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

State of Wyoming cut its position in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 83.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 738 shares of the electronics maker's stock after selling 3,758 shares during the quarter. State of Wyoming's holdings in Sanmina were worth $56,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SANM. Norges Bank purchased a new position in shares of Sanmina in the 4th quarter worth approximately $48,823,000. Franklin Resources Inc. boosted its position in Sanmina by 39.6% in the fourth quarter. Franklin Resources Inc. now owns 1,842,302 shares of the electronics maker's stock worth $139,407,000 after purchasing an additional 522,534 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in Sanmina in the fourth quarter worth $34,868,000. FMR LLC grew its stake in Sanmina by 14.2% in the 4th quarter. FMR LLC now owns 1,959,025 shares of the electronics maker's stock valued at $148,239,000 after purchasing an additional 243,258 shares during the period. Finally, JPMorgan Chase & Co. increased 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 valued at $51,092,000 after purchasing an additional 165,285 shares during the last quarter. 92.71% of the stock is owned by institutional investors.

Sanmina Stock Performance

NASDAQ SANM traded up $0.47 on Friday, hitting $84.42. 674,691 shares of the stock traded hands, compared to its average volume of 401,703. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 2.06. The business's fifty day moving average is $78.59 and its two-hundred day moving average is $79.77. Sanmina Co. has a 12 month low of $61.52 and a 12 month high of $91.12. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 1.29 and a beta of 1.10.

Sanmina (NASDAQ:SANM - Get Free Report) last posted 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 during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the company earned $1.30 EPS. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts anticipate that Sanmina Co. will post 5.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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 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.