Sei Investments Co. Has $15.67 Million Stock Position in Sanmina Co. (NASDAQ:SANM)

Sei Investments Co. raised its stake in Sanmina Co. (NASDAQ:SANM) by 3.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 236,470 shares of the electronics maker’s stock after buying an additional 7,035 shares during the quarter. Sei Investments Co.’s holdings in Sanmina were worth $15,666,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Sanmina by 108.4% during the second quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 257 shares during the last quarter. Innealta Capital LLC bought a new position in Sanmina in the 2nd quarter valued at $116,000. TFO Wealth Partners LLC increased its stake in shares of Sanmina by 70,240.0% in the 4th quarter. TFO Wealth Partners LLC now owns 3,517 shares of the electronics maker’s stock valued at $181,000 after buying an additional 3,512 shares during the period. Blue Trust Inc. increased its stake in shares of Sanmina by 70.1% in the 2nd quarter. Blue Trust Inc. now owns 3,126 shares of the electronics maker’s stock valued at $194,000 after buying an additional 1,288 shares during the period. Finally, First Trust Direct Indexing L.P. bought a new stake in shares of Sanmina during the first quarter worth $211,000. 92.71% of the stock is owned by institutional investors.

Sanmina Price Performance

SANM opened at $68.86 on Friday. The company has a fifty day moving average price of $69.18 and a two-hundred day moving average price of $65.97. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.27 and a current ratio of 2.03. The firm has a market capitalization of $3.84 billion, a PE ratio of 16.28, a P/E/G ratio of 1.88 and a beta of 0.90. Sanmina Co. has a 52 week low of $43.40 and a 52 week high of $76.84.

Sanmina (NASDAQ:SANM) last released 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). Sanmina had a net margin of 2.93% and a return on equity of 10.79%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company posted $1.37 EPS. The company’s revenue for the quarter was down 16.6% compared to the same quarter last year. As a group, analysts anticipate that Sanmina Co. will post 4.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Sanmina from a “buy” rating to a “hold” rating in a report on Friday, July 19th.

Insider Activity

In related news, EVP Alan Mcwilliams Reid sold 8,500 shares of Sanmina stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $68.85, for a total transaction of $585,225.00. Following the transaction, the executive vice president now owns 26,679 shares of the company’s stock, valued at approximately $1,836,849.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Alan Mcwilliams Reid sold 8,500 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $68.85, for a total transaction of $585,225.00. Following the sale, the executive vice president now owns 26,679 shares of the company’s stock, valued at approximately $1,836,849.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jure Sola sold 82,328 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $69.67, for a total value of $5,735,791.76. Following the completion of the transaction, the chief executive officer now directly owns 1,198,594 shares of the company’s stock, valued at $83,506,043.98. The disclosure for this sale can be found here. Insiders sold a total of 104,320 shares of company stock valued at $7,294,883 in the last ninety days. 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.