Profund Advisors LLC lowered its stake in Sanmina Co. (NASDAQ:SANM) by 15.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,070 shares of the electronics maker’s stock after selling 2,056 shares during the quarter. Profund Advisors LLC’s holdings in Sanmina were worth $365,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. US Bancorp DE grew its stake in shares of Sanmina by 67.8% in the fourth quarter. US Bancorp DE now owns 5,747 shares of the electronics maker’s stock valued at $190,000 after buying an additional 2,322 shares in the last quarter. ETRADE Capital Management LLC acquired a new stake in shares of Sanmina in the third quarter valued at about $228,000. Unison Advisors LLC acquired a new stake in shares of Sanmina in the fourth quarter valued at about $216,000. Connable Office Inc. grew its stake in Sanmina by 33.6% during the 4th quarter. Connable Office Inc. now owns 9,318 shares of the electronics maker’s stock valued at $307,000 after purchasing an additional 2,344 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Sanmina during the 3rd quarter valued at approximately $369,000. Institutional investors and hedge funds own 93.57% of the company’s stock.
Shares of Sanmina Co. (NASDAQ:SANM) opened at $26.80 on Friday. Sanmina Co. has a 12 month low of $24.60 and a 12 month high of $42.95. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $1,973.52, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 1.34 and a beta of 0.63.
Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, January 29th. The electronics maker reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. Sanmina had a positive return on equity of 11.61% and a negative net margin of 0.88%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the firm earned $0.75 EPS. Sanmina’s quarterly revenue was up 1.5% on a year-over-year basis. equities research analysts forecast that Sanmina Co. will post 1.72 earnings per share for the current year.
In other Sanmina news, Director Wayne Shortridge sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $27.01, for a total transaction of $135,050.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph G. Licata, Jr. sold 18,444 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $27.49, for a total value of $507,025.56. Following the transaction, the director now directly owns 48,787 shares in the company, valued at approximately $1,341,154.63. The disclosure for this sale can be found here. Company insiders own 5.12% of the company’s stock.
A number of equities research analysts have weighed in on the company. ValuEngine lowered Sanmina from a “buy” rating to a “hold” rating in a research note on Friday. Needham & Company LLC lowered their price objective on Sanmina to $33.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Zacks Investment Research lowered Sanmina from a “hold” rating to a “strong sell” rating in a research note on Friday, February 2nd. BidaskClub lowered Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Finally, Craig Hallum restated a “buy” rating and set a $37.00 price objective (down previously from $44.00) on shares of Sanmina in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Sanmina presently has a consensus rating of “Hold” and a consensus target price of $37.25.
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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.
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