Everence Capital Management Inc. Sells 5,150 Shares of Sanmina Co. (NASDAQ:SANM)

Everence Capital Management Inc. reduced its holdings in shares of Sanmina Co. (NASDAQ:SANM) by 39.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,940 shares of the electronics maker’s stock after selling 5,150 shares during the period. Everence Capital Management Inc.’s holdings in Sanmina were worth $601,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. FMR LLC increased its stake in shares of Sanmina by 5.0% in the 3rd quarter. FMR LLC now owns 1,715,767 shares of the electronics maker’s stock worth $117,444,000 after purchasing an additional 82,409 shares in the last quarter. Geode Capital Management LLC increased its position in Sanmina by 2.4% in the third quarter. Geode Capital Management LLC now owns 1,515,128 shares of the electronics maker’s stock worth $103,727,000 after buying an additional 35,622 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Sanmina by 6.4% in the third quarter. Franklin Resources Inc. now owns 1,319,768 shares of the electronics maker’s stock worth $89,018,000 after buying an additional 79,565 shares during the period. D. E. Shaw & Co. Inc. lifted its position in shares of Sanmina by 8.0% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,168,289 shares of the electronics maker’s stock valued at $77,399,000 after buying an additional 86,492 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. grew its stake in shares of Sanmina by 19.4% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 922,391 shares of the electronics maker’s stock valued at $63,138,000 after acquiring an additional 149,600 shares during the period. 92.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. 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 report on Tuesday, November 5th. StockNews.com raised shares of Sanmina from a “hold” rating to a “buy” rating in a report on Thursday, November 21st.

Sanmina Stock Up 1.1 %

NASDAQ SANM opened at $76.30 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.25 and a debt-to-equity ratio of 0.13. Sanmina Co. has a 12 month low of $48.83 and a 12 month high of $86.05. The stock’s 50 day moving average is $77.73 and its 200 day moving average is $71.59. The stock has a market cap of $4.11 billion, a PE ratio of 19.51, a P/E/G ratio of 1.35 and a beta of 0.91.

Sanmina (NASDAQ:SANM) last released 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 firm had revenue of $2.02 billion for 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 company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 earnings per share. Research analysts predict that Sanmina Co. will post 4.84 EPS for the current fiscal year.

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.