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

Connor Clark & Lunn Investment Management Ltd. lowered its holdings in Sanmina Co. (NASDAQ:SANM) by 81.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,961 shares of the electronics maker’s stock after selling 90,618 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Sanmina were worth $1,435,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SANM. CANADA LIFE ASSURANCE Co boosted its position in Sanmina by 2.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 50,429 shares of the electronics maker’s stock worth $3,133,000 after acquiring an additional 1,260 shares during the period. Price T Rowe Associates Inc. MD grew its position in Sanmina by 4.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 39,120 shares of the electronics maker’s stock valued at $2,433,000 after purchasing an additional 1,845 shares in the last quarter. Janus Henderson Group PLC increased its stake in Sanmina by 64.8% in the 1st quarter. Janus Henderson Group PLC now owns 134,807 shares of the electronics maker’s stock valued at $8,381,000 after buying an additional 52,995 shares during the period. EMC Capital Management lifted its position in Sanmina by 28.3% in the 1st quarter. EMC Capital Management now owns 9,420 shares of the electronics maker’s stock worth $586,000 after buying an additional 2,078 shares in the last quarter. Finally, Delphi Management Inc. MA boosted its stake in shares of Sanmina by 3.4% during the 1st quarter. Delphi Management Inc. MA now owns 9,932 shares of the electronics maker’s stock valued at $618,000 after buying an additional 322 shares during the period. Institutional investors and hedge funds own 92.71% of the company’s stock.

Analyst Upgrades and Downgrades

SANM has been the subject of several recent research reports. Craig Hallum increased their price objective on 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 research note on Thursday, November 21st.

Sanmina Stock Down 0.6 %

Sanmina stock opened at $78.33 on Wednesday. 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 Co. has a 1-year low of $48.83 and a 1-year high of $86.05. The firm’s fifty day simple moving average is $71.69 and its 200-day simple moving average is $69.40. The company has a market capitalization of $4.28 billion, a P/E ratio of 20.03, a P/E/G ratio of 1.34 and a beta of 0.89.

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

Sanmina 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.