Hotchkis & Wiley Capital Management LLC Lowers Stock Position in Sanmina Co. (NASDAQ:SANM)

Hotchkis & Wiley Capital Management LLC lowered its stake in Sanmina Co. (NASDAQ:SANM - Free Report) by 51.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,221 shares of the electronics maker's stock after selling 92,455 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.16% of Sanmina worth $6,039,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in shares of Sanmina by 4.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 39,120 shares of the electronics maker's stock worth $2,433,000 after acquiring an additional 1,845 shares during the period. GAMMA Investing LLC grew its position in shares of Sanmina by 108.4% during the second quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker's stock worth $33,000 after buying an additional 257 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Sanmina by 71.7% during the second quarter. SG Americas Securities LLC now owns 11,161 shares of the electronics maker's stock worth $739,000 after buying an additional 4,660 shares during the period. Diversified Trust Co grew its holdings in Sanmina by 11.2% during the 2nd quarter. Diversified Trust Co now owns 18,774 shares of the electronics maker's stock worth $1,244,000 after acquiring an additional 1,898 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Sanmina by 8.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,571 shares of the electronics maker's stock valued at $237,000 after purchasing an additional 287 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company's stock.

Sanmina Price Performance

SANM traded down $0.60 on Friday, hitting $78.53. 165,567 shares of the company were exchanged, compared to its average volume of 419,971. Sanmina Co. has a fifty-two week low of $48.83 and a fifty-two week high of $86.05. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.99. The firm has a market capitalization of $4.24 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91. The business's fifty day moving average is $73.17 and its 200 day moving average is $70.01.

Sanmina (NASDAQ:SANM - Get Free Report) last posted its earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.07. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. Sanmina's revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.20 earnings per share. As a group, sell-side analysts anticipate that Sanmina Co. will post 4.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com raised shares of Sanmina from a "hold" rating to a "buy" rating in a report on Thursday, November 21st. Craig Hallum lifted their price target on shares of Sanmina from $62.00 to $69.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th.

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.