State of Wyoming Sells 3,758 Shares of Sanmina Co. (NASDAQ:SANM)

State of Wyoming lessened its holdings in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 83.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 738 shares of the electronics maker's stock after selling 3,758 shares during the period. State of Wyoming's holdings in Sanmina were worth $56,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SANM. Barclays PLC boosted its position in shares of Sanmina by 296.3% during the 3rd quarter. Barclays PLC now owns 92,863 shares of the electronics maker's stock worth $6,358,000 after acquiring an additional 69,431 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Sanmina by 32.4% during the 4th quarter. JPMorgan Chase & Co. now owns 675,191 shares of the electronics maker's stock worth $51,092,000 after acquiring an additional 165,285 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Sanmina by 6.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,200 shares of the electronics maker's stock worth $166,000 after acquiring an additional 125 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Sanmina during the 4th quarter worth approximately $2,644,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Sanmina by 9.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 106,247 shares of the electronics maker's stock worth $8,018,000 after acquiring an additional 8,962 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th.

Sanmina Price Performance

Sanmina stock traded up $1.29 during mid-day trading on Monday, reaching $85.98. The company had a trading volume of 625,868 shares, compared to its average volume of 402,698. Sanmina Co. has a fifty-two week low of $61.52 and a fifty-two week high of $91.12. The company has a current ratio of 2.06, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. The company has a market cap of $4.60 billion, a P/E ratio of 21.02, a P/E/G ratio of 1.29 and a beta of 1.10. The business has a fifty day simple moving average of $78.85 and a 200 day simple moving average of $79.88.

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

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.