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

EMC Capital Management reduced its holdings in Sanmina Co. (NASDAQ:SANM - Free Report) by 37.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,420 shares of the electronics maker's stock after selling 5,580 shares during the period. Sanmina makes up 0.4% of EMC Capital Management's holdings, making the stock its 18th biggest position. EMC Capital Management's holdings in Sanmina were worth $713,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC raised its holdings in 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 acquiring an additional 82,409 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Sanmina by 2.4% in the third quarter. Geode Capital Management LLC now owns 1,515,128 shares of the electronics maker's stock valued at $103,727,000 after purchasing an additional 35,622 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Sanmina by 6.4% in the third quarter. Franklin Resources Inc. now owns 1,319,768 shares of the electronics maker's stock valued at $89,018,000 after purchasing an additional 79,565 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its position in Sanmina by 19.4% during the third quarter. Global Alpha Capital Management Ltd. now owns 922,391 shares of the electronics maker's stock worth $63,138,000 after buying an additional 149,600 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Sanmina by 255.9% during the third quarter. JPMorgan Chase & Co. now owns 509,906 shares of the electronics maker's stock worth $34,903,000 after buying an additional 366,653 shares during the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sanmina

In related news, Director Eugene A. Delaney sold 10,000 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $83.50, for a total transaction of $835,000.00. Following the transaction, the director now owns 77,120 shares of the company's stock, valued at approximately $6,439,520. This represents a 11.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.22% of the company's stock.

Wall Street Analysts Forecast Growth

SANM has been the topic of several analyst reports. StockNews.com upgraded Sanmina from a "buy" rating to a "strong-buy" rating in a report on Wednesday, January 29th. Bank of America raised shares of Sanmina from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $58.00 to $92.00 in a research note on Wednesday, January 29th. Finally, Craig Hallum increased their price target 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.

Sanmina Trading Down 2.1 %

Shares of NASDAQ SANM traded down $1.75 during mid-day trading on Monday, reaching $81.99. 484,861 shares of the company's stock were exchanged, compared to its average volume of 415,952. The company's 50-day moving average is $79.47 and its 200-day moving average is $73.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 2.06. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 1.22 and a beta of 0.92. Sanmina Co. has a 52-week low of $57.28 and a 52-week high of $86.05.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.07. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.96 billion. Sanmina had a net margin of 2.99% and a return on equity of 10.61%. Sanmina's revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 earnings per share. Analysts expect that Sanmina Co. will post 5.15 EPS for the current fiscal year.

Sanmina declared that its Board of Directors has authorized a share repurchase plan on Monday, January 27th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the electronics maker to buy up to 7.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Sanmina Company 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.