Allianz Asset Management GmbH trimmed its holdings in shares of Sanmina Corp (NASDAQ:SANM) by 75.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 267,644 shares of the electronics maker’s stock after selling 805,513 shares during the period. Allianz Asset Management GmbH’s holdings in Sanmina were worth $8,832,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. OppenheimerFunds Inc. boosted its stake in Sanmina by 17.9% during the 4th quarter. OppenheimerFunds Inc. now owns 148,588 shares of the electronics maker’s stock valued at $4,903,000 after purchasing an additional 22,560 shares during the last quarter. Employees Retirement System of Texas purchased a new stake in Sanmina during the 4th quarter valued at $891,000. Systematic Financial Management LP boosted its stake in Sanmina by 10.0% during the 4th quarter. Systematic Financial Management LP now owns 43,895 shares of the electronics maker’s stock valued at $1,449,000 after purchasing an additional 4,005 shares during the last quarter. Royce & Associates LP boosted its stake in Sanmina by 26.2% during the 4th quarter. Royce & Associates LP now owns 986,547 shares of the electronics maker’s stock valued at $32,556,000 after purchasing an additional 204,980 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in Sanmina by 4.7% during the 4th quarter. UBS Asset Management Americas Inc. now owns 60,341 shares of the electronics maker’s stock valued at $1,991,000 after purchasing an additional 2,711 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.
In other news, Director Joseph G. Licata, Jr. sold 18,444 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $27.49, for a total value of $507,025.56. Following the transaction, the director now directly owns 48,787 shares in the company, valued at approximately $1,341,154.63. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Wayne Shortridge sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $27.01, for a total value of $135,050.00. The disclosure for this sale can be found here. Company insiders own 5.12% of the company’s stock.
Sanmina Corp (NASDAQ SANM) opened at $28.55 on Wednesday. The stock has a market capitalization of $2,041.20, a price-to-earnings ratio of -30.05, a PEG ratio of 1.39 and a beta of 0.63. Sanmina Corp has a 52 week low of $24.60 and a 52 week high of $42.95. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.26.
Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, January 29th. The electronics maker reported $0.48 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.48. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.74 billion. Sanmina had a positive return on equity of 11.61% and a negative net margin of 0.88%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS. research analysts predict that Sanmina Corp will post 1.72 earnings per share for the current year.
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Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides its offerings primarily to original equipment manufacturers (OEMs) in various industries, including communications networks, storage, industrial, defense and aerospace, medical and energy.
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