State of Alaska Department of Revenue Has $7.16 Million Holdings in Sanmina Co. (NASDAQ:SANM)

State of Alaska Department of Revenue lessened its holdings in shares of Sanmina Co. (NASDAQ:SANM) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,599 shares of the electronics maker’s stock after selling 1,373 shares during the period. State of Alaska Department of Revenue owned 0.19% of Sanmina worth $7,159,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of SANM. American Century Companies Inc. lifted its holdings in shares of Sanmina by 14.0% during the second 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 during the period. D. E. Shaw & Co. Inc. lifted its holdings in Sanmina by 8.0% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,168,289 shares of the electronics maker’s stock valued at $77,399,000 after buying an additional 86,492 shares during the period. Global Alpha Capital Management Ltd. lifted its holdings in Sanmina by 10.2% in the first quarter. Global Alpha Capital Management Ltd. now owns 747,191 shares of the electronics maker’s stock valued at $46,460,000 after buying an additional 69,300 shares during the period. Bank of New York Mellon Corp lifted its holdings in Sanmina by 11.5% in the second quarter. Bank of New York Mellon Corp now owns 578,458 shares of the electronics maker’s stock valued at $38,323,000 after buying an additional 59,849 shares during the period. Finally, 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 buying an additional 52,995 shares during the period. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Price Performance

SANM stock opened at $68.51 on Tuesday. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 1.54 and a beta of 0.89. The company has a quick ratio of 1.27, a current ratio of 2.03 and a debt-to-equity ratio of 0.13. Sanmina Co. has a 12-month low of $43.40 and a 12-month high of $76.84. The company’s fifty day simple moving average is $67.53 and its 200 day simple moving average is $67.01.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a report on Sunday, October 13th.

Insider Buying and Selling at Sanmina

In other Sanmina news, Director Krish A. Prabhu sold 4,803 shares of Sanmina stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $67.39, for a total value of $323,674.17. Following the completion of the sale, the director now directly owns 19,166 shares of the company’s stock, valued at approximately $1,291,596.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Sanmina news, CEO Jure Sola sold 82,328 shares of Sanmina stock in a transaction on Friday, August 9th. The shares were sold at an average price of $69.67, for a total value of $5,735,791.76. Following the completion of the sale, the chief executive officer now directly owns 1,198,594 shares of the company’s stock, valued at approximately $83,506,043.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Krish A. Prabhu sold 4,803 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $67.39, for a total transaction of $323,674.17. Following the sale, the director now directly owns 19,166 shares of the company’s stock, valued at approximately $1,291,596.74. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,320 shares of company stock valued at $7,294,883. Corporate insiders own 3.09% of the company’s stock.

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.