Sanmina Co. (NASDAQ:SANM) Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its position in shares of Sanmina Co. (NASDAQ:SANM) by 6.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,996 shares of the electronics maker’s stock after purchasing an additional 7,670 shares during the quarter. Public Sector Pension Investment Board’s holdings in Sanmina were worth $8,082,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. UniSuper Management Pty Ltd purchased a new stake in Sanmina in the first quarter valued at $741,000. Allspring Global Investments Holdings LLC raised its position in Sanmina by 32.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 75,521 shares of the electronics maker’s stock valued at $4,696,000 after acquiring an additional 18,360 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Sanmina by 64.8% in the first quarter. Janus Henderson Group PLC now owns 134,807 shares of the electronics maker’s stock valued at $8,381,000 after acquiring an additional 52,995 shares during the period. Global Alpha Capital Management Ltd. grew its stake in shares of Sanmina by 10.2% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 747,191 shares of the electronics maker’s stock worth $46,460,000 after purchasing an additional 69,300 shares during the period. Finally, Invenomic Capital Management LP purchased a new stake in Sanmina during the fourth quarter worth $12,174,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Insider Buying and Selling

In other Sanmina news, CEO Jure Sola sold 82,328 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $69.67, for a total transaction of $5,735,791.76. Following the completion of the transaction, the chief executive officer now owns 1,198,594 shares of the company’s stock, valued at $83,506,043.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Jure Sola sold 82,328 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $69.67, for a total transaction of $5,735,791.76. Following the completion of the sale, the chief executive officer now owns 1,198,594 shares of the company’s stock, valued at $83,506,043.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eugene A. Delaney sold 8,688 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $74.83, for a total transaction of $650,123.04. Following the completion of the transaction, the director now directly owns 92,199 shares in the company, valued at $6,899,251.17. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,320 shares of company stock worth $7,294,883. Insiders own 3.09% of the company’s stock.

Sanmina Stock Up 0.6 %

Sanmina stock opened at $69.26 on Wednesday. Sanmina Co. has a 12 month low of $43.40 and a 12 month high of $76.84. The stock has a market capitalization of $3.79 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.88 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.03 and a quick ratio of 1.27. The business has a 50 day simple moving average of $69.28 and a 200-day simple moving average of $65.96.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, July 29th. The electronics maker reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Sanmina had a return on equity of 10.79% and a net margin of 2.93%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. The business’s revenue was down 16.6% on a year-over-year basis. On average, analysts anticipate that Sanmina Co. will post 4.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Sanmina from a “buy” rating to a “hold” rating in a report on Friday, July 19th.

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.