:SANM)

Duality Advisers LP grew its position in Sanmina Co. (NASDAQ:SANM) by 721.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 36,116 shares of the electronics maker’s stock after purchasing an additional 31,717 shares during the quarter. Duality Advisers LP’s holdings in Sanmina were worth $1,855,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Federated Hermes Inc. raised its position in shares of Sanmina by 4.1% in the 4th quarter. Federated Hermes Inc. now owns 9,246 shares of the electronics maker’s stock valued at $475,000 after buying an additional 366 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Sanmina by 9.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,202 shares of the electronics maker’s stock valued at $678,000 after purchasing an additional 1,165 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Sanmina during the 4th quarter valued at approximately $1,469,000. Blue Trust Inc. grew its holdings in shares of Sanmina by 21.2% during the 4th quarter. Blue Trust Inc. now owns 2,448 shares of the electronics maker’s stock valued at $133,000 after purchasing an additional 428 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Sanmina by 11.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 542,386 shares of the electronics maker’s stock valued at $27,862,000 after purchasing an additional 55,605 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Trading Up 1.6 %

Shares of Sanmina stock opened at $58.74 on Tuesday. The firm has a market capitalization of $3.34 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 0.91 and a beta of 1.04. The company has a current ratio of 1.99, a quick ratio of 1.23 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average is $61.06 and its 200 day moving average is $55.08. Sanmina Co. has a 1 year low of $43.40 and a 1 year high of $69.69.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, January 29th. The electronics maker reported $1.30 earnings per share (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 company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the firm posted $1.49 EPS. The firm’s revenue was down 20.4% on a year-over-year basis. Equities research analysts forecast that Sanmina Co. will post 4.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sanmina news, Director Susan A. Johnson sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $60.64, for a total transaction of $60,640.00. Following the sale, the director now directly owns 7,811 shares of the company’s stock, valued at approximately $473,659.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.09% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Fox Advisors initiated coverage on shares of Sanmina in a report on Wednesday, March 6th. They set an “overweight” rating and a $80.00 price target on the stock.

About Sanmina

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.