Skyline Asset Management LP Has $10.96 Million Stake in Sanmina Corp (NASDAQ:SANM)

Skyline Asset Management LP trimmed its stake in shares of Sanmina Corp (NASDAQ:SANM) by 31.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 379,710 shares of the electronics maker’s stock after selling 173,800 shares during the period. Sanmina comprises about 1.9% of Skyline Asset Management LP’s portfolio, making the stock its 18th largest position. Skyline Asset Management LP owned about 0.55% of Sanmina worth $10,955,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Sanmina by 3.0% in the 4th quarter. BlackRock Inc. now owns 10,042,631 shares of the electronics maker’s stock valued at $241,626,000 after buying an additional 293,968 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Sanmina by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 6,722,381 shares of the electronics maker’s stock valued at $185,538,000 after buying an additional 93,242 shares in the last quarter. Vanguard Group Inc raised its position in shares of Sanmina by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 6,722,381 shares of the electronics maker’s stock valued at $185,538,000 after buying an additional 93,242 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of Sanmina by 8.7% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 3,072,002 shares of the electronics maker’s stock valued at $73,912,000 after buying an additional 247,128 shares in the last quarter. Finally, Earnest Partners LLC increased its position in Sanmina by 0.6% during the 3rd quarter. Earnest Partners LLC now owns 3,013,974 shares of the electronics maker’s stock worth $83,186,000 after purchasing an additional 17,034 shares in the last quarter. Institutional investors and hedge funds own 92.79% of the company’s stock.

SANM opened at $29.64 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.86 and a current ratio of 1.27. Sanmina Corp has a fifty-two week low of $22.30 and a fifty-two week high of $33.90. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 0.94 and a beta of 1.05.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, January 28th. The electronics maker reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.12. Sanmina had a net margin of 1.35% and a return on equity of 11.86%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period in the prior year, the firm posted $0.48 EPS. The company’s quarterly revenue was up 25.4% on a year-over-year basis. Equities research analysts forecast that Sanmina Corp will post 2.82 EPS for the current fiscal year.

In related news, insider Jure Sola sold 200,000 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $32.14, for a total transaction of $6,428,000.00. Following the transaction, the insider now owns 787,592 shares in the company, valued at approximately $25,313,206.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brent Billinger sold 1,500 shares of the business’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $32.79, for a total transaction of $49,185.00. Following the transaction, the senior vice president now owns 25,139 shares in the company, valued at approximately $824,307.81. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 238,126 shares of company stock worth $7,654,959. Insiders own 5.55% of the company’s stock.

A number of equities analysts recently issued reports on the stock. BidaskClub upgraded shares of Sanmina from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Royal Bank of Canada upped their price objective on shares of Sanmina to $33.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Sanmina presently has an average rating of “Hold” and a consensus price target of $34.00.

TRADEMARK VIOLATION WARNING: “Skyline Asset Management LP Has $10.96 Million Stake in Sanmina Corp (NASDAQ:SANM)” was reported by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.baseballdailydigest.com/news/2019/04/27/sanmina-corp-sanm-holdings-cut-by-skyline-asset-management-lp.html.

Sanmina Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two segments, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, and manufacturing design release; manufacturing solutions of components, subassemblies, and complete systems; final system assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services.

Recommended Story: What are different types of coverage ratios?

Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

Receive News & Ratings for Sanmina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanmina and related companies with MarketBeat.com's FREE daily email newsletter.