DekaBank Deutsche Girozentrale Sells 41,385 Shares of Sanmina Co. (NASDAQ:SANM)

DekaBank Deutsche Girozentrale lessened its stake in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 80.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,109 shares of the electronics maker's stock after selling 41,385 shares during the period. DekaBank Deutsche Girozentrale's holdings in Sanmina were worth $527,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SANM. Farther Finance Advisors LLC raised its stake in shares of Sanmina by 1,922.0% in the second quarter. Farther Finance Advisors LLC now owns 1,011 shares of the electronics maker's stock worth $61,000 after purchasing an additional 961 shares during the last quarter. Ronald Blue Trust Inc. raised its stake in shares of Sanmina by 154.4% in the third quarter. Ronald Blue Trust Inc. now owns 2,020 shares of the electronics maker's stock worth $110,000 after purchasing an additional 1,226 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Sanmina by 21.2% in the fourth quarter. Blue Trust Inc. now owns 2,448 shares of the electronics maker's stock worth $133,000 after purchasing an additional 428 shares during the last quarter. Covestor Ltd raised its stake in shares of Sanmina by 85.8% in the first quarter. Covestor Ltd now owns 2,473 shares of the electronics maker's stock worth $100,000 after purchasing an additional 1,142 shares during the last quarter. Finally, CI Investments Inc. raised its stake in shares of Sanmina by 3,686.4% in the third quarter. CI Investments Inc. now owns 3,067 shares of the electronics maker's stock worth $166,000 after purchasing an additional 2,986 shares during the last quarter. Institutional investors own 92.71% of the company's stock.

Analysts Set New Price Targets

Separately, Fox Advisors began coverage on Sanmina in a research note on Wednesday, March 6th. They issued an "overweight" rating and a $80.00 price target for the company.

Sanmina Stock Performance

Sanmina stock traded down $0.42 during mid-day trading on Tuesday, reaching $57.91. 222,131 shares of the stock traded hands, compared to its average volume of 507,059. The stock has a market capitalization of $3.29 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 0.92 and a beta of 1.04. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.99 and a quick ratio of 1.23. Sanmina Co. has a 12-month low of $43.40 and a 12-month high of $69.69. The business's 50-day moving average is $61.19 and its 200-day moving average is $54.95.

Sanmina (NASDAQ:SANM - Get Free Report) last posted its quarterly earnings data on Monday, January 29th. The electronics maker reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.08. The company 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%. Sanmina's revenue for the quarter was down 20.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.49 earnings per share. As a group, sell-side analysts predict that Sanmina Co. will post 4.7 EPS for the current fiscal year.

Insider Activity at Sanmina

In other Sanmina news, Director Susan A. Johnson sold 1,000 shares of the business's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $60.64, for a total transaction of $60,640.00. Following the completion of the sale, the director now owns 7,811 shares of the company's stock, valued at $473,659.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.09% of the stock is 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.