Global Alpha Capital Management Ltd. decreased its position in Sanmina Corporation (NASDAQ:SANM – Free Report) by 30.8% during the 4th quarter, Holdings Channel reports. The firm owned 564,632 shares of the electronics maker’s stock after selling 251,259 shares during the quarter. Sanmina makes up 5.2% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 2nd biggest holding. Global Alpha Capital Management Ltd.’s holdings in Sanmina were worth $84,734,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Optiver Holding B.V. grew its holdings in shares of Sanmina by 36.6% in the 3rd quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 59 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Sanmina in the 3rd quarter worth about $26,000. Employees Retirement System of Texas bought a new stake in shares of Sanmina in the 4th quarter worth about $39,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Sanmina by 182.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock worth $51,000 after purchasing an additional 219 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Sanmina by 88.6% in the 3rd quarter. Federated Hermes Inc. now owns 464 shares of the electronics maker’s stock worth $53,000 after purchasing an additional 218 shares during the last quarter. Institutional investors own 92.71% of the company’s stock.
Sanmina Stock Performance
Shares of SANM stock opened at $252.08 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.03 and a current ratio of 1.71. The company has a market capitalization of $13.51 billion, a P/E ratio of 53.29, a price-to-earnings-growth ratio of 0.97 and a beta of 1.54. The company’s 50 day moving average price is $201.68 and its two-hundred day moving average price is $168.74. Sanmina Corporation has a 52 week low of $85.66 and a 52 week high of $288.68.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. Susquehanna assumed coverage on shares of Sanmina in a report on Wednesday, April 1st. They set a “neutral” rating and a $135.00 price objective on the stock. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings raised shares of Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. assumed coverage on shares of Sanmina in a report on Monday, March 30th. They set a “neutral” rating and a $145.00 price objective on the stock. Finally, Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $150.00.
Read Our Latest Stock Analysis on Sanmina
Insider Activity
In other Sanmina news, CEO Jure Sola sold 118,368 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $228.84, for a total transaction of $27,087,333.12. Following the sale, the chief executive officer directly owned 1,227,573 shares in the company, valued at approximately $280,917,805.32. This trade represents a 8.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David V. Hedley III sold 500 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $219.52, for a total transaction of $109,760.00. Following the sale, the director owned 7,376 shares in the company, valued at $1,619,179.52. This trade represents a 6.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 156,509 shares of company stock worth $35,699,476. Corporate insiders own 3.10% of the company’s stock.
Sanmina Company Profile
Sanmina Corporation is a leading global electronics manufacturing services (EMS) provider specializing in the design, production and end-to-end supply chain solutions for complex electronic products. Founded in 1980, the company has built a reputation for delivering high-reliability manufacturing across a wide range of industries, including communications, computing, aerospace and defense, medical, automotive and industrial sectors.
Sanmina’s core offerings encompass product design and engineering support, precision PCB fabrication and assembly, system integration, testing, and final system deployment.
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