Sanmina Co. (NASDAQ:SANM) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA decreased its stake in Sanmina Co. (NASDAQ:SANM) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,177 shares of the electronics maker’s stock after selling 1,429 shares during the period. Glenmede Trust Co. NA’s holdings in Sanmina were worth $1,860,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. FMR LLC boosted its holdings in shares of Sanmina by 5.0% in the 3rd quarter. FMR LLC now owns 1,715,767 shares of the electronics maker’s stock valued at $117,444,000 after buying an additional 82,409 shares in the last quarter. D. E. Shaw & Co. Inc. raised 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 last quarter. Global Alpha Capital Management Ltd. raised its position in Sanmina by 19.4% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 922,391 shares of the electronics maker’s stock valued at $63,138,000 after purchasing an additional 149,600 shares during the last quarter. American Century Companies Inc. raised its position in Sanmina by 14.0% in the 2nd quarter. American Century Companies Inc. now owns 875,132 shares of the electronics maker’s stock valued at $57,977,000 after purchasing an additional 107,474 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Sanmina by 11.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 578,458 shares of the electronics maker’s stock valued at $38,323,000 after purchasing an additional 59,849 shares during the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on SANM shares. Craig Hallum upped their price target on shares of Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st.

Sanmina Price Performance

Shares of NASDAQ SANM opened at $79.41 on Monday. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.34 and a beta of 0.89. Sanmina Co. has a 52 week low of $48.83 and a 52 week high of $86.05. The company’s 50-day moving average price is $72.29 and its 200 day moving average price is $69.69. The company has a current ratio of 2.05, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13.

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

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.