Yousif Capital Management LLC Sells 4,380 Shares of Sanmina Co. (NASDAQ:SANM)
Yousif Capital Management LLC reduced its investment in Sanmina Co. (NASDAQ:SANM - Free Report) by 11.1% during the first quarter, as stated in the company's latest report to the Securities and Exchange Commission. The firm now holds 34,957 shares of the electronics manufacturer's stock, having sold 4,380 shares during the quarter. Yousif Capital Management LLC's stake in Sanmina is valued at approximately $2,132,000, representing approximately 0.06% of the company's total worth, based on the most recent filing with the SEC.
Additional institutional investors have also increased or decreased their ownership in SANM. Motco acquired a fresh holding in Sanmina in the last quarter, with a value of approximately $32,000. Dark Forest Capital Management LP purchased new shares of Sanmina in the fourth quarter with an estimated worth of around $37,000. During the same period, National Bank of Canada FI obtained a new stake in Sanmina worth $38,000. Exchange Traded Concepts LLC bought new shares of Sanmina in the fourth quarter valued at $48,000. Lastly, Van ECK Associates Corp acquired new interests in Sanmina in the last quarter, with a value of $105,000. Hedge funds and other institutional investors collectively hold 93.55% of the company's stock.
Experts Predict Wall Street Growth
In a separate report on Friday, May 12th, StockNews.com lowered its rating on Sanmina shares from "strong-buy" to "buy".
Sanmina's Trading Up By 0.0%
On Monday, SANM stock started trading at $59.89. Over the past year, Sanmina Co.'s lowest stock price was $44.29, and its highest was $69.28. Currently, its average stock price over the past 50 days is $57.81, and its average stock price over the past 200 days is $57.85. The company is valued at $3.48 billion, with a PE ratio of 11.56 and a beta of 1.18. Its debt-to-equity ratio is 0.14, and it has a current ratio of 1.79 and a quick ratio of 1.10.
Sanmina (stock symbol: SANM) recently released its financial results for the most recent quarter on Thursday, May 11th. This technology manufacturer achieved $1.37 in earnings per share, surpassing the expected estimate of $1.35 by $0.02. The company also generated a total revenue of $2.32 billion during this period. Additionally, Sanmina displayed a net margin of 3.51% and a return on equity of 16.19%.
Sanmina announced on Thursday, May 11th that its board has commenced a program to repurchase shares, giving the company the capacity to buy back $200.00 million worth of shares. Through open market purchases, this initiative allows the electronics manufacturer to repurchase as much as 6.4% of its outstanding stock. Such plans are often indicative of the company's board of directors perceiving its stock as undervalued.
Sanmina Corporation offers comprehensive manufacturing solutions, parts, goods and services for repair, transportation, and post-sales support on a global scale. Its operations are divided into two divisions: Integrated Manufacturing Solutions, and Components, Goods and Services. The company provides services for product design and engineering, including brainstorming, meticulous design, prototype creation, validation, preproduction, design release for manufacturing, and product industrialization. It also offers assembly and testing services, direct order fulfillment and logistics services, post-sales product assistance and support, and supply chain management services. Additionally, the company manufactures components, subassemblies, and entire systems.
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