Segall Bryant & Hamill LLC Has $1.51 Million Holdings in Sanmina Co. (NASDAQ:SANM)

Segall Bryant & Hamill LLC reduced its position in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 74.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,104 shares of the electronics maker's stock after selling 63,709 shares during the period. Segall Bryant & Hamill LLC's holdings in Sanmina were worth $1,513,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Royce & Associates LP boosted its position in Sanmina by 36.7% during the 3rd quarter. Royce & Associates LP now owns 402,098 shares of the electronics maker's stock worth $27,524,000 after acquiring an additional 107,906 shares during the last quarter. American Century Companies Inc. grew its position in Sanmina by 14.0% in the second quarter. American Century Companies Inc. now owns 875,132 shares of the electronics maker's stock valued at $57,977,000 after purchasing an additional 107,474 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in Sanmina by 8.0% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,168,289 shares of the electronics maker's stock valued at $77,399,000 after buying an additional 86,492 shares during the last quarter. Phocas Financial Corp. bought a new stake in Sanmina during the 3rd quarter worth about $5,340,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Sanmina by 11.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 578,458 shares of the electronics maker's stock worth $38,323,000 after buying an additional 59,849 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors.

Sanmina Stock Performance

NASDAQ:SANM traded down $0.11 during mid-day trading on Friday, hitting $79.41. The stock had a trading volume of 445,450 shares, compared to its average volume of 448,604. Sanmina Co. has a twelve month low of $48.83 and a twelve month high of $86.05. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.34 and a beta of 0.89. The company's 50 day simple moving average is $71.27 and its 200 day simple moving average is $69.18. 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 (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.07. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. The company's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.20 EPS. On average, equities research analysts forecast that Sanmina Co. will post 4.84 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SANM. Craig Hallum upped their target price on Sanmina from $62.00 to $69.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. StockNews.com upgraded Sanmina from a "hold" rating to a "buy" rating in a research note on Thursday.

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.