Public Sector Pension Investment Board Sells 6,100 Shares of Sanmina Co. (NASDAQ:SANM)

Public Sector Pension Investment Board reduced its holdings in shares of Sanmina Co. (NASDAQ:SANM) by 5.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,896 shares of the electronics maker’s stock after selling 6,100 shares during the period. Public Sector Pension Investment Board’s holdings in Sanmina were worth $7,933,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. FMR LLC grew its position in Sanmina by 5.0% during the third quarter. FMR LLC now owns 1,715,767 shares of the electronics maker’s stock valued at $117,444,000 after acquiring an additional 82,409 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in Sanmina by 8.0% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,168,289 shares of the electronics maker’s stock valued at $77,399,000 after acquiring an additional 86,492 shares during the last quarter. Global Alpha Capital Management Ltd. grew its position in Sanmina by 19.4% during the third quarter. Global Alpha Capital Management Ltd. now owns 922,391 shares of the electronics maker’s stock valued at $63,138,000 after acquiring an additional 149,600 shares during the last quarter. American Century Companies Inc. grew its position in Sanmina by 14.0% during the second quarter. American Century Companies Inc. now owns 875,132 shares of the electronics maker’s stock valued at $57,977,000 after acquiring an additional 107,474 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Sanmina by 11.5% during the second quarter. Bank of New York Mellon Corp now owns 578,458 shares of the electronics maker’s stock valued at $38,323,000 after acquiring an additional 59,849 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SANM. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. 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 report on Tuesday, November 5th.

Sanmina Stock Up 0.9 %

Shares of Sanmina stock opened at $79.41 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 2.05. Sanmina Co. has a 52-week low of $48.83 and a 52-week high of $86.05. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 1.32 and a beta of 0.89. The company’s 50 day moving average price is $72.29 and its 200-day moving average price is $69.63.

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