Sanmina Co. (NASDAQ:SANM) Shares Sold by UBS Group AG

UBS Group AG lowered its holdings in Sanmina Co. (NASDAQ:SANMFree Report) by 14.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,069 shares of the electronics maker’s stock after selling 20,325 shares during the period. UBS Group AG owned about 0.22% of Sanmina worth $6,373,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SANM. Swiss National Bank increased its position in shares of Sanmina by 0.6% in the third quarter. Swiss National Bank now owns 127,800 shares of the electronics maker’s stock worth $6,937,000 after acquiring an additional 800 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Sanmina by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 570,137 shares of the electronics maker’s stock worth $30,947,000 after acquiring an additional 13,491 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Sanmina by 3.9% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 8,765 shares of the electronics maker’s stock worth $476,000 after acquiring an additional 327 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its position in shares of Sanmina by 12.4% in the third quarter. Campbell & CO Investment Adviser LLC now owns 15,973 shares of the electronics maker’s stock worth $867,000 after acquiring an additional 1,768 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Sanmina in the third quarter worth approximately $1,357,000. 92.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sanmina

In other Sanmina news, EVP Alan Mcwilliams Reid sold 3,528 shares of Sanmina 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 sale, the executive vice president now directly owns 37,651 shares in the company, valued at $2,463,504.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Alan Mcwilliams Reid sold 3,528 shares of Sanmina 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 transaction, the executive vice president now owns 37,651 shares of the company’s stock, valued at $2,463,504.93. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Eugene A. Delaney sold 7,181 shares of Sanmina 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 directly owns 100,887 shares in the company, valued at approximately $6,548,575.17. The disclosure for this sale can be found here. Insiders sold 11,103 shares of company stock worth $720,600 over the last ninety days. 3.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SANM shares. Fox Advisors assumed coverage on shares of Sanmina in a research report on Wednesday, March 6th. They issued an “overweight” rating and a $80.00 target price on the stock. Craig Hallum restated a “hold” rating and set a $62.00 price target on shares of Sanmina in a report on Tuesday, April 30th. Finally, StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a report on Monday, May 27th.

Read Our Latest Stock Report on SANM

Sanmina Stock Performance

SANM stock opened at $65.87 on Friday. 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 market cap of $3.68 billion, a P/E ratio of 15.57, a P/E/G ratio of 1.41 and a beta of 0.95. The firm has a 50 day simple moving average of $63.19 and a 200 day simple moving average of $58.29. Sanmina Co. has a 52 week low of $43.40 and a 52 week high of $69.80.

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

Sanmina 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.

Further Reading

Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

Receive News & Ratings for Sanmina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanmina and related companies with MarketBeat.com's FREE daily email newsletter.