Sanmina Co. (NASDAQ:SANM) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. reduced its position in Sanmina Co. (NASDAQ:SANM) by 4.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,499 shares of the electronics maker’s stock after selling 233 shares during the period. Ameritas Investment Partners Inc.’s holdings in Sanmina were worth $342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. boosted its stake in shares of Sanmina by 0.9% during the 1st quarter. Hillsdale Investment Management Inc. now owns 50,000 shares of the electronics maker’s stock worth $3,109,000 after acquiring an additional 450 shares in the last quarter. TIAA Trust National Association acquired a new position in Sanmina in the 1st quarter worth about $212,000. Vanguard Group Inc. grew its holdings in Sanmina by 0.6% in the first quarter. Vanguard Group Inc. now owns 7,154,640 shares of the electronics maker’s stock valued at $444,876,000 after purchasing an additional 45,918 shares during the period. State Board of Administration of Florida Retirement System grew its position in shares of Sanmina by 20.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 19,972 shares of the electronics maker’s stock valued at $1,218,000 after purchasing an additional 3,394 shares during the period. Finally, ProShare Advisors LLC boosted its stake in shares of Sanmina by 4.5% in the first quarter. ProShare Advisors LLC now owns 11,621 shares of the electronics maker’s stock worth $723,000 after acquiring an additional 496 shares during the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Stock Performance

NASDAQ SANM opened at $72.32 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.25 and a current ratio of 2.00. The stock’s fifty day moving average is $67.76 and its two-hundred day moving average is $62.46. The firm has a market capitalization of $4.04 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 1.57 and a beta of 0.92. Sanmina Co. has a fifty-two week low of $43.40 and a fifty-two week high of $74.38.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, April 29th. The electronics maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.09 by $0.21. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.88 billion. Sanmina had a return on equity of 11.98% and a net margin of 3.11%. The company’s quarterly revenue was down 20.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 EPS. On average, research analysts anticipate that Sanmina Co. will post 4.86 earnings per share for the current year.

Insider Buying and Selling at Sanmina

In other Sanmina news, EVP Alan Mcwilliams Reid sold 3,528 shares of Sanmina stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $65.43, for a total transaction of $230,837.04. Following the completion of the sale, the executive vice president now directly owns 37,651 shares in the company, valued at $2,463,504.93. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Alan Mcwilliams Reid sold 3,528 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $65.43, for a total value of $230,837.04. Following the sale, the executive vice president now owns 37,651 shares in the company, valued at approximately $2,463,504.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Eugene A. Delaney sold 7,181 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $64.91, for a total value of $466,118.71. Following the transaction, the director now directly owns 100,887 shares in the company, valued at approximately $6,548,575.17. The disclosure for this sale can be found here. 3.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SANM shares. StockNews.com downgraded Sanmina from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Craig Hallum reissued a “hold” rating and issued a $62.00 price target on shares of Sanmina in a research note on Tuesday, April 30th.

About Sanmina

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.