Citigroup Inc. lessened its position in shares of Sanmina Co. (NASDAQ:SANM – Get Rating) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,684 shares of the electronics maker’s stock after selling 2,032 shares during the quarter. Citigroup Inc. owned approximately 0.07% of Sanmina worth $2,503,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Sanmina by 0.6% during the first quarter. Vanguard Group Inc. now owns 6,977,940 shares of the electronics maker’s stock valued at $282,048,000 after buying an additional 40,223 shares during the period. State Street Corp grew its position in shares of Sanmina by 2.7% in the first quarter. State Street Corp now owns 2,558,148 shares of the electronics maker’s stock valued at $103,400,000 after purchasing an additional 67,685 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Sanmina by 216.0% in the second quarter. Goldman Sachs Group Inc. now owns 810,247 shares of the electronics maker’s stock valued at $33,002,000 after purchasing an additional 553,822 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Sanmina by 3.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 596,593 shares of the electronics maker’s stock valued at $24,115,000 after purchasing an additional 21,156 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Sanmina by 28.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 537,022 shares of the electronics maker’s stock valued at $30,766,000 after purchasing an additional 117,528 shares during the period. Institutional investors and hedge funds own 91.22% of the company’s stock.
Sanmina Stock Performance
SANM opened at $51.93 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average price is $54.91 and its 200 day moving average price is $59.22. Sanmina Co. has a twelve month low of $38.36 and a twelve month high of $69.28. The firm has a market capitalization of $3.03 billion, a PE ratio of 10.03 and a beta of 1.16.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 12th.
Sanmina Company Profile
Sanmina Corp. engages in the provision of integrated manufacturing solutions, components, products and repair, logistics and after-market services. It operates through the following segments: Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). The IMS segment consists of printed circuit board assembly and test, final system assembly and test and direct-order-fulfillment.
Read More
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