South Dakota Investment Council Sells 22,000 Shares of Sanmina Co. (NASDAQ:SANM)

South Dakota Investment Council lowered its holdings in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 36.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,063 shares of the electronics maker's stock after selling 22,000 shares during the period. South Dakota Investment Council owned about 0.07% of Sanmina worth $1,955,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. increased 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 valued at $133,000 after buying an additional 428 shares during the period. CI Investments Inc. increased 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 valued at $166,000 after buying an additional 2,986 shares during the period. GW Henssler & Associates Ltd. acquired a new stake in shares of Sanmina in the third quarter valued at about $203,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Sanmina in the third quarter valued at about $232,000. Finally, Headlands Technologies LLC increased its stake in shares of Sanmina by 31.7% in the third quarter. Headlands Technologies LLC now owns 4,294 shares of the electronics maker's stock valued at $233,000 after buying an additional 1,034 shares during the period. Institutional investors and hedge funds own 92.71% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Fox Advisors assumed coverage on Sanmina in a research report on Wednesday, March 6th. They set an "overweight" rating and a $80.00 target price on the stock.

Insiders Place Their Bets

In other news, Director Susan A. Johnson sold 1,000 shares of Sanmina stock in a transaction on Friday, February 16th. The stock was 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 directly owns 7,811 shares in the company, valued at $473,659.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.09% of the company's stock.

Sanmina Stock Performance

Shares of SANM traded up $1.03 on Thursday, reaching $62.69. 367,745 shares of the company's stock traded hands, compared to its average volume of 494,981. The company has a current ratio of 1.99, a quick ratio of 1.23 and a debt-to-equity ratio of 0.14. The stock has a market cap of $3.56 billion, a PE ratio of 13.32, a PEG ratio of 0.96 and a beta of 1.04. The stock's 50 day simple moving average is $61.13 and its two-hundred day simple moving average is $55.18. Sanmina Co. has a 52-week low of $43.40 and a 52-week high of $69.69.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $1.87 billion. Sanmina had a return on equity of 13.16% and a net margin of 3.25%. Sanmina's revenue was down 20.4% on a year-over-year basis. During the same period last year, the business posted $1.49 earnings per share. On average, analysts forecast that Sanmina Co. will post 4.7 earnings per share for the current fiscal year.

About Sanmina

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.