Strs Ohio Has $1.08 Million Holdings in Sanmina Co. (NASDAQ:SANM)

Strs Ohio lessened its stake in shares of Sanmina Co. (NASDAQ:SANM) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,000 shares of the electronics maker’s stock after selling 500 shares during the period. Strs Ohio’s holdings in Sanmina were worth $1,078,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Islay Capital Management LLC raised its holdings in Sanmina by 2.0% during the 3rd quarter. Islay Capital Management LLC now owns 13,833 shares of the electronics maker’s stock worth $751,000 after buying an additional 268 shares during the period. Navellier & Associates Inc. grew its stake in Sanmina by 5.1% during the 3rd quarter. Navellier & Associates Inc. now owns 6,599 shares of the electronics maker’s stock valued at $358,000 after acquiring an additional 318 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Sanmina by 3.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 8,765 shares of the electronics maker’s stock valued at $476,000 after acquiring an additional 327 shares in the last quarter. Jennison Associates LLC grew its stake in Sanmina by 1.2% during the 3rd quarter. Jennison Associates LLC now owns 27,382 shares of the electronics maker’s stock valued at $1,486,000 after acquiring an additional 337 shares in the last quarter. Finally, Raymond James & Associates grew its stake in Sanmina by 0.7% during the 3rd quarter. Raymond James & Associates now owns 49,351 shares of the electronics maker’s stock valued at $2,679,000 after acquiring an additional 345 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Fox Advisors began coverage on Sanmina in a research note on Wednesday, March 6th. They set an “overweight” rating and a $80.00 target price on the stock.

Sanmina Trading Up 3.8 %

Shares of NASDAQ SANM opened at $60.97 on Wednesday. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 0.93 and a beta of 1.04. The business has a 50 day simple moving average of $61.10 and a 200 day simple moving average of $55.14. Sanmina Co. has a 52 week low of $43.40 and a 52 week high of $69.69. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.23 and a current ratio of 1.99.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, January 29th. The electronics maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.22 by $0.08. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Sanmina had a return on equity of 13.16% and a net margin of 3.25%. The firm’s quarterly revenue was down 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.49 EPS. On average, research analysts predict that Sanmina Co. will post 4.7 earnings per share for the current fiscal year.

Insider Activity at Sanmina

In related news, Director Susan A. Johnson sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $60.64, for a total value of $60,640.00. Following the completion of the sale, the director now owns 7,811 shares of the company’s stock, valued at approximately $473,659.04. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.09% of the stock is currently owned by company insiders.

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.