Connor Clark & Lunn Investment Management Ltd. Has $1.44 Million Holdings in Sanmina Co. (NASDAQ:SANM)

Connor Clark & Lunn Investment Management Ltd. lessened its position in Sanmina Co. (NASDAQ:SANM) by 81.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,961 shares of the electronics maker’s stock after selling 90,618 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Sanmina were worth $1,435,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC increased its stake in shares of Sanmina by 64.8% in 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 bought a new position in Sanmina in the 1st quarter worth approximately $1,005,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of Sanmina by 40.5% during the second 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 boosted its position in shares of Sanmina by 365.9% in the second quarter. Caxton Associates LP now owns 22,276 shares of the electronics maker’s stock valued at $1,476,000 after acquiring an additional 17,495 shares during the period. Finally, Global Alpha Capital Management Ltd. grew its stake in shares of Sanmina by 19.4% in the third quarter. Global Alpha Capital Management Ltd. now owns 922,391 shares of the electronics maker’s stock worth $63,138,000 after acquiring an additional 149,600 shares during the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on SANM. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. 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 research report on Tuesday, November 5th.

Sanmina Stock Performance

SANM opened at $78.33 on Wednesday. The stock has a market cap of $4.28 billion, a PE ratio of 20.03, a P/E/G ratio of 1.34 and a beta of 0.89. Sanmina Co. has a 1 year low of $48.83 and a 1 year high of $86.05. The stock’s 50 day simple moving average is $71.69 and its 200-day simple moving average is $69.40. 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 data 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. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the company posted $1.20 EPS. The business’s revenue was down 1.6% on a year-over-year basis. Sell-side analysts forecast that Sanmina Co. will post 4.84 EPS for the current year.

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.