Amalgamated Bank Sells 914 Shares of Sanmina Co. (NASDAQ:SANM)

Amalgamated Bank decreased its stake in Sanmina Co. (NASDAQ:SANM) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,018 shares of the electronics maker’s stock after selling 914 shares during the period. Amalgamated Bank’s holdings in Sanmina were worth $1,096,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in shares of Sanmina by 108.4% in the 2nd quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 257 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Sanmina by 24.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker’s stock worth $56,000 after buying an additional 164 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Sanmina in the second quarter valued at $116,000. CWM LLC lifted its position in shares of Sanmina by 40.5% during the 3rd quarter. CWM LLC now owns 1,781 shares of the electronics maker’s stock valued at $122,000 after buying an additional 513 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Sanmina by 16.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,129 shares of the electronics maker’s stock worth $146,000 after acquiring an additional 299 shares during the period. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Sanmina Price Performance

SANM stock opened at $78.59 on Thursday. The firm has a 50 day moving average of $69.24 and a 200-day moving average of $68.35. The firm has a market capitalization of $4.29 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 1.36 and a beta of 0.89. Sanmina Co. has a 12 month low of $48.24 and a 12 month high of $86.05. The company has a current ratio of 2.05, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, November 4th. The electronics maker reported $1.43 EPS for the quarter, beating the consensus estimate of $1.36 by $0.07. The firm had revenue of $2.02 billion during 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 business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $1.20 EPS. As a group, sell-side analysts predict that Sanmina Co. will post 4.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SANM has been the topic of several recent research reports. Craig Hallum upped their price objective on shares of Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th.

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.