State of New Jersey Common Pension Fund D Has $1.84 Million Stock Holdings in Sanmina Co. (NASDAQ:SANM)

State of New Jersey Common Pension Fund D reduced its holdings in Sanmina Co. (NASDAQ:SANM) by 38.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 27,821 shares of the electronics maker’s stock after selling 17,477 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Sanmina were worth $1,843,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SANM. GAMMA Investing LLC boosted its position 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 acquiring an additional 257 shares during the last quarter. Innealta Capital LLC acquired a new stake in Sanmina during the second quarter worth approximately $116,000. Quest Partners LLC bought a new stake in Sanmina in the fourth quarter worth approximately $126,000. TFO Wealth Partners LLC increased its holdings in Sanmina by 70,240.0% in the fourth quarter. TFO Wealth Partners LLC now owns 3,517 shares of the electronics maker’s stock worth $181,000 after purchasing an additional 3,512 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Sanmina by 70.1% in the second quarter. Blue Trust Inc. now owns 3,126 shares of the electronics maker’s stock valued at $194,000 after buying an additional 1,288 shares during the period. Institutional investors own 92.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Sanmina from a “buy” rating to a “hold” rating in a research note on Friday, July 19th.

Sanmina Price Performance

Shares of NASDAQ:SANM opened at $68.83 on Tuesday. The stock’s 50 day moving average is $69.38 and its 200-day moving average is $65.93. Sanmina Co. has a twelve month low of $43.40 and a twelve month high of $76.84. The company has a quick ratio of 1.27, a current ratio of 2.03 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 1.84 and a beta of 0.90.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, July 29th. The electronics maker reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Sanmina had a net margin of 2.93% and a return on equity of 10.79%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business posted $1.37 earnings per share. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. Sell-side analysts forecast that Sanmina Co. will post 4.24 EPS for the current fiscal year.

Insider Activity at Sanmina

In other news, Director Krish A. Prabhu sold 4,803 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $67.39, for a total value of $323,674.17. Following the completion of the sale, the director now owns 19,166 shares in the company, valued at approximately $1,291,596.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Alan Mcwilliams Reid sold 8,500 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $68.85, for a total transaction of $585,225.00. Following the completion of the sale, the executive vice president now directly owns 26,679 shares of the company’s stock, valued at approximately $1,836,849.15. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Krish A. Prabhu sold 4,803 shares of Sanmina stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $67.39, for a total value of $323,674.17. Following the sale, the director now owns 19,166 shares in the company, valued at $1,291,596.74. The disclosure for this sale can be found here. Insiders have sold a total of 104,320 shares of company stock valued at $7,294,883 over the last 90 days. Insiders own 3.09% of the company’s stock.

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.