Sanmina Co. (NASDAQ:SANM) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in Sanmina Co. (NASDAQ:SANM) by 62.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,241 shares of the electronics maker’s stock after selling 6,920 shares during the period. SG Americas Securities LLC’s holdings in Sanmina were worth $290,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Sanmina by 0.6% in the first quarter. Vanguard Group Inc. now owns 7,154,640 shares of the electronics maker’s stock valued at $444,876,000 after acquiring an additional 45,918 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake 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 purchasing an additional 86,492 shares during the last quarter. American Century Companies Inc. increased its stake 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 purchasing an additional 107,474 shares during the last quarter. Global Alpha Capital Management Ltd. increased its stake in Sanmina by 10.2% during the first quarter. Global Alpha Capital Management Ltd. now owns 747,191 shares of the electronics maker’s stock valued at $46,460,000 after purchasing an additional 69,300 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake 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 purchasing an additional 59,849 shares during the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research note on Sunday, October 13th.

Insider Transactions at Sanmina

In other news, CEO Jure Sola sold 82,328 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $69.67, for a total transaction of $5,735,791.76. Following the completion of the transaction, the chief executive officer now owns 1,198,594 shares in the company, valued at approximately $83,506,043.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Jure Sola sold 82,328 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $69.67, for a total value of $5,735,791.76. Following the completion of the sale, the chief executive officer now owns 1,198,594 shares of the company’s stock, valued at $83,506,043.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Eugene A. Delaney sold 8,688 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $74.83, for a total transaction of $650,123.04. Following the completion of the sale, the director now directly owns 92,199 shares of the company’s stock, valued at $6,899,251.17. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,320 shares of company stock worth $7,294,883. Insiders own 3.09% of the company’s stock.

Sanmina Stock Down 1.1 %

SANM stock opened at $67.44 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.03 and a quick ratio of 1.27. Sanmina Co. has a 1-year low of $43.40 and a 1-year high of $76.84. The firm has a fifty day moving average price of $67.92 and a two-hundred day moving average price of $66.72. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.54 and a beta of 0.89.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, July 29th. The electronics maker reported $1.25 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.03). The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. Sanmina had a return on equity of 10.79% and a net margin of 2.93%. The firm’s revenue was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.37 EPS. Research analysts predict that Sanmina Co. will post 4.24 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.