Foundations Investment Advisors LLC Invests $207,000 in Sanmina Co. (NASDAQ:SANM)

Foundations Investment Advisors LLC bought a new position in Sanmina Co. (NASDAQ:SANM) during the 3rd quarter, Holdings Channel reports. The fund bought 3,020 shares of the electronics maker’s stock, valued at approximately $207,000.

A number of other hedge funds also recently bought and sold shares of SANM. Creative Planning lifted its holdings in Sanmina by 13.2% in the 3rd quarter. Creative Planning now owns 23,836 shares of the electronics maker’s stock worth $1,632,000 after buying an additional 2,772 shares during the period. Ritholtz Wealth Management raised its holdings in shares of Sanmina by 3.7% during the third quarter. Ritholtz Wealth Management now owns 9,150 shares of the electronics maker’s stock valued at $626,000 after acquiring an additional 323 shares in the last quarter. CWM LLC lifted its stake in Sanmina by 40.5% in the third quarter. CWM LLC now owns 1,781 shares of the electronics maker’s stock worth $122,000 after acquiring an additional 513 shares during the period. Atomi Financial Group Inc. boosted its holdings in Sanmina by 5.0% in the third quarter. Atomi Financial Group Inc. now owns 4,788 shares of the electronics maker’s stock valued at $328,000 after acquiring an additional 226 shares in the last quarter. Finally, Kesler Norman & Wride LLC purchased a new position in Sanmina during the 3rd quarter valued at $478,000. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Insiders Place Their Bets

In other news, Director Krish A. Prabhu sold 4,803 shares of Sanmina stock in a transaction that occurred on Tuesday, August 6th. The shares were 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 directly owns 19,166 shares in the company, valued at approximately $1,291,596.74. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other 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 completion of the transaction, the executive vice president now directly owns 26,679 shares in the company, valued at $1,836,849.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal 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 value of $323,674.17. Following the completion of the transaction, the director now directly owns 19,166 shares of the company’s stock, valued at approximately $1,291,596.74. 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 104,320 shares of company stock worth $7,294,883. 3.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research report on Sunday, October 13th.

Sanmina Trading Up 1.0 %

NASDAQ SANM opened at $67.50 on Monday. The firm has a market capitalization of $3.69 billion, a PE ratio of 17.49, a P/E/G ratio of 1.49 and a beta of 0.89. The stock’s 50 day moving average is $67.60 and its 200 day moving average is $66.89. Sanmina Co. has a twelve month low of $43.40 and a twelve month high of $76.84. The company has a quick ratio of 1.27, a current ratio of 2.03 and a debt-to-equity ratio of 0.13.

Sanmina (NASDAQ:SANM) last released its earnings results on Monday, July 29th. The electronics maker reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Sanmina had a return on equity of 10.79% and a net margin of 2.93%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the company earned $1.37 earnings per share. The firm’s quarterly revenue was down 16.6% compared to the same quarter last year. Research analysts forecast that Sanmina Co. will post 4.24 earnings per share for the current fiscal 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.