Victory Capital Management Inc. Has $26.44 Million Holdings in Sanmina Co. (NASDAQ:SANM)

Victory Capital Management Inc. cut its holdings in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 514,594 shares of the electronics maker's stock after selling 21,912 shares during the period. Victory Capital Management Inc. owned 0.91% of Sanmina worth $26,435,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SANM. Blue Trust Inc. boosted its holdings in 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 acquiring an additional 428 shares in the last quarter. CI Investments Inc. increased its stake in Sanmina by 3,686.4% during the 3rd quarter. CI Investments Inc. now owns 3,067 shares of the electronics maker's stock valued at $166,000 after purchasing an additional 2,986 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Sanmina during the 3rd quarter valued at approximately $232,000. Headlands Technologies LLC raised its holdings in shares of Sanmina by 5.1% in the fourth quarter. Headlands Technologies LLC now owns 4,511 shares of the electronics maker's stock worth $232,000 after buying an additional 217 shares during the last quarter. Finally, Duality Advisers LP acquired a new stake in shares of Sanmina during the third quarter worth $239,000. Hedge funds and other institutional investors own 92.71% of the company's stock.

Analyst Ratings Changes

SANM has been the subject of a number of research analyst reports. Craig Hallum restated a "hold" rating and issued a $62.00 target price on shares of Sanmina in a research note on Tuesday, April 30th. Fox Advisors started coverage on Sanmina in a research report on Wednesday, March 6th. They issued an "overweight" rating and a $80.00 target price on the stock.

Sanmina Stock Performance

Shares of SANM traded up $0.49 during mid-day trading on Wednesday, reaching $64.64. The company had a trading volume of 267,697 shares, compared to its average volume of 491,216. The stock has a 50 day moving average of $61.51 and a two-hundred day moving average of $55.87. The company has a quick ratio of 1.25, a current ratio of 2.00 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.58 billion, a P/E ratio of 15.28, a PEG ratio of 0.94 and a beta of 1.01. 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 posted its earnings results on Monday, April 29th. The electronics maker reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.21. Sanmina had a net margin of 3.11% and a return on equity of 11.98%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the firm earned $1.37 EPS. The business's quarterly revenue was down 20.9% on a year-over-year basis. On average, analysts expect that Sanmina Co. will post 4.86 earnings per share for the current year.

Insider Activity at Sanmina

In other news, Director Susan A. Johnson sold 1,000 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 7,811 shares in the company, valued at $473,659.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.09% of the stock is owned by company insiders.

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.