Segall Bryant & Hamill LLC Trims Stock Position in Sanmina Co. (NASDAQ:SANM)

Segall Bryant & Hamill LLC trimmed its stake in shares of Sanmina Co. (NASDAQ:SANM) by 74.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,104 shares of the electronics maker’s stock after selling 63,709 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Sanmina were worth $1,513,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Janus Henderson Group PLC lifted its holdings in shares of Sanmina by 64.8% during the first quarter. Janus Henderson Group PLC now owns 134,807 shares of the electronics maker’s stock worth $8,381,000 after purchasing an additional 52,995 shares during the period. Atria Investments Inc purchased a new position in Sanmina during the 1st quarter worth $1,005,000. Oppenheimer Asset Management Inc. raised its position in Sanmina by 40.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 34,692 shares of the electronics maker’s stock worth $2,298,000 after buying an additional 10,000 shares during the last quarter. Caxton Associates LP lifted its stake in shares of Sanmina by 365.9% in the 2nd quarter. Caxton Associates LP now owns 22,276 shares of the electronics maker’s stock worth $1,476,000 after acquiring an additional 17,495 shares during the period. Finally, Aristides Capital LLC purchased a new stake in shares of Sanmina in the second quarter valued at about $267,000. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Sanmina Stock Performance

Shares of SANM opened at $79.41 on Friday. The company has a quick ratio of 1.32, a current ratio of 2.05 and a debt-to-equity ratio of 0.13. Sanmina Co. has a 52-week low of $48.83 and a 52-week high of $86.05. The company has a 50-day simple moving average of $71.27 and a 200-day simple moving average of $69.15. The company has a market capitalization of $4.34 billion, a PE ratio of 20.31, a P/E/G ratio of 1.34 and a beta of 0.89.

Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company posted $1.20 earnings per share. Equities research analysts predict that Sanmina Co. will post 4.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on SANM shares. Craig Hallum increased their price target on shares of Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. StockNews.com raised Sanmina from a “hold” rating to a “buy” rating in a report on Thursday.

Sanmina Company Profile

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.