DekaBank Deutsche Girozentrale Sells 41,385 Shares of Sanmina Co. (NASDAQ:SANM)

DekaBank Deutsche Girozentrale lowered its position in shares of Sanmina Co. (NASDAQ:SANM) by 80.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,109 shares of the electronics maker’s stock after selling 41,385 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Sanmina were worth $527,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in shares of Sanmina by 1,922.0% during the second quarter. Farther Finance Advisors LLC now owns 1,011 shares of the electronics maker’s stock worth $61,000 after purchasing an additional 961 shares during the period. Covestor Ltd increased its stake in shares of Sanmina by 85.8% during the first quarter. Covestor Ltd now owns 2,473 shares of the electronics maker’s stock worth $100,000 after purchasing an additional 1,142 shares during the period. Ronald Blue Trust Inc. increased its stake in shares of Sanmina by 154.4% during the third quarter. Ronald Blue Trust Inc. now owns 2,020 shares of the electronics maker’s stock worth $110,000 after purchasing an additional 1,226 shares during the period. Blue Trust Inc. increased its stake in shares of Sanmina by 21.2% during the fourth quarter. Blue Trust Inc. now owns 2,448 shares of the electronics maker’s stock worth $133,000 after purchasing an additional 428 shares during the period. Finally, CI Investments Inc. increased its stake in shares of Sanmina by 3,686.4% during the third quarter. CI Investments Inc. now owns 3,067 shares of the electronics maker’s stock worth $166,000 after purchasing an additional 2,986 shares during the period. Institutional investors own 92.71% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Fox Advisors began coverage on Sanmina in a research note on Wednesday, March 6th. They set an “overweight” rating and a $80.00 price objective on the stock.

Sanmina Trading Up 0.3 %

Shares of SANM opened at $58.33 on Tuesday. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 0.92 and a beta of 1.04. Sanmina Co. has a 52-week low of $43.40 and a 52-week high of $69.69. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.23 and a current ratio of 1.99. The business’s fifty day moving average is $61.19 and its 200-day moving average is $54.92.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, January 29th. The electronics maker reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.08. Sanmina had a return on equity of 13.16% and a net margin of 3.25%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the company posted $1.49 EPS. Sanmina’s quarterly revenue was down 20.4% compared to the same quarter last year. Equities analysts anticipate that Sanmina Co. will post 4.7 EPS for the current fiscal year.

Insider Buying and Selling at Sanmina

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

About Sanmina

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.