Pacifica Partners Inc. Reduces Position in Sanmina Co. (NASDAQ:SANM)

Pacifica Partners Inc. trimmed its holdings in shares of Sanmina Co. (NASDAQ:SANM) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,816 shares of the electronics maker’s stock after selling 315 shares during the quarter. Pacifica Partners Inc.’s holdings in Sanmina were worth $1,356,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of SANM. UniSuper Management Pty Ltd bought a new stake in Sanmina in the first quarter valued at about $741,000. Allspring Global Investments Holdings LLC increased its holdings in Sanmina by 32.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 75,521 shares of the electronics maker’s stock valued at $4,696,000 after buying an additional 18,360 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Sanmina by 64.8% in the first quarter. Janus Henderson Group PLC now owns 134,807 shares of the electronics maker’s stock valued at $8,381,000 after buying an additional 52,995 shares during the last quarter. Global Alpha Capital Management Ltd. increased its holdings in Sanmina by 10.2% in 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 buying an additional 69,300 shares during the last quarter. Finally, Invenomic Capital Management LP bought a new stake in Sanmina in the fourth quarter valued at about $12,174,000. 92.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Sanmina from a “buy” rating to a “hold” rating in a report on Saturday.

Sanmina Stock Down 0.1 %

NASDAQ:SANM opened at $67.18 on Tuesday. The firm has a market capitalization of $3.67 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89. The stock has a 50 day moving average of $68.49 and a 200-day moving average of $66.29. Sanmina Co. has a 52 week low of $43.40 and a 52 week high of $76.84. The company has a current ratio of 2.03, a quick ratio of 1.27 and a debt-to-equity ratio of 0.13.

Sanmina (NASDAQ:SANM) last posted its 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 company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. Sanmina had a net margin of 2.93% and a return on equity of 10.79%. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period last year, the company posted $1.37 earnings per share. Analysts predict that Sanmina Co. will post 4.24 EPS for the current year.

Insider Transactions at Sanmina

In other news, CEO Jure Sola sold 82,328 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was 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 directly owns 1,198,594 shares in the company, valued at approximately $83,506,043.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Jure Sola sold 82,328 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was 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 directly owns 1,198,594 shares in the company, valued at approximately $83,506,043.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Alan Mcwilliams Reid sold 8,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $68.85, for a total value of $585,225.00. Following the transaction, the executive vice president now owns 26,679 shares of the company’s stock, valued at approximately $1,836,849.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,320 shares of company stock worth $7,294,883. Company insiders own 3.09% of the company’s stock.

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.