Hantz Financial Services Inc. Invests $1.31 Million in Sanmina Co. (NASDAQ:SANM)

Hantz Financial Services Inc. acquired a new position in shares of Sanmina Co. (NASDAQ:SANM) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 19,767 shares of the electronics maker’s stock, valued at approximately $1,310,000.

Several other institutional investors also recently modified their holdings of the company. 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. Principal Securities Inc. bought a new position in shares of Sanmina during the 4th quarter worth approximately $64,000. Delta Asset Management LLC TN bought a new position in shares of Sanmina during the 4th quarter worth approximately $85,000. Innealta Capital LLC bought a new position in shares of Sanmina during the 2nd quarter worth approximately $116,000. Finally, Quest Partners LLC bought a new position in shares of Sanmina during the 4th quarter worth approximately $126,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Trading Down 0.2 %

Shares of SANM opened at $69.38 on Friday. The stock has a fifty day moving average price of $69.39 and a two-hundred day moving average price of $65.38. 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 company has a market cap of $3.79 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 1.89 and a beta of 0.92.

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). The firm had revenue of $1.84 billion for 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 company’s revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 EPS. Analysts predict that Sanmina Co. will post 4.24 EPS for the current fiscal year.

Insider Transactions at Sanmina

In other news, CEO Jure Sola sold 82,328 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 1,198,594 shares in the company, valued at $83,506,043.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Jure Sola sold 82,328 shares of Sanmina stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 1,198,594 shares of the company’s stock, valued at $83,506,043.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Eugene A. Delaney sold 8,688 shares of Sanmina stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $74.83, for a total value of $650,123.04. Following the sale, the director now directly owns 92,199 shares of the company’s stock, valued at $6,899,251.17. The disclosure for this sale can be found here. Insiders sold a total of 104,320 shares of company stock worth $7,294,883 over the last 90 days. 3.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

About Sanmina

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.