Diamond Hill Capital Management Inc. Has $760,000 Stake in Sanmina Co. (NASDAQ:SANM)

Diamond Hill Capital Management Inc. trimmed its position in shares of Sanmina Co. (NASDAQ:SANM) by 11.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,105 shares of the electronics maker’s stock after selling 1,366 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Sanmina were worth $760,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SANM. American Century Companies Inc. raised its stake in shares of Sanmina by 14.0% in the 2nd quarter. American Century Companies Inc. now owns 875,132 shares of the electronics maker’s stock valued at $57,977,000 after acquiring an additional 107,474 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Sanmina by 8.0% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,168,289 shares of the electronics maker’s stock valued at $77,399,000 after purchasing an additional 86,492 shares during the period. Bank of New York Mellon Corp boosted its stake in Sanmina by 11.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 578,458 shares of the electronics maker’s stock valued at $38,323,000 after buying an additional 59,849 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Sanmina by 64.8% in the 1st quarter. Janus Henderson Group PLC now owns 134,807 shares of the electronics maker’s stock valued at $8,381,000 after buying an additional 52,995 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Sanmina by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 7,154,640 shares of the electronics maker’s stock valued at $444,876,000 after buying an additional 45,918 shares in the last quarter. 92.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SANM. Craig Hallum upped their price target on shares of Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th.

Sanmina Price Performance

Shares of SANM stock opened at $83.38 on Tuesday. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 1.34 and a beta of 0.89. Sanmina Co. has a 12 month low of $47.03 and a 12 month high of $86.05. The company has a quick ratio of 1.27, a current ratio of 2.05 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $68.68 and a 200 day moving average price of $68.08.

Sanmina (NASDAQ:SANM) last released its earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the company posted $1.20 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. Research analysts expect that Sanmina Co. will post 5.07 EPS for the current year.

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.