Xponance Inc. Sells 197 Shares of Sanmina Co. (NASDAQ:SANM)

Xponance Inc. lessened its stake in shares of Sanmina Co. (NASDAQ:SANM) by 3.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,813 shares of the electronics maker’s stock after selling 197 shares during the period. Xponance Inc.’s holdings in Sanmina were worth $247,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SANM. FMR LLC lifted its position in shares of Sanmina by 498.3% during the 3rd quarter. FMR LLC now owns 489,308 shares of the electronics maker’s stock worth $26,560,000 after buying an additional 407,528 shares during the period. Earnest Partners LLC lifted its position in shares of Sanmina by 19.1% during the 3rd quarter. Earnest Partners LLC now owns 1,182,552 shares of the electronics maker’s stock worth $64,189,000 after buying an additional 189,832 shares during the period. New York State Common Retirement Fund lifted its position in shares of Sanmina by 60.0% during the 3rd quarter. New York State Common Retirement Fund now owns 367,621 shares of the electronics maker’s stock worth $19,954,000 after buying an additional 137,922 shares during the period. Assenagon Asset Management S.A. raised its position in Sanmina by 25.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 486,781 shares of the electronics maker’s stock valued at $26,422,000 after purchasing an additional 98,264 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Sanmina by 56.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 214,852 shares of the electronics maker’s stock valued at $11,662,000 after purchasing an additional 77,889 shares during the last quarter. Institutional investors own 92.71% of the company’s stock.

Sanmina Trading Up 0.4 %

Shares of SANM opened at $62.97 on Friday. The stock has a fifty day moving average price of $61.22 and a two-hundred day moving average price of $55.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.23 and a current ratio of 1.99. Sanmina Co. has a 52-week low of $43.40 and a 52-week high of $69.69. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 0.93 and a beta of 1.04.

Sanmina (NASDAQ:SANM) last released its earnings results 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. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.87 billion. Sanmina had a return on equity of 13.16% and a net margin of 3.25%. The firm’s quarterly revenue was down 20.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.49 earnings per share. Analysts predict that Sanmina Co. will post 5 EPS for the current fiscal year.

Insider Transactions at Sanmina

In other news, Director Susan A. Johnson sold 1,000 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $60.64, for a total transaction of $60,640.00. Following the completion of the sale, the director now owns 7,811 shares in the company, valued at $473,659.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Fox Advisors started coverage on Sanmina in a research report on Wednesday, March 6th. They issued an “overweight” rating and a $80.00 price objective for the company.

Sanmina Profile

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.