Sanmina Co. (NASDAQ:SANM) Stock Holdings Lessened by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in Sanmina Co. (NASDAQ:SANM) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,348 shares of the electronics maker’s stock after selling 600 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.06% of Sanmina worth $2,146,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Sanmina by 108.4% in 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 period. Northwestern Mutual Wealth Management Co. boosted its stake in Sanmina by 24.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker’s stock valued at $56,000 after buying an additional 164 shares in the last quarter. Innealta Capital LLC bought a new stake in Sanmina during the second quarter worth about $116,000. CWM LLC increased its holdings in Sanmina by 40.5% during the 3rd quarter. CWM LLC now owns 1,781 shares of the electronics maker’s stock valued at $122,000 after purchasing an additional 513 shares in the last quarter. Finally, KBC Group NV grew its holdings in Sanmina by 25.5% during the 3rd quarter. KBC Group NV now owns 1,811 shares of the electronics maker’s stock worth $124,000 after acquiring an additional 368 shares during the last quarter. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Sanmina Stock Down 0.8 %

SANM stock opened at $78.53 on Monday. The stock has a market capitalization of $4.23 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 1.34 and a beta of 0.91. The company has a current ratio of 1.99, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $73.36 and a 200-day moving average price of $70.13. Sanmina Co. has a 12 month low of $48.83 and a 12 month high of $86.05.

Sanmina (NASDAQ:SANM) last announced its quarterly 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 company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the business earned $1.20 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Sanmina Co. will post 4.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.