Empowered Funds LLC Sells 9,997 Shares of Sanmina Co. (NASDAQ:SANM)

Empowered Funds LLC cut its holdings in Sanmina Co. (NASDAQ:SANM - Free Report) by 19.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,633 shares of the electronics maker's stock after selling 9,997 shares during the period. Empowered Funds LLC owned approximately 0.08% of Sanmina worth $2,850,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Sanmina by 108.4% during the 2nd quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker's stock worth $33,000 after acquiring an additional 257 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Sanmina by 24.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker's stock worth $56,000 after acquiring an additional 164 shares during the last quarter. Innealta Capital LLC acquired a new position in Sanmina during the 2nd quarter worth $116,000. CWM LLC lifted its position in Sanmina by 40.5% during the 3rd quarter. CWM LLC now owns 1,781 shares of the electronics maker's stock worth $122,000 after acquiring an additional 513 shares during the last quarter. Finally, KBC Group NV lifted its position in Sanmina by 25.5% during the 3rd quarter. KBC Group NV now owns 1,811 shares of the electronics maker's stock worth $124,000 after acquiring an additional 368 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SANM has been the subject of a number of research analyst reports. Craig Hallum boosted their target price on shares of Sanmina from $62.00 to $69.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. StockNews.com raised shares of Sanmina from a "hold" rating to a "buy" rating in a research report on Thursday, November 7th.

Sanmina Stock Performance

Shares of SANM traded down $0.64 during trading hours on Wednesday, reaching $76.30. 65,198 shares of the company traded hands, compared to its average volume of 423,554. The stock's fifty day moving average is $70.50 and its 200 day moving average is $68.90. The stock has a market cap of $4.17 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 1.30 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 2.05. Sanmina Co. has a 1-year low of $48.83 and a 1-year high of $86.05.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.07. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.96 billion. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 earnings per share. Equities research analysts anticipate 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.