Cwm LLC Acquires 5,078 Shares of Sanmina Co. (NASDAQ:SANM)

Cwm LLC grew its holdings in shares of Sanmina Co. (NASDAQ:SANM) by 1,275.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,476 shares of the electronics maker’s stock after buying an additional 5,078 shares during the period. Cwm LLC’s holdings in Sanmina were worth $340,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SANM. UBS Group AG raised its position in shares of Sanmina by 5.5% in the 3rd quarter. UBS Group AG now owns 144,394 shares of the electronics maker’s stock worth $7,838,000 after purchasing an additional 7,469 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of Sanmina in the 3rd quarter worth about $497,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Sanmina in the 3rd quarter worth about $334,000. Envestnet Asset Management Inc. raised its position in shares of Sanmina by 56.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 214,852 shares of the electronics maker’s stock worth $11,662,000 after purchasing an additional 77,889 shares during the last quarter. Finally, FMR LLC raised its position in Sanmina by 498.3% in the 3rd quarter. FMR LLC now owns 489,308 shares of the electronics maker’s stock worth $26,560,000 after buying an additional 407,528 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Craig Hallum reissued a “hold” rating and issued a $62.00 target price on shares of Sanmina in a research report on Tuesday, April 30th. StockNews.com raised Sanmina from a “hold” rating to a “buy” rating in a research report on Monday, May 27th. Finally, Fox Advisors assumed coverage on Sanmina in a research report on Wednesday, March 6th. They issued an “overweight” rating and a $80.00 target price for the company.

Insider Buying and Selling at Sanmina

In other Sanmina news, Director Eugene A. Delaney sold 7,181 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $64.91, for a total transaction of $466,118.71. Following the completion of the sale, the director now directly owns 100,887 shares in the company, valued at approximately $6,548,575.17. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Eugene A. Delaney sold 7,181 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $64.91, for a total value of $466,118.71. Following the completion of the sale, the director now directly owns 100,887 shares of the company’s stock, valued at approximately $6,548,575.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alan Mcwilliams Reid sold 3,528 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $65.43, for a total transaction of $230,837.04. Following the completion of the sale, the executive vice president now directly owns 37,651 shares of the company’s stock, valued at $2,463,504.93. The disclosure for this sale can be found here. Corporate insiders own 3.09% of the company’s stock.

Sanmina Trading Up 0.9 %

Sanmina stock opened at $67.04 on Friday. The business has a 50-day simple moving average of $64.71 and a two-hundred day simple moving average of $59.65. The company has a market cap of $3.74 billion, a P/E ratio of 15.85, a P/E/G ratio of 1.43 and a beta of 0.95. Sanmina Co. has a 52-week low of $43.40 and a 52-week high of $69.80. The company has a quick ratio of 1.25, a current ratio of 2.00 and a debt-to-equity ratio of 0.13.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, April 29th. The electronics maker reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.21. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sanmina had a return on equity of 11.98% and a net margin of 3.11%. The business’s quarterly revenue was down 20.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.37 EPS. Analysts predict that Sanmina Co. will post 4.86 EPS for the current 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.