Crossmark Global Holdings Inc. Decreases Stock Position in Sanmina Co. (NASDAQ:SANM)

Crossmark Global Holdings Inc. lessened its position in Sanmina Co. (NASDAQ:SANMGet Rating) by 5.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,700 shares of the electronics maker’s stock after selling 350 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Sanmina were worth $262,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC increased its holdings in shares of Sanmina by 76.4% in the third quarter. CWM LLC now owns 545 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 236 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Sanmina by 122.4% in the second quarter. Fifth Third Bancorp now owns 636 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 350 shares during the last quarter. Ronald Blue Trust Inc. acquired a new stake in shares of Sanmina in the second quarter valued at approximately $31,000. US Bancorp DE increased its holdings in shares of Sanmina by 44.1% in the third quarter. US Bancorp DE now owns 1,137 shares of the electronics maker’s stock valued at $53,000 after purchasing an additional 348 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Sanmina by 243.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,430 shares of the electronics maker’s stock valued at $99,000 after purchasing an additional 1,722 shares during the last quarter. Hedge funds and other institutional investors own 91.22% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on SANM shares. StockNews.com raised Sanmina from a “buy” rating to a “strong-buy” rating in a report on Friday, January 20th. Sidoti raised Sanmina from a “neutral” rating to a “buy” rating and set a $78.00 price target for the company in a report on Tuesday, November 8th. Citigroup raised their target price on Sanmina to $65.00 in a research note on Tuesday, November 15th. Finally, Craig Hallum raised their target price on Sanmina to $76.00 in a research note on Tuesday, November 15th.

Sanmina Trading Up 0.8 %

Shares of NASDAQ SANM opened at $60.63 on Wednesday. Sanmina Co. has a twelve month low of $35.36 and a twelve month high of $69.28. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $61.38 and a 200-day simple moving average of $54.09. The stock has a market capitalization of $3.48 billion, a PE ratio of 14.82 and a beta of 1.08.

Sanmina (NASDAQ:SANMGet Rating) last issued its quarterly earnings data on Monday, November 7th. The electronics maker reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.14. Sanmina had a return on equity of 15.02% and a net margin of 3.25%. The business had revenue of $2.20 billion during the quarter.

Insider Activity

In related news, EVP Alan Mcwilliams Reid sold 3,270 shares of Sanmina stock in a transaction on 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 transaction, the executive vice president now directly owns 30,730 shares in the company, valued at $1,997,450. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Kurt Adzema sold 15,482 shares of Sanmina stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $61.30, for a total value of $949,046.60. Following the completion of the transaction, the chief financial officer now directly owns 69,351 shares in the company, valued at $4,251,216.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Alan Mcwilliams Reid sold 3,270 shares of Sanmina stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $65.00, for a total value of $212,550.00. Following the completion of the transaction, the executive vice president now owns 30,730 shares of the company’s stock, valued at $1,997,450. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,014 shares of company stock valued at $1,728,205. 3.38% of the stock is currently owned by corporate insiders.

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.

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Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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