Victory Capital Management Inc. Cuts Stake in Sanmina Co. (NASDAQ:SANM)

Victory Capital Management Inc. lessened its stake in Sanmina Co. (NASDAQ:SANM) by 4.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 514,594 shares of the electronics maker’s stock after selling 21,912 shares during the quarter. Victory Capital Management Inc. owned approximately 0.91% of Sanmina worth $26,435,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SANM. Blue Trust Inc. lifted its stake in Sanmina by 21.2% in the 4th quarter. Blue Trust Inc. now owns 2,448 shares of the electronics maker’s stock worth $133,000 after purchasing an additional 428 shares in the last quarter. CI Investments Inc. boosted its stake in Sanmina by 3,686.4% during the third quarter. CI Investments Inc. now owns 3,067 shares of the electronics maker’s stock valued at $166,000 after buying an additional 2,986 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Sanmina during the 3rd quarter valued at approximately $232,000. Headlands Technologies LLC increased its stake in Sanmina by 31.7% in 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. Finally, Duality Advisers LP purchased a new stake in shares of Sanmina during the 3rd quarter worth approximately $239,000. Institutional investors own 92.71% of the company’s stock.

Sanmina Price Performance

Shares of Sanmina stock opened at $64.15 on Wednesday. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 0.94 and a beta of 1.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.25 and a current ratio of 2.00. The stock has a 50 day moving average price of $61.46 and a 200-day moving average price of $55.81. Sanmina Co. has a one year low of $43.40 and a one year high of $69.69.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, April 29th. The electronics maker reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.21. Sanmina had a return on equity of 11.98% and a net margin of 3.11%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the company earned $1.37 EPS. Sanmina’s quarterly revenue was down 20.9% compared to the same quarter last year. Equities analysts expect that Sanmina Co. will post 4.86 EPS for the current year.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Craig Hallum reissued a “hold” rating and issued a $62.00 target price on shares of Sanmina in a report on Tuesday, April 30th. Fox Advisors assumed coverage on shares of Sanmina in a research note on Wednesday, March 6th. They issued an “overweight” rating and a $80.00 price objective for the company.

Sanmina Company 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.