Oregon Public Employees Retirement Fund Lowers Stock Holdings in Sanmina Co. (NASDAQ:SANM)

Oregon Public Employees Retirement Fund reduced its position in Sanmina Co. (NASDAQ:SANM – Get Rating) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,556 shares of the electronics maker’s stock after selling 1,332 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Sanmina were worth $901,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in Sanmina by 76.4% in the 3rd quarter. CWM LLC now owns 545 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 236 shares during the last quarter. Fifth Third Bancorp raised its holdings in Sanmina by 122.4% in the 2nd quarter. Fifth Third Bancorp now owns 636 shares of the electronics maker’s stock worth $26,000 after acquiring an additional 350 shares during the last quarter. Ronald Blue Trust Inc. purchased a new position in Sanmina in the 2nd quarter worth approximately $31,000. US Bancorp DE raised its holdings in Sanmina by 44.1% in the 3rd quarter. US Bancorp DE now owns 1,137 shares of the electronics maker’s stock worth $53,000 after acquiring an additional 348 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in 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 acquiring an additional 1,722 shares during the last quarter. 91.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Activity

In related news, 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 transaction of $212,550.00. Following the transaction, the executive vice president now owns 30,730 shares in the company, valued at approximately $1,997,450. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, 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 transaction of $212,550.00. Following the transaction, the executive vice president now owns 30,730 shares in the company, valued at approximately $1,997,450. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kurt Adzema sold 15,482 shares of Sanmina stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $61.30, for a total transaction of $949,046.60. Following the transaction, the chief financial officer now owns 69,351 shares in the company, valued at approximately $4,251,216.30. The disclosure for this sale can be found here. Insiders sold a total of 27,014 shares of company stock valued at $1,728,205 in the last 90 days. Company insiders own 3.38% of the company’s stock.

Sanmina Trading Up 0.8 %

Shares of SANM stock opened at $60.63 on Wednesday. Sanmina Co. has a 1 year low of $35.36 and a 1 year high of $69.28. The firm has a fifty day moving average price of $61.38 and a 200-day moving average price of $54.09. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.60 and a quick ratio of 0.91. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 14.82 and a beta of 1.08.

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

Sanmina Company Profile

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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.