UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Holdings in Sanmina Co. (NASDAQ:SANM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Sanmina Co. (NASDAQ:SANM) by 11.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,227 shares of the electronics maker’s stock after selling 12,682 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.17% of Sanmina worth $6,450,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in Sanmina by 71.7% during the second quarter. SG Americas Securities LLC now owns 11,161 shares of the electronics maker’s stock valued at $739,000 after purchasing an additional 4,660 shares during the last quarter. Diversified Trust Co grew its position in shares of Sanmina by 11.2% in the 2nd quarter. Diversified Trust Co now owns 18,774 shares of the electronics maker’s stock worth $1,244,000 after buying an additional 1,898 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Sanmina by 8.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,571 shares of the electronics maker’s stock worth $237,000 after purchasing an additional 287 shares in the last quarter. Blue Trust Inc. boosted its stake in Sanmina by 70.1% in the 2nd quarter. Blue Trust Inc. now owns 3,126 shares of the electronics maker’s stock worth $194,000 after purchasing an additional 1,288 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its stake in Sanmina by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 11,881 shares of the electronics maker’s stock valued at $787,000 after acquiring an additional 224 shares during the period. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Sanmina Stock Down 0.6 %

Shares of SANM opened at $79.34 on Wednesday. The company has a market cap of $4.28 billion, a PE ratio of 20.29, a P/E/G ratio of 1.32 and a beta of 0.91. The business has a fifty day moving average of $73.59 and a 200 day moving average of $70.22. Sanmina Co. has a 52-week low of $48.83 and a 52-week high of $86.05. The company has a quick ratio of 1.25, a current ratio of 1.99 and a debt-to-equity ratio of 0.13.

Sanmina (NASDAQ:SANM) last released its earnings results 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 business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $1.20 earnings per share. On average, sell-side analysts expect that Sanmina Co. will post 4.84 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. 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. StockNews.com raised shares of Sanmina from a “hold” rating to a “buy” rating in a report on Thursday, November 21st.

Sanmina 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.