Intech Investment Management LLC Makes New $1.30 Million Investment in Sanmina Co. (NASDAQ:SANM)

Intech Investment Management LLC purchased a new position in Sanmina Co. (NASDAQ:SANM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,666 shares of the electronics maker’s stock, valued at approximately $1,303,000.

Several other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in Sanmina in the fourth quarter worth about $21,836,000. Quest Partners LLC bought a new stake in Sanmina during the fourth quarter valued at approximately $126,000. TD Asset Management Inc increased its holdings in Sanmina by 139.9% during the fourth quarter. TD Asset Management Inc now owns 41,500 shares of the electronics maker’s stock valued at $2,132,000 after buying an additional 24,200 shares during the last quarter. Allianz Asset Management GmbH raised its position in Sanmina by 1.3% in the fourth quarter. Allianz Asset Management GmbH now owns 364,533 shares of the electronics maker’s stock worth $18,726,000 after acquiring an additional 4,767 shares during the period. Finally, TFO Wealth Partners LLC boosted its stake in shares of Sanmina by 70,240.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,517 shares of the electronics maker’s stock worth $181,000 after acquiring an additional 3,512 shares during the last quarter. Institutional investors own 92.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Sanmina from a “buy” rating to a “hold” rating in a report on Friday, July 19th.

Insider Activity at Sanmina

In other news, Director Eugene A. Delaney sold 8,688 shares of Sanmina stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $74.83, for a total transaction of $650,123.04. Following the sale, the director now owns 92,199 shares in the company, valued at $6,899,251.17. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Sanmina news, Director Eugene A. Delaney sold 8,688 shares of Sanmina stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $74.83, for a total value of $650,123.04. Following the sale, the director now directly owns 92,199 shares in the company, valued at approximately $6,899,251.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Krish A. Prabhu sold 4,803 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $67.39, for a total transaction of $323,674.17. Following the transaction, the director now directly owns 19,166 shares of the company’s stock, valued at approximately $1,291,596.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,320 shares of company stock valued at $7,294,883. 3.09% of the stock is owned by company insiders.

Sanmina Price Performance

Shares of NASDAQ:SANM opened at $69.26 on Wednesday. The company has a market capitalization of $3.86 billion, a P/E ratio of 16.37, a P/E/G ratio of 1.84 and a beta of 0.90. Sanmina Co. has a 1-year low of $43.40 and a 1-year high of $76.84. The firm’s 50 day simple moving average is $69.28 and its two-hundred day simple moving average is $65.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.03 and a quick ratio of 1.27.

Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, July 29th. The electronics maker reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.03). The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. Sanmina had a return on equity of 10.79% and a net margin of 2.93%. The company’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.37 EPS. Research analysts expect that Sanmina Co. will post 4.24 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.