Great Lakes Advisors LLC Has $4.13 Million Stock Holdings in Sanmina Co. (NASDAQ:SANM)

Great Lakes Advisors LLC lowered its holdings in Sanmina Co. (NASDAQ:SANMFree Report) by 30.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 80,471 shares of the electronics maker’s stock after selling 34,956 shares during the quarter. Great Lakes Advisors LLC owned 0.14% of Sanmina worth $4,134,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC increased its holdings in Sanmina by 29.5% in the 4th quarter. First Eagle Investment Management LLC now owns 242,074 shares of the electronics maker’s stock valued at $12,435,000 after buying an additional 55,215 shares during the period. Nicola Wealth Management LTD. raised its stake in shares of Sanmina by 38.4% in the fourth quarter. Nicola Wealth Management LTD. now owns 54,100 shares of the electronics maker’s stock worth $2,779,000 after acquiring an additional 15,000 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Sanmina by 2.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,411 shares of the electronics maker’s stock worth $464,000 after purchasing an additional 197 shares in the last quarter. Jump Financial LLC grew its stake in shares of Sanmina by 69.3% during the fourth quarter. Jump Financial LLC now owns 33,700 shares of the electronics maker’s stock valued at $1,731,000 after purchasing an additional 13,800 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Sanmina by 75.9% in the fourth quarter. BNP Paribas Financial Markets now owns 88,207 shares of the electronics maker’s stock valued at $4,531,000 after purchasing an additional 38,047 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Analyst Upgrades and Downgrades

SANM has been the topic of several recent research reports. Craig Hallum restated a “hold” rating and issued a $62.00 price target on shares of Sanmina in a research report on Tuesday, April 30th. Fox Advisors initiated coverage on shares of Sanmina in a report on Wednesday, March 6th. They set an “overweight” rating and a $80.00 price objective for the company.

Read Our Latest Stock Analysis on SANM

Sanmina Stock Performance

NASDAQ SANM opened at $66.99 on Monday. Sanmina Co. has a 52-week low of $43.40 and a 52-week high of $69.69. The stock has a market cap of $3.74 billion, a PE ratio of 15.84, a P/E/G ratio of 1.02 and a beta of 1.01. The firm has a 50-day moving average of $61.60 and a 200-day moving average of $56.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.25 and a current ratio of 2.00.

Sanmina (NASDAQ:SANMGet Free Report) last released its quarterly earnings results on Monday, April 29th. The electronics maker reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.21. Sanmina had a return on equity of 11.98% and a net margin of 3.11%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the company posted $1.37 EPS. The firm’s quarterly revenue was down 20.9% on a year-over-year basis. On average, sell-side analysts anticipate that Sanmina Co. will post 4.86 EPS for the current year.

Insider Buying and Selling

In other news, Director Eugene A. Delaney sold 7,181 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $64.91, for a total transaction of $466,118.71. Following the completion of the transaction, the director now owns 100,887 shares of the company’s stock, valued at approximately $6,548,575.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Alan Mcwilliams Reid sold 3,528 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $65.43, for a total value of $230,837.04. Following the completion of the transaction, the executive vice president now owns 37,651 shares in the company, valued at approximately $2,463,504.93. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Eugene A. Delaney sold 7,181 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $64.91, for a total transaction of $466,118.71. Following the completion of the transaction, the director now owns 100,887 shares of the company’s stock, valued at $6,548,575.17. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,103 shares of company stock worth $720,600. Corporate insiders own 3.09% of the company’s stock.

About Sanmina

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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