Sanmina Co. (NASDAQ:SANM) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in Sanmina Co. (NASDAQ:SANM - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 160,547 shares of the electronics maker's stock after selling 7,925 shares during the period. Rhumbline Advisers owned approximately 0.30% of Sanmina worth $12,230,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Sanmina by 32.4% in the 4th quarter. JPMorgan Chase & Co. now owns 675,191 shares of the electronics maker's stock valued at $51,092,000 after buying an additional 165,285 shares during the period. Squarepoint Ops LLC raised its holdings in shares of Sanmina by 60.0% in the 4th quarter. Squarepoint Ops LLC now owns 40,546 shares of the electronics maker's stock valued at $3,068,000 after buying an additional 15,197 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Sanmina in the 4th quarter valued at $2,644,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Sanmina by 9.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 106,247 shares of the electronics maker's stock valued at $8,018,000 after buying an additional 8,962 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Sanmina by 24.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,000 shares of the electronics maker's stock valued at $454,000 after buying an additional 1,164 shares during the period. Institutional investors and hedge funds own 92.71% of the company's stock.

Sanmina Stock Down 0.6%

NASDAQ SANM traded down $0.49 during trading hours on Wednesday, hitting $87.78. 359,950 shares of the company were exchanged, compared to its average volume of 406,255. The company has a 50 day moving average of $80.30 and a two-hundred day moving average of $80.26. The company has a quick ratio of 1.30, a current ratio of 2.06 and a debt-to-equity ratio of 0.12. Sanmina Co. has a 52-week low of $61.52 and a 52-week high of $91.12. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 1.29 and a beta of 1.14.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The electronics maker reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.03. Sanmina had a return on equity of 10.61% and a net margin of 2.99%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the business earned $1.30 EPS. Sanmina's revenue was up 8.1% on a year-over-year basis. Equities research analysts anticipate that Sanmina Co. will post 5.15 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on SANM. Bank of America boosted their price objective on Sanmina from $95.00 to $100.00 and gave the company a "neutral" rating in a report on Monday. Wall Street Zen upgraded Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th.

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.