4,025 Shares in Sanmina Co. (NASDAQ:SANM) Acquired by Aristides Capital LLC

Aristides Capital LLC acquired a new stake in shares of Sanmina Co. (NASDAQ:SANM) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,025 shares of the electronics maker’s stock, valued at approximately $267,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Sanmina by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 7,154,640 shares of the electronics maker’s stock valued at $444,876,000 after buying an additional 45,918 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Sanmina by 8.0% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,168,289 shares of the electronics maker’s stock worth $77,399,000 after purchasing an additional 86,492 shares during the period. American Century Companies Inc. increased its stake in Sanmina by 14.0% during the 2nd quarter. American Century Companies Inc. now owns 875,132 shares of the electronics maker’s stock worth $57,977,000 after purchasing an additional 107,474 shares in the last quarter. Global Alpha Capital Management Ltd. raised its holdings in Sanmina by 10.2% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 747,191 shares of the electronics maker’s stock worth $46,460,000 after buying an additional 69,300 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Sanmina by 11.5% in the second quarter. Bank of New York Mellon Corp now owns 578,458 shares of the electronics maker’s stock valued at $38,323,000 after buying an additional 59,849 shares during the period. Institutional investors own 92.71% of the company’s stock.

Insider Buying and Selling

In related news, Director Krish A. Prabhu sold 4,803 shares of the firm’s 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 $1,291,596.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Jure Sola sold 82,328 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $69.67, for a total transaction of $5,735,791.76. Following the completion of the sale, the chief executive officer now owns 1,198,594 shares of the company’s stock, valued at approximately $83,506,043.98. 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 Sanmina stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $67.39, for a total transaction of $323,674.17. Following the completion of the transaction, the director now directly owns 19,166 shares in the company, valued at $1,291,596.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,320 shares of company stock valued at $7,294,883. Insiders own 3.09% of the company’s stock.

Sanmina Stock Down 0.6 %

Sanmina stock opened at $68.45 on Tuesday. The company has a fifty day simple moving average of $69.01 and a 200 day simple moving average of $66.08. The company has a current ratio of 2.03, a quick ratio of 1.27 and a debt-to-equity ratio of 0.13. Sanmina Co. has a 1-year low of $43.40 and a 1-year high of $76.84. The company has a market cap of $3.82 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 1.89 and a beta of 0.90.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Sanmina from a “hold” rating to a “buy” rating in a research report on Friday.

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.