Rothschild & Co. Asset Management US Inc. Has $16.33 Million Stake in Sanmina Corp (NASDAQ:SANM)

Rothschild & Co. Asset Management US Inc. trimmed its position in shares of Sanmina Corp (NASDAQ:SANM) by 4.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 539,345 shares of the electronics maker’s stock after selling 22,586 shares during the period. Rothschild & Co. Asset Management US Inc.’s holdings in Sanmina were worth $16,331,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in Sanmina during the fourth quarter worth about $24,725,000. BlackRock Inc. raised its position in Sanmina by 5.3% in the 1st quarter. BlackRock Inc. now owns 10,575,697 shares of the electronics maker’s stock valued at $305,110,000 after buying an additional 533,066 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Sanmina in the 1st quarter valued at $3,243,000. WINTON GROUP Ltd purchased a new stake in Sanmina in the 2nd quarter valued at $2,378,000. Finally, FMR LLC raised its position in Sanmina by 250.3% in the 4th quarter. FMR LLC now owns 104,677 shares of the electronics maker’s stock valued at $2,519,000 after buying an additional 74,792 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

In other news, SVP Brent Billinger sold 2,762 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $31.44, for a total transaction of $86,837.28. Following the completion of the sale, the senior vice president now directly owns 22,377 shares of the company’s stock, valued at approximately $703,532.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 5.55% of the company’s stock.

A number of research firms recently commented on SANM. Zacks Investment Research raised Sanmina from a “sell” rating to a “hold” rating in a research report on Tuesday. TheStreet raised Sanmina from a “c+” rating to a “b-” rating in a research report on Tuesday, April 30th. Finally, BidaskClub raised Sanmina from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Sanmina has a consensus rating of “Hold” and a consensus price target of $33.00.

Shares of Sanmina stock traded down $0.45 during trading hours on Wednesday, hitting $29.16. 2,727 shares of the company’s stock traded hands, compared to its average volume of 434,377. Sanmina Corp has a 12-month low of $22.30 and a 12-month high of $34.71. The stock has a market capitalization of $2.14 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 0.87 and a beta of 1.33. The stock’s fifty day moving average is $30.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.64 and a quick ratio of 1.14.

Sanmina (NASDAQ:SANM) last announced its earnings results on Monday, July 29th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. Sanmina had a return on equity of 13.98% and a net margin of 1.55%. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the firm posted $0.55 EPS. The business’s revenue was up 11.8% compared to the same quarter last year. Sell-side analysts anticipate that Sanmina Corp will post 2.98 earnings per share for the current fiscal year.

Sanmina Company 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.

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Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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