UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $6.45 Million Stock Holdings in Sanmina Co. (NASDAQ:SANM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 11.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,227 shares of the electronics maker's stock after selling 12,682 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.17% of Sanmina worth $6,450,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Sanmina by 24.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker's stock valued at $56,000 after acquiring an additional 164 shares during the period. GAMMA Investing LLC boosted its position in shares of Sanmina by 88.5% during the third quarter. GAMMA Investing LLC now owns 931 shares of the electronics maker's stock worth $64,000 after purchasing an additional 437 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Sanmina in the 2nd quarter valued at $116,000. CWM LLC raised its stake in Sanmina by 40.5% during the 3rd quarter. CWM LLC now owns 1,781 shares of the electronics maker's stock worth $122,000 after buying an additional 513 shares during the period. Finally, KBC Group NV lifted its holdings in Sanmina by 25.5% during the third quarter. KBC Group NV now owns 1,811 shares of the electronics maker's stock worth $124,000 after acquiring an additional 368 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SANM has been the subject of several recent analyst reports. StockNews.com upgraded Sanmina from a "hold" rating to a "buy" rating in a report on Thursday, November 21st. Craig Hallum increased their target price on Sanmina from $62.00 to $69.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th.

Sanmina Stock Up 0.9 %

Shares of NASDAQ:SANM traded up $0.68 during mid-day trading on Wednesday, reaching $80.02. 214,779 shares of the stock were exchanged, compared to its average volume of 417,689. The company has a market cap of $4.32 billion, a P/E ratio of 20.47, a P/E/G ratio of 1.32 and a beta of 0.91. The stock's 50 day simple moving average is $74.10 and its 200-day simple moving average is $70.37. The company has a quick ratio of 1.25, a current ratio of 1.99 and a debt-to-equity ratio of 0.13. Sanmina Co. has a one year low of $48.83 and a one year high of $86.05.

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