Creative Planning Has $1.63 Million Stock Position in Sanmina Co. (NASDAQ:SANM)

Creative Planning lifted its position in shares of Sanmina Co. (NASDAQ:SANM) by 13.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,836 shares of the electronics maker’s stock after purchasing an additional 2,772 shares during the quarter. Creative Planning’s holdings in Sanmina were worth $1,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of SANM. GAMMA Investing LLC lifted its position in shares of Sanmina by 108.4% during the 2nd quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker’s stock worth $33,000 after buying an additional 257 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Sanmina by 24.1% in the 2nd 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 last quarter. Innealta Capital LLC acquired a new stake in shares of Sanmina during the 2nd quarter worth about $116,000. CWM LLC boosted its position in Sanmina by 40.5% in the third quarter. CWM LLC now owns 1,781 shares of the electronics maker’s stock valued at $122,000 after buying an additional 513 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Sanmina by 70.1% during the second quarter. Blue Trust Inc. now owns 3,126 shares of the electronics maker’s stock worth $194,000 after buying an additional 1,288 shares during the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Stock Performance

SANM stock opened at $70.18 on Wednesday. Sanmina Co. has a 1-year low of $43.40 and a 1-year high of $76.84. The company has a current ratio of 2.03, a quick ratio of 1.27 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.84 billion, a PE ratio of 18.18, a P/E/G ratio of 1.54 and a beta of 0.89. The business’s 50-day moving average price is $67.56 and its two-hundred day moving average price is $67.10.

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised Sanmina from a “hold” rating to a “buy” rating in a research note on Sunday, October 13th.

Insider Activity at Sanmina

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 stock was sold at an average price of $69.67, for a total transaction of $5,735,791.76. Following the sale, the chief executive officer now owns 1,198,594 shares in the company, valued at $83,506,043.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Sanmina news, Director Krish A. Prabhu sold 4,803 shares of the firm’s stock in a transaction on 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 owns 19,166 shares of the company’s stock, valued at $1,291,596.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jure Sola sold 82,328 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $69.67, for a total transaction of $5,735,791.76. Following the sale, the chief executive officer now owns 1,198,594 shares of the company’s stock, valued at approximately $83,506,043.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,632 shares of company stock valued at $6,644,760. 3.09% of the stock is owned by 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.