Strs Ohio Has $1.08 Million Position in Sanmina Co. (NASDAQ:SANM)

Strs Ohio reduced its stake in shares of Sanmina Co. (NASDAQ:SANM) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,000 shares of the electronics maker’s stock after selling 500 shares during the quarter. Strs Ohio’s holdings in Sanmina were worth $1,078,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its position in shares of Sanmina by 21.2% during the 4th quarter. Blue Trust Inc. now owns 2,448 shares of the electronics maker’s stock worth $133,000 after buying an additional 428 shares during the period. CI Investments Inc. lifted its holdings in shares of Sanmina by 3,686.4% during the 3rd quarter. CI Investments Inc. now owns 3,067 shares of the electronics maker’s stock valued at $166,000 after purchasing an additional 2,986 shares in the last quarter. GW Henssler & Associates Ltd. bought a new position in shares of Sanmina during the 3rd quarter valued at about $203,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Sanmina during the 3rd quarter valued at about $232,000. Finally, Headlands Technologies LLC lifted its holdings in shares of Sanmina by 31.7% during the 3rd quarter. Headlands Technologies LLC now owns 4,294 shares of the electronics maker’s stock valued at $233,000 after purchasing an additional 1,034 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Sanmina

In other Sanmina news, Director Susan A. Johnson sold 1,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 7,811 shares in the company, valued at approximately $473,659.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.09% of the company’s stock.

Sanmina Trading Up 3.8 %

NASDAQ:SANM opened at $60.97 on Wednesday. The stock has a market capitalization of $3.46 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 0.93 and a beta of 1.04. The business’s 50-day simple moving average is $61.10 and its 200-day simple moving average is $55.14. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.99 and a quick ratio of 1.23. Sanmina Co. has a fifty-two week low of $43.40 and a fifty-two week high of $69.69.

Sanmina (NASDAQ:SANM) last released its earnings results on Monday, January 29th. The electronics maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.22 by $0.08. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Sanmina had a return on equity of 13.16% and a net margin of 3.25%. The business’s quarterly revenue was down 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.49 EPS. Sell-side analysts expect that Sanmina Co. will post 4.7 earnings per share for the current fiscal year.

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.