Massachusetts Financial Services Co. MA Has $720,000 Stock Holdings in Sanmina Co. (NASDAQ:SANM)

Massachusetts Financial Services Co. MA cut its holdings in Sanmina Co. (NASDAQ:SANMFree Report) by 3.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,269 shares of the electronics maker’s stock after selling 509 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Sanmina were worth $720,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. West Tower Group LLC acquired a new stake in shares of Sanmina in the second quarter valued at $51,000. Farther Finance Advisors LLC increased its stake in shares of Sanmina by 1,922.0% in the second quarter. Farther Finance Advisors LLC now owns 1,011 shares of the electronics maker’s stock valued at $61,000 after buying an additional 961 shares in the last quarter. Covestor Ltd increased its stake in shares of Sanmina by 85.8% in the first quarter. Covestor Ltd now owns 2,473 shares of the electronics maker’s stock valued at $100,000 after buying an additional 1,142 shares in the last quarter. Ronald Blue Trust Inc. increased its stake in shares of Sanmina by 154.4% in the third quarter. Ronald Blue Trust Inc. now owns 2,020 shares of the electronics maker’s stock valued at $110,000 after buying an additional 1,226 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Sanmina in the second quarter valued at $196,000. 90.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SANM has been the subject of a number of research reports. StockNews.com lowered Sanmina from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Bank of America reiterated an “underperform” rating and issued a $45.00 price objective on shares of Sanmina in a research report on Friday, December 15th.

Read Our Latest Research Report on Sanmina

Sanmina Price Performance

Shares of SANM stock opened at $61.89 on Tuesday. The stock has a 50-day moving average price of $52.82 and a 200 day moving average price of $52.77. The company has a quick ratio of 1.23, a current ratio of 1.99 and a debt-to-equity ratio of 0.14. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 0.90 and a beta of 1.04. Sanmina Co. has a 12 month low of $43.40 and a 12 month high of $69.69.

Sanmina (NASDAQ:SANMGet Free Report) last announced its quarterly earnings data on Monday, January 29th. The electronics maker reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.08. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.87 billion. Sanmina had a return on equity of 13.16% and a net margin of 3.25%. The company’s revenue was down 20.4% on a year-over-year basis. During the same period last year, the company earned $1.49 earnings per share. Research analysts expect that Sanmina Co. will post 5 EPS for the current year.

Sanmina Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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