Blue Trust Inc. Has $216,000 Position in Sanmina Co. (NASDAQ:SANM)

Blue Trust Inc. lessened its holdings in Sanmina Co. (NASDAQ:SANM) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,856 shares of the electronics maker’s stock after selling 153 shares during the period. Blue Trust Inc.’s holdings in Sanmina were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its position in Sanmina by 6.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,200 shares of the electronics maker’s stock worth $166,000 after acquiring an additional 125 shares during the period. Park Avenue Securities LLC grew its position in shares of Sanmina by 3.3% during the 4th quarter. Park Avenue Securities LLC now owns 4,008 shares of the electronics maker’s stock worth $303,000 after purchasing an additional 129 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings 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. Janney Montgomery Scott LLC raised its position in shares of Sanmina by 3.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,501 shares of the electronics maker’s stock valued at $416,000 after buying an additional 185 shares in the last quarter. Finally, TFG Advisers LLC boosted its stake in shares of Sanmina by 5.1% in the third quarter. TFG Advisers LLC now owns 4,179 shares of the electronics maker’s stock valued at $286,000 after buying an additional 203 shares during the period. Institutional investors and hedge funds own 92.71% of the company’s stock.

Insiders Place Their Bets

In other news, Director Eugene A. Delaney sold 10,000 shares of Sanmina stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $83.50, for a total value of $835,000.00. Following the sale, the director now directly owns 77,120 shares in the company, valued at approximately $6,439,520. This trade represents a 11.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.22% of the stock is currently owned by insiders.

Sanmina Stock Performance

NASDAQ:SANM opened at $82.22 on Tuesday. Sanmina Co. has a 1 year low of $57.28 and a 1 year high of $86.05. The business has a fifty day simple moving average of $79.47 and a two-hundred day simple moving average of $73.57. The company has a market capitalization of $4.47 billion, a P/E ratio of 20.10, a P/E/G ratio of 1.22 and a beta of 0.92. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.06 and a quick ratio of 1.30.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.07. Sanmina had a return on equity of 10.61% and a net margin of 2.99%. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the company earned $1.20 earnings per share. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. On average, analysts expect that Sanmina Co. will post 5.15 earnings per share for the current year.

Sanmina announced that its Board of Directors has authorized a share repurchase plan on Monday, January 27th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the electronics maker to reacquire up to 7.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts recently commented on the company. StockNews.com upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Craig Hallum boosted their target price on shares of Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Finally, Bank of America upgraded shares of Sanmina from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $58.00 to $92.00 in a research report on Wednesday, January 29th.

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.