Summit Global Investments Has $439,000 Holdings in Sanmina Co. (NASDAQ:SANM)

Summit Global Investments decreased its position in Sanmina Co. (NASDAQ:SANM) by 33.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,548 shares of the electronics maker’s stock after selling 4,375 shares during the quarter. Summit Global Investments’ holdings in Sanmina were worth $439,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in Sanmina by 21.2% in the 4th quarter. Blue Trust Inc. now owns 2,448 shares of the electronics maker’s stock valued at $133,000 after buying an additional 428 shares in the last quarter. CI Investments Inc. increased its position in Sanmina by 3,686.4% during the third quarter. CI Investments Inc. now owns 3,067 shares of the electronics maker’s stock worth $166,000 after acquiring an additional 2,986 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Sanmina during the third quarter worth about $232,000. Headlands Technologies LLC raised its stake in Sanmina by 5.1% in the 4th quarter. Headlands Technologies LLC now owns 4,511 shares of the electronics maker’s stock worth $232,000 after purchasing an additional 217 shares in the last quarter. Finally, Duality Advisers LP bought a new stake in Sanmina in the 3rd quarter valued at about $239,000. Institutional investors own 92.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Craig Hallum reaffirmed a “hold” rating and set a $62.00 target price on shares of Sanmina in a report on Tuesday, April 30th. Fox Advisors assumed coverage on Sanmina in a research note on Wednesday, March 6th. They set an “overweight” rating and a $80.00 price objective on the stock.

Sanmina Price Performance

SANM stock opened at $61.76 on Monday. The company has a quick ratio of 1.25, a current ratio of 2.00 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.42 billion, a P/E ratio of 14.60, a P/E/G ratio of 0.94 and a beta of 1.01. The company’s 50-day moving average price is $61.38 and its two-hundred day moving average price is $55.62. Sanmina Co. has a 12 month low of $43.40 and a 12 month high of $69.69.

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

Insider Activity at Sanmina

In other news, Director Susan A. Johnson sold 1,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $60.64, for a total value of $60,640.00. Following the completion of the transaction, the director now owns 7,811 shares of the company’s stock, valued at $473,659.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.09% of the stock is currently owned by insiders.

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.