Delphi Management Inc. MA Acquires 529 Shares of Sanmina Co. (NASDAQ:SANM)

Delphi Management Inc. MA raised its holdings in Sanmina Co. (NASDAQ:SANM) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,461 shares of the electronics maker’s stock after buying an additional 529 shares during the period. Delphi Management Inc. MA’s holdings in Sanmina were worth $693,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Norges Bank bought a new position in shares of Sanmina during the fourth quarter valued at about $21,836,000. TD Asset Management Inc lifted its position in shares of Sanmina by 139.9% during the fourth quarter. TD Asset Management Inc now owns 41,500 shares of the electronics maker’s stock valued at $2,132,000 after purchasing an additional 24,200 shares in the last quarter. TFO Wealth Partners LLC lifted its position in shares of Sanmina by 70,240.0% during the fourth quarter. TFO Wealth Partners LLC now owns 3,517 shares of the electronics maker’s stock valued at $181,000 after purchasing an additional 3,512 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Sanmina by 50.4% during the fourth quarter. CIBC Asset Management Inc now owns 6,187 shares of the electronics maker’s stock valued at $318,000 after purchasing an additional 2,073 shares in the last quarter. Finally, Seven Eight Capital LP lifted its position in shares of Sanmina by 95.4% during the fourth quarter. Seven Eight Capital LP now owns 10,510 shares of the electronics maker’s stock valued at $540,000 after purchasing an additional 5,131 shares in the last quarter. 92.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Sanmina news, Director Krish A. Prabhu sold 4,803 shares of Sanmina stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $67.39, for a total value of $323,674.17. Following the sale, the director now owns 19,166 shares of the company’s stock, valued at $1,291,596.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Alan Mcwilliams Reid sold 8,500 shares of Sanmina stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $68.85, for a total value of $585,225.00. Following the completion of the transaction, the executive vice president now owns 26,679 shares in the company, valued at $1,836,849.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the director now owns 19,166 shares of the company’s stock, valued at approximately $1,291,596.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,320 shares of company stock valued at $7,294,883. Company insiders own 3.09% of the company’s stock.

Sanmina Stock Performance

Shares of SANM stock opened at $68.45 on Tuesday. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 1.89 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.27 and a current ratio of 2.03. Sanmina Co. has a 52 week low of $43.40 and a 52 week high of $76.84. The firm’s 50-day simple moving average is $69.01 and its two-hundred day simple moving average is $66.08.

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