Sanmina Co. (NASDAQ:SANM – Get Free Report) Director Eugene A. Delaney sold 8,688 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $74.83, for a total transaction of $650,123.04. Following the sale, the director now owns 92,199 shares of the company’s stock, valued at $6,899,251.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Sanmina Price Performance
SANM stock opened at $65.01 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.25 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $68.56 and its two-hundred day moving average price is $63.55. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 1.98 and a beta of 0.92. Sanmina Co. has a 12-month low of $43.40 and a 12-month high of $76.84.
Sanmina (NASDAQ:SANM – Get Free Report) last released its quarterly earnings results on Monday, July 29th. The electronics maker reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. Sanmina had a net margin of 2.93% and a return on equity of 10.79%. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.37 EPS. As a group, equities analysts predict that Sanmina Co. will post 4.24 earnings per share for the current year.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on SANM
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in SANM. GAMMA Investing LLC boosted its stake in shares of Sanmina by 108.4% during the 2nd quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 257 shares in the last quarter. Principal Securities Inc. purchased a new stake in Sanmina in the fourth quarter worth about $64,000. Delta Asset Management LLC TN bought a new stake in Sanmina during the 4th quarter valued at approximately $85,000. Innealta Capital LLC purchased 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 in the 4th quarter worth approximately $126,000. 92.71% of the stock is owned by hedge funds and other institutional investors.
Sanmina Company 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.
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