Sanmina Co. (NASDAQ:SANM) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in shares of Sanmina Co. (NASDAQ:SANM) by 4.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 514,594 shares of the electronics maker’s stock after selling 21,912 shares during the quarter. Victory Capital Management Inc.’s holdings in Sanmina were worth $26,435,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in SANM. SummerHaven Investment Management LLC grew its holdings in shares of Sanmina by 1.9% during the fourth quarter. SummerHaven Investment Management LLC now owns 11,473 shares of the electronics maker’s stock worth $589,000 after buying an additional 212 shares in the last quarter. Headlands Technologies LLC grew its stake in Sanmina by 5.1% during the 4th quarter. Headlands Technologies LLC now owns 4,511 shares of the electronics maker’s stock valued at $232,000 after acquiring an additional 217 shares in the last quarter. Islay Capital Management LLC raised its holdings in Sanmina by 2.0% in the 3rd quarter. Islay Capital Management LLC now owns 13,833 shares of the electronics maker’s stock valued at $751,000 after acquiring an additional 268 shares during the last quarter. Navellier & Associates Inc. lifted its stake in Sanmina by 5.1% in the 3rd quarter. Navellier & Associates Inc. now owns 6,599 shares of the electronics maker’s stock worth $358,000 after purchasing an additional 318 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Sanmina by 3.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 8,765 shares of the electronics maker’s stock worth $476,000 after purchasing an additional 327 shares during the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

Sanmina Stock Up 0.9 %

Shares of NASDAQ SANM opened at $64.15 on Wednesday. The company has a market capitalization of $3.56 billion, a P/E ratio of 15.17, a P/E/G ratio of 0.94 and a beta of 1.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.00 and a quick ratio of 1.25. The company has a 50 day simple moving average of $61.46 and a 200-day simple moving average of $55.81. Sanmina Co. has a 1 year low of $43.40 and a 1 year high of $69.69.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, April 29th. The electronics maker reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.21. Sanmina had a return on equity of 11.98% and a net margin of 3.11%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The firm’s revenue for the quarter was down 20.9% compared to the same quarter last year. On average, equities research analysts predict that Sanmina Co. will post 4.86 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Fox Advisors started coverage on Sanmina in a research report on Wednesday, March 6th. They set an “overweight” rating and a $80.00 price objective on the stock. Craig Hallum reiterated a “hold” rating and set a $62.00 price target on shares of Sanmina in a report on Tuesday, April 30th.

Insider Buying and Selling

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 shares were sold at an average price of $60.64, for a total value of $60,640.00. Following the transaction, the director now owns 7,811 shares of the company’s stock, valued at $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.

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.