Charles Schwab Investment Management Inc. Purchases 13,120 Shares of Sanmina Co. (NASDAQ:SANM)

Charles Schwab Investment Management Inc. raised its position in Sanmina Co. (NASDAQ:SANM - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 583,257 shares of the electronics maker's stock after buying an additional 13,120 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.03% of Sanmina worth $29,962,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Sanmina by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,977,925 shares of the electronics maker's stock valued at $378,762,000 after buying an additional 33,635 shares during the last quarter. Earnest Partners LLC lifted its position in shares of Sanmina by 19.1% during the third quarter. Earnest Partners LLC now owns 1,182,552 shares of the electronics maker's stock worth $64,189,000 after purchasing an additional 189,832 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Sanmina by 11.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 542,386 shares of the electronics maker's stock worth $27,862,000 after purchasing an additional 55,605 shares during the last quarter. FMR LLC lifted its position in shares of Sanmina by 498.3% during the third quarter. FMR LLC now owns 489,308 shares of the electronics maker's stock worth $26,560,000 after purchasing an additional 407,528 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Sanmina by 60.0% during the third quarter. New York State Common Retirement Fund now owns 367,621 shares of the electronics maker's stock worth $19,954,000 after purchasing an additional 137,922 shares during the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sanmina

In other Sanmina news, EVP Alan Mcwilliams Reid sold 3,528 shares of the firm's stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $65.43, for a total value of $230,837.04. Following the sale, the executive vice president now owns 37,651 shares in the company, valued at $2,463,504.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Sanmina news, Director Eugene A. Delaney sold 7,181 shares of the firm'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 sale, the director now owns 100,887 shares in the company, valued at $6,548,575.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alan Mcwilliams Reid sold 3,528 shares of the firm's stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $65.43, for a total transaction of $230,837.04. Following the completion of the sale, the executive vice president now owns 37,651 shares in the company, valued at approximately $2,463,504.93. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,103 shares of company stock worth $720,600. 3.09% of the stock is owned by company insiders.

Sanmina Stock Performance

NASDAQ SANM traded down $1.34 during trading hours on Thursday, reaching $66.76. The company's stock had a trading volume of 291,240 shares, compared to its average volume of 471,178. The company has a current ratio of 2.00, a quick ratio of 1.25 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $61.76 and a 200 day simple moving average of $56.92. Sanmina Co. has a 52 week low of $43.40 and a 52 week high of $69.69. The stock has a market cap of $3.73 billion, a PE ratio of 15.93, a PEG ratio of 1.43 and a beta of 1.01.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its earnings results on Monday, April 29th. The electronics maker reported $1.30 earnings per share (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 firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter last year, the company posted $1.37 earnings per share. Sanmina's revenue was down 20.9% on a year-over-year basis. Equities research analysts predict that Sanmina Co. will post 4.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

SANM has been the topic of several research analyst reports. Craig Hallum reaffirmed a "hold" rating and set a $62.00 price target on shares of Sanmina in a research report on Tuesday, April 30th. Fox Advisors initiated coverage on shares of Sanmina in a research report on Wednesday, March 6th. They set an "overweight" rating and a $80.00 price target on the stock.

Sanmina Company 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.