Public Sector Pension Investment Board Buys 7,670 Shares of Sanmina Co. (NASDAQ:SANM)

Public Sector Pension Investment Board lifted its stake in Sanmina Co. (NASDAQ:SANM - Free Report) by 6.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 121,996 shares of the electronics maker's stock after acquiring an additional 7,670 shares during the period. Public Sector Pension Investment Board owned 0.22% of Sanmina worth $8,082,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its position in Sanmina by 108.4% in the 2nd quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker's stock worth $33,000 after buying an additional 257 shares during the period. Innealta Capital LLC bought a new position in Sanmina in the 2nd quarter worth approximately $116,000. Quest Partners LLC bought a new position in Sanmina in the 4th quarter worth approximately $126,000. TFO Wealth Partners LLC increased its position in Sanmina by 70,240.0% in the 4th quarter. TFO Wealth Partners LLC now owns 3,517 shares of the electronics maker's stock worth $181,000 after buying an additional 3,512 shares during the period. Finally, Blue Trust Inc. increased its position in Sanmina by 70.1% in the 2nd quarter. Blue Trust Inc. now owns 3,126 shares of the electronics maker's stock worth $194,000 after buying an additional 1,288 shares during the period. 92.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered Sanmina from a "buy" rating to a "hold" rating in a report on Friday, July 19th.

Insider Activity at Sanmina

In related news, EVP Alan Mcwilliams Reid sold 8,500 shares of the business's stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $68.85, for a total value of $585,225.00. Following the sale, the executive vice president now owns 26,679 shares of the company's stock, valued at approximately $1,836,849.15. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Sanmina news, Director Krish A. Prabhu sold 4,803 shares of the business's 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 transaction, the director now owns 19,166 shares of the company's stock, valued at $1,291,596.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Alan Mcwilliams Reid sold 8,500 shares of the business's stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $68.85, for a total value of $585,225.00. Following the sale, the executive vice president now owns 26,679 shares of the company's stock, valued at approximately $1,836,849.15. The disclosure for this sale can be found here. Insiders have sold a total of 104,320 shares of company stock valued at $7,294,883 in the last 90 days. 3.09% of the stock is owned by corporate insiders.

Sanmina Stock Performance

Shares of NASDAQ:SANM traded down $0.92 during trading on Wednesday, hitting $68.34. 56,179 shares of the stock were exchanged, compared to its average volume of 432,927. Sanmina Co. has a 1-year low of $43.40 and a 1-year high of $76.84. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 1.88 and a beta of 0.90. The company's fifty day simple moving average is $69.28 and its 200-day simple moving average is $65.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.27 and a current ratio of 2.03.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings data 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). Sanmina had a return on equity of 10.79% and a net margin of 2.93%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business posted $1.37 EPS. Sanmina's revenue for the quarter was down 16.6% compared to the same quarter last year. Sell-side analysts expect that Sanmina Co. will post 4.24 EPS for the current fiscal year.

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.