Public Sector Pension Investment Board Reduces Position in Sanmina Co. (NASDAQ:SANM)

Public Sector Pension Investment Board cut its holdings in shares of Sanmina Co. (NASDAQ:SANM) by 5.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,896 shares of the electronics maker’s stock after selling 6,100 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.21% of Sanmina worth $7,933,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SANM. Price T Rowe Associates Inc. MD lifted its holdings in Sanmina by 4.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 39,120 shares of the electronics maker’s stock valued at $2,433,000 after purchasing an additional 1,845 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Sanmina by 64.8% during the first quarter. Janus Henderson Group PLC now owns 134,807 shares of the electronics maker’s stock valued at $8,381,000 after purchasing an additional 52,995 shares during the last quarter. Atria Investments Inc purchased a new stake in Sanmina during the first quarter valued at about $1,005,000. GAMMA Investing LLC lifted its holdings in Sanmina by 108.4% during the second quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 257 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Sanmina by 71.7% in the second quarter. SG Americas Securities LLC now owns 11,161 shares of the electronics maker’s stock worth $739,000 after buying an additional 4,660 shares in the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Trading Up 0.9 %

Shares of Sanmina stock opened at $79.41 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $72.29 and its 200-day moving average price is $69.63. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.32 and a beta of 0.89. Sanmina Co. has a 12-month low of $48.83 and a 12-month high of $86.05.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Sanmina from a “hold” rating to a “buy” rating in a report on Thursday, November 21st. Craig Hallum increased their price target on shares of Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th.

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.