Hantz Financial Services Inc. Boosts Holdings in Sanmina Co. (NASDAQ:SANM)

Hantz Financial Services Inc. increased its position in Sanmina Co. (NASDAQ:SANM) by 23.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,437 shares of the electronics maker’s stock after purchasing an additional 5,751 shares during the quarter. Hantz Financial Services Inc.’s holdings in Sanmina were worth $2,303,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SANM. JPMorgan Chase & Co. increased its holdings in Sanmina by 255.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 509,906 shares of the electronics maker’s stock worth $34,903,000 after purchasing an additional 366,653 shares during the last quarter. Weiss Asset Management LP grew its position in shares of Sanmina by 590.7% during the third quarter. Weiss Asset Management LP now owns 381,158 shares of the electronics maker’s stock worth $26,090,000 after buying an additional 325,974 shares in the last quarter. Global Alpha Capital Management Ltd. increased its stake in shares of Sanmina by 19.4% in 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 last quarter. Assenagon Asset Management S.A. raised its holdings in Sanmina by 88.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 264,829 shares of the electronics maker’s stock valued at $20,040,000 after acquiring an additional 124,190 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in Sanmina by 36.7% during the 3rd quarter. Royce & Associates LP now owns 402,098 shares of the electronics maker’s stock valued at $27,524,000 after acquiring an additional 107,906 shares during the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Craig Hallum upped their target price on shares of Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Bank of America raised Sanmina from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $58.00 to $92.00 in a report on Wednesday. Finally, StockNews.com upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a report on Wednesday.

Sanmina Price Performance

Shares of NASDAQ:SANM opened at $84.21 on Friday. The company has a market cap of $4.54 billion, a PE ratio of 21.54, a P/E/G ratio of 1.41 and a beta of 0.91. Sanmina Co. has a fifty-two week low of $57.28 and a fifty-two week high of $86.05. The firm has a 50-day simple moving average of $79.29 and a 200 day simple moving average of $73.41. The company has a quick ratio of 1.25, a current ratio of 1.99 and a debt-to-equity ratio of 0.13.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 EPS. On average, sell-side analysts anticipate that Sanmina Co. will post 4.84 EPS for the current year.

Sanmina announced that its board has authorized a share buyback program on Monday, January 27th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the electronics maker to buy up to 7.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

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.