Sanmina Co. (NASDAQ:SANM) Holdings Trimmed by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its stake in Sanmina Co. (NASDAQ:SANM - Free Report) by 23.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 490,000 shares of the electronics maker's stock after selling 153,251 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.88% of Sanmina worth $32,462,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SANM. Norges Bank purchased a new stake in Sanmina in the 4th quarter valued at approximately $21,836,000. Invenomic Capital Management LP purchased a new stake in Sanmina in the 4th quarter valued at approximately $12,174,000. Global Alpha Capital Management Ltd. lifted its stake in shares of Sanmina by 27.4% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 677,891 shares of the electronics maker's stock worth $34,823,000 after purchasing an additional 145,780 shares during the period. Vanguard Group Inc. lifted its stake in shares of Sanmina by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 7,108,722 shares of the electronics maker's stock worth $365,175,000 after purchasing an additional 130,797 shares during the period. Finally, CWA Asset Management Group LLC purchased a new position in shares of Sanmina during the 4th quarter worth $4,140,000. Hedge funds and other institutional investors own 92.71% of the company's stock.

Sanmina Trading Down 1.0 %

Shares of SANM traded down $0.69 during trading hours on Friday, hitting $70.21. The stock had a trading volume of 265,479 shares, compared to its average volume of 478,597. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.27 and a current ratio of 2.03. The firm has a market cap of $3.84 billion, a P/E ratio of 16.60, a P/E/G ratio of 1.87 and a beta of 0.92. The company's fifty day simple moving average is $68.89 and its 200 day simple moving average is $64.69. Sanmina Co. has a 12-month low of $43.40 and a 12-month high of $76.84.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its 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). The firm had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.86 billion. Sanmina had a return on equity of 10.79% and a net margin of 2.93%. The company's quarterly revenue was down 16.6% compared to the same quarter last year. During the same period last year, the business posted $1.37 earnings per share. Equities research analysts forecast that Sanmina Co. will post 4.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SANM shares. Craig Hallum reissued a "hold" rating and set a $62.00 price target on shares of Sanmina in a research note on Tuesday, April 30th. StockNews.com lowered Sanmina from a "buy" rating to a "hold" rating in a research note on Friday, July 19th.

Insider Buying and Selling

In related news, Director Krish A. Prabhu sold 4,803 shares of the stock in a transaction on Tuesday, August 6th. The stock was 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 in the company, valued at approximately $1,291,596.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Krish A. Prabhu sold 4,803 shares of the stock in a transaction on Tuesday, August 6th. The stock was 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 in the company, valued at approximately $1,291,596.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Alan Mcwilliams Reid sold 8,500 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $68.85, for a total value of $585,225.00. Following the completion of the sale, the executive vice president now owns 26,679 shares of the company's stock, valued at $1,836,849.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,320 shares of company stock valued at $7,294,883. 3.09% of the stock is currently owned by company insiders.

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.