Sanmina Co. (NASDAQ:SANM) Position Increased by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in Sanmina Co. (NASDAQ:SANM) by 88.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 931 shares of the electronics maker’s stock after buying an additional 437 shares during the period. GAMMA Investing LLC’s holdings in Sanmina were worth $64,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Sanmina by 24.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker’s stock worth $56,000 after purchasing an additional 164 shares during the period. Innealta Capital LLC acquired a new position in shares of Sanmina in the second quarter worth about $116,000. Blue Trust Inc. increased its position in shares of Sanmina by 70.1% in the second quarter. Blue Trust Inc. now owns 3,126 shares of the electronics maker’s stock worth $194,000 after acquiring an additional 1,288 shares in the last quarter. First Trust Direct Indexing L.P. acquired a new stake in shares of Sanmina during the first quarter valued at approximately $211,000. Finally, Choreo LLC purchased a new stake in shares of Sanmina in the 2nd quarter valued at approximately $211,000. Institutional investors own 92.71% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sanmina Price Performance

NASDAQ SANM opened at $66.96 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.03 and a quick ratio of 1.27. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89. The company has a 50 day simple moving average of $67.98 and a 200-day simple moving average of $66.57. Sanmina Co. has a 52-week low of $43.40 and a 52-week high of $76.84.

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 analysts’ consensus estimates of $1.28 by ($0.03). Sanmina had a net margin of 2.93% and a return on equity of 10.79%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the business earned $1.37 EPS. The company’s quarterly revenue was down 16.6% on a year-over-year basis. Equities research analysts predict that Sanmina Co. will post 4.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Sanmina

In other news, Director Krish A. Prabhu sold 4,803 shares of Sanmina stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $67.39, for a total transaction of $323,674.17. Following the completion of the sale, the director now directly owns 19,166 shares in the company, valued at $1,291,596.74. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Krish A. Prabhu sold 4,803 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $67.39, for a total value of $323,674.17. Following the completion of the sale, the director now directly owns 19,166 shares in the company, valued at approximately $1,291,596.74. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Eugene A. Delaney sold 8,688 shares of the stock in a transaction that occurred 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 transaction, the director now owns 92,199 shares in the company, valued at approximately $6,899,251.17. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,320 shares of company stock worth $7,294,883 over the last 90 days. 3.09% of the stock is currently owned by corporate insiders.

Sanmina 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.