Crossmark Global Holdings Inc. Sells 162 Shares of Sanmina Co. (NASDAQ:SANM)

Crossmark Global Holdings Inc. lessened its position in shares of Sanmina Co. (NASDAQ:SANM) by 4.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,927 shares of the electronics maker’s stock after selling 162 shares during the period. Crossmark Global Holdings Inc.’s holdings in Sanmina were worth $268,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SANM. SG Americas Securities LLC bought a new position in Sanmina during the first quarter worth $404,000. Russell Investments Group Ltd. raised its stake in Sanmina by 107.5% during the first quarter. Russell Investments Group Ltd. now owns 37,341 shares of the electronics maker’s stock worth $2,322,000 after buying an additional 19,349 shares during the last quarter. ProShare Advisors LLC raised its stake in Sanmina by 4.5% during the first quarter. ProShare Advisors LLC now owns 11,621 shares of the electronics maker’s stock worth $723,000 after buying an additional 496 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in Sanmina by 20.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 19,972 shares of the electronics maker’s stock worth $1,218,000 after buying an additional 3,394 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Sanmina by 0.6% during the first quarter. Vanguard Group Inc. now owns 7,154,640 shares of the electronics maker’s stock worth $444,876,000 after buying an additional 45,918 shares during the last quarter. Institutional investors own 92.71% of the company’s stock.

Sanmina Trading Down 0.9 %

SANM opened at $76.96 on Monday. Sanmina Co. has a 1-year low of $48.58 and a 1-year 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. The company has a market cap of $4.21 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 1.30 and a beta of 0.89. The company has a fifty day moving average price of $69.97 and a two-hundred day moving average price of $68.63.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, November 4th. The electronics maker reported $1.43 EPS for the quarter, topping the consensus estimate of $1.36 by $0.07. The company 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 firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.20 earnings per share. Analysts predict that Sanmina Co. will post 4.84 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on SANM shares. StockNews.com raised shares of Sanmina from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th. Craig Hallum lifted their price target on shares of Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th.

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.