Sanctuary Advisors LLC Sells 18,883 Shares of Sanmina Co. (NASDAQ:SANM)

Sanctuary Advisors LLC reduced its stake in Sanmina Co. (NASDAQ:SANM) by 82.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,049 shares of the electronics maker’s stock after selling 18,883 shares during the period. Sanctuary Advisors LLC’s holdings in Sanmina were worth $277,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Weiss Asset Management LP increased its position in Sanmina by 590.7% in the 3rd quarter. Weiss Asset Management LP now owns 381,158 shares of the electronics maker’s stock valued at $26,090,000 after buying an additional 325,974 shares in the last quarter. Global Alpha Capital Management Ltd. increased its holdings in shares of Sanmina by 19.4% during the third quarter. Global Alpha Capital Management Ltd. now owns 922,391 shares of the electronics maker’s stock valued at $63,138,000 after acquiring an additional 149,600 shares in the last quarter. Royce & Associates LP raised its position in shares of Sanmina by 36.7% during the third quarter. Royce & Associates LP now owns 402,098 shares of the electronics maker’s stock worth $27,524,000 after purchasing an additional 107,906 shares during the period. American Century Companies Inc. lifted its holdings in shares of Sanmina by 14.0% in the 2nd quarter. American Century Companies Inc. now owns 875,132 shares of the electronics maker’s stock worth $57,977,000 after purchasing an additional 107,474 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in Sanmina by 8.0% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,168,289 shares of the electronics maker’s stock valued at $77,399,000 after purchasing an additional 86,492 shares during the period. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Price Performance

Shares of NASDAQ:SANM opened at $76.64 on Friday. Sanmina Co. has a 1-year low of $48.83 and a 1-year high of $86.05. The company has a current ratio of 1.99, a quick ratio of 1.25 and a debt-to-equity ratio of 0.13. The stock has a market cap of $4.13 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91. The stock’s fifty day simple moving average is $76.76 and its two-hundred day simple moving average is $71.32.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the firm posted $1.20 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, analysts forecast that Sanmina Co. will post 4.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SANM has been the topic of a number of recent research reports. Craig Hallum raised their price objective on shares of Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. StockNews.com upgraded Sanmina from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st.

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.