Strs Ohio Sells 2,500 Shares of Sanmina Co. (NASDAQ:SANM)

Strs Ohio lowered its stake in Sanmina Co. (NASDAQ:SANMGet Rating) by 9.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,500 shares of the electronics maker’s stock after selling 2,500 shares during the quarter. Strs Ohio’s holdings in Sanmina were worth $1,128,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its position in shares of Sanmina by 122.4% during the 2nd quarter. Fifth Third Bancorp now owns 636 shares of the electronics maker’s stock valued at $26,000 after acquiring an additional 350 shares during the last quarter. Ronald Blue Trust Inc. bought a new stake in shares of Sanmina in the 2nd quarter worth approximately $31,000. EverSource Wealth Advisors LLC grew its position in shares of Sanmina by 243.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,430 shares of the electronics maker’s stock worth $99,000 after buying an additional 1,722 shares during the last quarter. Covestor Ltd boosted its position in shares of Sanmina by 85.8% during the first quarter. Covestor Ltd now owns 2,473 shares of the electronics maker’s stock valued at $100,000 after purchasing an additional 1,142 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Sanmina during the second quarter valued at approximately $117,000. Institutional investors own 91.22% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on SANM. Citigroup boosted their target price on Sanmina to $65.00 in a report on Tuesday, November 15th. Craig Hallum upped their price objective on Sanmina to $76.00 in a research report on Tuesday, November 15th. Sidoti upgraded Sanmina from a “neutral” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Tuesday, November 8th. Finally, StockNews.com upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Thursday.

Sanmina Trading Up 2.6 %

Shares of NASDAQ SANM opened at $60.95 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.91 and a current ratio of 1.60. The business’s 50 day moving average price is $62.06 and its 200-day moving average price is $52.95. Sanmina Co. has a fifty-two week low of $35.36 and a fifty-two week high of $69.28. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 0.97 and a beta of 1.08.

Sanmina (NASDAQ:SANMGet Rating) last released its quarterly earnings data on Monday, November 7th. The electronics maker reported $1.32 EPS for the quarter, topping the consensus estimate of $1.18 by $0.14. The company had revenue of $2.20 billion for the quarter. Sanmina had a return on equity of 15.02% and a net margin of 3.25%. On average, sell-side analysts expect that Sanmina Co. will post 5.07 earnings per share for the current year.

Insider Transactions at Sanmina

In other Sanmina news, Director John Goldsberry sold 8,262 shares of Sanmina stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $68.58, for a total transaction of $566,607.96. Following the completion of the transaction, the director now owns 14,062 shares in the company, valued at approximately $964,371.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director John Goldsberry sold 8,262 shares of Sanmina stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $68.58, for a total value of $566,607.96. Following the sale, the director now directly owns 14,062 shares in the company, valued at approximately $964,371.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Alan Mcwilliams Reid sold 3,270 shares of Sanmina stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $65.00, for a total value of $212,550.00. Following the completion of the sale, the executive vice president now owns 30,730 shares in the company, valued at $1,997,450. The disclosure for this sale can be found here. Insiders own 3.38% of the company’s stock.

About Sanmina

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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.

See Also

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Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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