Pacifica Partners Inc. Reduces Stock Position in Sanmina Co. (NASDAQ:SANM)

Pacifica Partners Inc. trimmed its stake in shares of Sanmina Co. (NASDAQ:SANM) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 19,313 shares of the electronics maker’s stock after selling 503 shares during the period. Pacifica Partners Inc.’s holdings in Sanmina were worth $1,457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SANM. Wealth Enhancement Advisory Services LLC raised its stake in Sanmina by 32.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,724 shares of the electronics maker’s stock valued at $357,000 after buying an additional 1,168 shares during the last quarter. Diversified Trust Co increased its position in Sanmina by 10.6% during the fourth quarter. Diversified Trust Co now owns 21,517 shares of the electronics maker’s stock valued at $1,628,000 after acquiring an additional 2,069 shares during the last quarter. GAMMA Investing LLC increased its position in Sanmina by 37.8% during the fourth quarter. GAMMA Investing LLC now owns 1,283 shares of the electronics maker’s stock valued at $97,000 after acquiring an additional 352 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Sanmina by 255.9% in the third quarter. JPMorgan Chase & Co. now owns 509,906 shares of the electronics maker’s stock valued at $34,903,000 after acquiring an additional 366,653 shares during the period. Finally, Franklin Resources Inc. boosted its position in Sanmina by 6.4% in the third quarter. Franklin Resources Inc. now owns 1,319,768 shares of the electronics maker’s stock worth $89,018,000 after purchasing an additional 79,565 shares during the last quarter. Institutional investors own 92.71% of the company’s stock.

Sanmina Stock Performance

Shares of SANM opened at $81.74 on Wednesday. Sanmina Co. has a 52 week low of $48.83 and a 52 week high of $86.05. The company has a quick ratio of 1.25, a current ratio of 1.99 and a debt-to-equity ratio of 0.13. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.35 and a beta of 0.91. The business has a 50-day simple moving average of $78.70 and a two-hundred day simple moving average of $72.24.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.07. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.96 billion. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.20 earnings per share. On average, analysts expect that Sanmina Co. will post 4.84 EPS for the current year.

Analyst Upgrades and Downgrades

SANM has been the topic of several recent research reports. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Craig Hallum lifted their price target on shares of Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th.

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.