Sanmina Co. (NASDAQ:SANM) Position Raised by Vanguard Group Inc.

Vanguard Group Inc. increased its position in shares of Sanmina Co. (NASDAQ:SANM) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,108,722 shares of the electronics maker’s stock after purchasing an additional 130,797 shares during the period. Vanguard Group Inc. owned 12.52% of Sanmina worth $365,175,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SANM. Principal Securities Inc. bought a new stake in Sanmina during the fourth quarter worth approximately $64,000. Delta Asset Management LLC TN bought a new stake in Sanmina during the fourth quarter worth approximately $85,000. Quest Partners LLC bought a new stake in Sanmina during the fourth quarter worth approximately $126,000. Blue Trust Inc. raised its holdings in Sanmina by 21.2% during the fourth quarter. Blue Trust Inc. now owns 2,448 shares of the electronics maker’s stock worth $133,000 after purchasing an additional 428 shares in the last quarter. Finally, TFO Wealth Partners LLC grew its position in Sanmina by 70,240.0% in the fourth quarter. TFO Wealth Partners LLC now owns 3,517 shares of the electronics maker’s stock worth $181,000 after buying an additional 3,512 shares during the last quarter. Institutional investors own 92.71% of the company’s stock.

Insider Activity

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

Sanmina Trading Down 0.8 %

NASDAQ SANM opened at $65.44 on Friday. Sanmina Co. has a twelve month low of $43.40 and a twelve month high of $69.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.25 and a current ratio of 2.00. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 1.43 and a beta of 0.95. The firm’s 50 day moving average price is $65.33 and its two-hundred day moving average price is $60.04.

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

Analyst Upgrades and Downgrades

SANM has been the topic of several recent research reports. StockNews.com lowered shares of Sanmina from a “buy” rating to a “hold” rating in a research report on Thursday. Fox Advisors initiated coverage on shares of Sanmina in a research report on Wednesday, March 6th. They issued an “overweight” rating and a $80.00 price target on the stock. Finally, Craig Hallum restated a “hold” rating and issued a $62.00 price target on shares of Sanmina in a research report on Tuesday, April 30th.

About Sanmina

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.