Los Angeles Capital Management LLC Has $203,000 Position in Sanmina Co. (NASDAQ:SANM)

Los Angeles Capital Management LLC lessened its holdings in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 89.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,943 shares of the electronics maker's stock after selling 33,479 shares during the period. Los Angeles Capital Management LLC's holdings in Sanmina were worth $203,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of Sanmina by 21.2% in the 4th quarter. Blue Trust Inc. now owns 2,448 shares of the electronics maker's stock worth $133,000 after acquiring an additional 428 shares during the period. CI Investments Inc. grew its holdings in 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 purchasing an additional 2,986 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Sanmina in the third quarter valued at $232,000. Headlands Technologies LLC increased its position 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 in the last quarter. Finally, Duality Advisers LP acquired a new position in shares of Sanmina during the 3rd quarter worth $239,000. Hedge funds and other institutional investors own 92.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Fox Advisors initiated coverage on shares of Sanmina in a report on Wednesday, March 6th. They set an "overweight" rating and a $80.00 target price for the company. Craig Hallum reiterated a "hold" rating and issued a $62.00 price target on shares of Sanmina in a research report on Tuesday, April 30th.

Sanmina Price Performance

Sanmina stock traded up $0.79 during midday trading on Tuesday, reaching $65.71. 267,369 shares of the company were exchanged, compared to its average volume of 481,379. The firm's 50-day simple moving average is $61.53 and its 200-day simple moving average is $56.21. Sanmina Co. has a 1 year low of $43.40 and a 1 year high of $69.69. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 0.99 and a beta of 1.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.25 and a current ratio of 2.00.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its quarterly earnings results on Monday, April 29th. The electronics maker reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.21. Sanmina had a net margin of 3.11% and a return on equity of 11.98%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the firm posted $1.37 earnings per share. The company's quarterly revenue was down 20.9% compared to the same quarter last year. On average, analysts anticipate that Sanmina Co. will post 4.86 EPS for the current year.

Insider Activity

In related news, Director Susan A. Johnson sold 1,000 shares of the 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 transaction, 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 is accessible through this link. In related news, Director Eugene A. Delaney sold 7,181 shares of the business's stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $64.91, for a total value of $466,118.71. Following the completion of the sale, the director now directly owns 100,887 shares in the company, valued at $6,548,575.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Susan A. Johnson sold 1,000 shares of the company'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 transaction of $60,640.00. Following the transaction, the director now directly owns 7,811 shares of the company's stock, valued at approximately $473,659.04. The disclosure for this sale can be found here. Insiders sold a total of 8,575 shares of company stock valued at $550,403 over the last quarter. Company insiders own 3.09% of the company's stock.

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.