Mackenzie Financial Corp Sells 1,089 Shares of Sanmina Co. (NASDAQ:SANM)

Mackenzie Financial Corp cut its holdings in Sanmina Co. (NASDAQ:SANM) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,206 shares of the electronics maker’s stock after selling 1,089 shares during the period. Mackenzie Financial Corp’s holdings in Sanmina were worth $422,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SANM. Blue Trust Inc. lifted its position in Sanmina by 21.2% during the 4th quarter. Blue Trust Inc. now owns 2,448 shares of the electronics maker’s stock worth $133,000 after acquiring an additional 428 shares during the last quarter. CI Investments Inc. lifted its position in Sanmina by 3,686.4% during the 3rd quarter. CI Investments Inc. now owns 3,067 shares of the electronics maker’s stock worth $166,000 after acquiring an additional 2,986 shares during the last quarter. GW Henssler & Associates Ltd. acquired a new position in Sanmina during the 3rd quarter worth $203,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Sanmina during the 3rd quarter worth $232,000. Finally, Headlands Technologies LLC lifted its position in Sanmina by 31.7% during the 3rd quarter. Headlands Technologies LLC now owns 4,294 shares of the electronics maker’s stock worth $233,000 after acquiring an additional 1,034 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Susan A. Johnson sold 1,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $60.64, for a total transaction of $60,640.00. Following the completion of the transaction, the director now owns 7,811 shares of the company’s stock, valued at $473,659.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.09% of the stock is owned by company insiders.

Sanmina Stock Up 0.4 %

Shares of SANM opened at $62.97 on Friday. The company has a 50-day simple moving average of $61.22 and a 200-day simple moving average of $55.30. The firm has a market capitalization of $3.58 billion, a P/E ratio of 13.60, a P/E/G ratio of 0.97 and a beta of 1.04. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.23 and a current ratio of 1.99. Sanmina Co. has a 52 week low of $43.40 and a 52 week high of $69.69.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, January 29th. The electronics maker reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.08. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.87 billion. Sanmina had a net margin of 3.25% and a return on equity of 13.16%. The firm’s revenue for the quarter was down 20.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.49 earnings per share. On average, equities research analysts expect that Sanmina Co. will post 4.7 earnings per share for the current year.

Analyst Ratings Changes

Separately, Fox Advisors initiated coverage on shares of Sanmina in a research report on Wednesday, March 6th. They set an “overweight” rating and a $80.00 target price for the company.

About Sanmina

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.