Diversified Trust Co Purchases 654 Shares of Sanmina Co. (NASDAQ:SANM)

Diversified Trust Co raised its holdings in Sanmina Co. (NASDAQ:SANM) by 4.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,876 shares of the electronics maker’s stock after acquiring an additional 654 shares during the period. Diversified Trust Co’s holdings in Sanmina were worth $1,049,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Sanmina by 2.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,411 shares of the electronics maker’s stock valued at $464,000 after buying an additional 197 shares during the last quarter. SummerHaven Investment Management LLC increased its position in shares of Sanmina by 1.9% in the fourth quarter. SummerHaven Investment Management LLC now owns 11,473 shares of the electronics maker’s stock valued at $589,000 after acquiring an additional 212 shares during the last quarter. Headlands Technologies LLC raised its holdings in Sanmina by 5.1% during the fourth quarter. Headlands Technologies LLC now owns 4,511 shares of the electronics maker’s stock worth $232,000 after acquiring an additional 217 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Sanmina by 5.9% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,533 shares of the electronics maker’s stock valued at $233,000 after purchasing an additional 252 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in Sanmina by 4.1% in the fourth quarter. Federated Hermes Inc. now owns 9,246 shares of the electronics maker’s stock valued at $475,000 after purchasing an additional 366 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Wall Street Analysts Forecast Growth

SANM has been the topic of a number of analyst reports. Fox Advisors assumed coverage on Sanmina in a research note on Wednesday, March 6th. They set an “overweight” rating and a $80.00 price objective on the stock. StockNews.com lowered shares of Sanmina from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Finally, Craig Hallum reissued a “hold” rating and issued a $62.00 price objective on shares of Sanmina in a research report on Tuesday, April 30th.

Insider Transactions at Sanmina

In other news, EVP Alan Mcwilliams Reid sold 3,528 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $65.43, for a total transaction of $230,837.04. Following the transaction, the executive vice president now owns 37,651 shares in the company, valued at $2,463,504.93. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Alan Mcwilliams Reid sold 3,528 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $65.43, for a total value of $230,837.04. Following the transaction, the executive vice president now directly owns 37,651 shares in the company, valued at $2,463,504.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eugene A. Delaney sold 7,181 shares of Sanmina stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $64.91, for a total transaction of $466,118.71. Following the completion of the sale, the director now owns 100,887 shares of the company’s stock, valued at approximately $6,548,575.17. The disclosure for this sale can be found here. Corporate insiders own 3.09% of the company’s stock.

Sanmina Stock Down 1.5 %

SANM stock opened at $65.28 on Tuesday. The business’s 50 day simple moving average is $65.63 and its 200 day simple moving average is $60.37. Sanmina Co. has a 1-year low of $43.40 and a 1-year high of $69.80. The firm has a market capitalization of $3.64 billion, a PE ratio of 15.43, a PEG ratio of 1.42 and a beta of 0.92. The company has a current ratio of 2.00, a quick ratio of 1.25 and a debt-to-equity ratio of 0.13.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, April 29th. The electronics maker reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.21. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.88 billion. Sanmina had a net margin of 3.11% and a return on equity of 11.98%. The company’s revenue was down 20.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.37 earnings per share. As a group, research analysts anticipate that Sanmina Co. will post 4.86 EPS for the current year.

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.