Sanmina Co. (NASDAQ:SANM) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its position in Sanmina Co. (NASDAQ:SANM - Free Report) by 57.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 119,262 shares of the electronics maker's stock after buying an additional 43,741 shares during the period. Allspring Global Investments Holdings LLC owned 0.21% of Sanmina worth $7,901,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SANM. Norges Bank acquired a new stake in Sanmina in the fourth quarter valued at approximately $21,836,000. Invenomic Capital Management LP purchased a new position in Sanmina during the 4th quarter worth $12,174,000. Global Alpha Capital Management Ltd. increased its position in Sanmina by 27.4% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 677,891 shares of the electronics maker's stock valued at $34,823,000 after buying an additional 145,780 shares in the last quarter. Vanguard Group Inc. raised its stake in Sanmina by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 7,108,722 shares of the electronics maker's stock valued at $365,175,000 after buying an additional 130,797 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Sanmina by 18.6% in the first quarter. Assenagon Asset Management S.A. now owns 643,251 shares of the electronics maker's stock worth $39,997,000 after acquiring an additional 100,865 shares in the last quarter. Hedge funds and other institutional investors own 92.71% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Sanmina from a "buy" rating to a "hold" rating in a research note on Friday, July 19th.

Insider Buying and Selling

In other Sanmina news, Director Krish A. Prabhu sold 4,803 shares of the company's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $67.39, for a total value of $323,674.17. Following the sale, the director now directly owns 19,166 shares of the company's stock, valued at $1,291,596.74. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Sanmina news, Director Krish A. Prabhu sold 4,803 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 19,166 shares of the company's stock, valued at $1,291,596.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alan Mcwilliams Reid sold 8,500 shares of the firm's stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $68.85, for a total transaction of $585,225.00. Following the sale, the executive vice president now directly owns 26,679 shares in the company, valued at approximately $1,836,849.15. The disclosure for this sale can be found here. Insiders sold a total of 104,320 shares of company stock valued at $7,294,883 over the last 90 days. Insiders own 3.09% of the company's stock.

Sanmina Stock Performance

Sanmina stock traded down $0.17 during trading hours on Friday, hitting $69.38. 894,290 shares of the stock traded hands, compared to its average volume of 435,955. The firm's 50 day moving average price is $69.39 and its 200-day moving average price is $65.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.03 and a quick ratio of 1.27. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 1.92 and a beta of 0.92. Sanmina Co. has a 1 year low of $43.40 and a 1 year 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 EPS for the quarter, missing analysts' consensus estimates of $1.28 by ($0.03). Sanmina had a net margin of 2.93% and a return on equity of 10.79%. The firm had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter in the prior year, the company earned $1.37 EPS. Sanmina's quarterly revenue was down 16.6% on a year-over-year basis. As a group, equities analysts expect that Sanmina Co. will post 4.24 EPS for the current fiscal year.

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.