Sanmina Co. (NASDAQ:SANM) Shares Purchased by TFG Advisers LLC

TFG Advisers LLC grew its holdings in shares of Sanmina Co. (NASDAQ:SANM) by 5.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,179 shares of the electronics maker’s stock after purchasing an additional 203 shares during the period. TFG Advisers LLC’s holdings in Sanmina were worth $286,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SANM. Vanguard Group Inc. raised its stake in Sanmina by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 7,108,722 shares of the electronics maker’s stock worth $365,175,000 after acquiring an additional 130,797 shares during the period. Los Angeles Capital Management LLC lifted its holdings in shares of Sanmina by 9.8% in the 1st quarter. Los Angeles Capital Management LLC now owns 4,328 shares of the electronics maker’s stock worth $269,000 after purchasing an additional 385 shares during the last quarter. Diversified Trust Co boosted its position in Sanmina by 4.0% during the 1st quarter. Diversified Trust Co now owns 16,876 shares of the electronics maker’s stock valued at $1,049,000 after purchasing an additional 654 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Sanmina by 32.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 75,521 shares of the electronics maker’s stock valued at $4,696,000 after purchasing an additional 18,360 shares during the period. Finally, First Trust Direct Indexing L.P. bought a new position in Sanmina during the 1st quarter worth $211,000. 92.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sanmina news, CEO Jure Sola sold 82,328 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $69.67, for a total transaction of $5,735,791.76. Following the transaction, the chief executive officer now owns 1,198,594 shares of the company’s stock, valued at approximately $83,506,043.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other 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 transaction, the chief executive officer now directly owns 1,198,594 shares in the company, valued at approximately $83,506,043.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eugene A. Delaney sold 8,688 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $74.83, for a total value of $650,123.04. Following the completion of the sale, the director now owns 92,199 shares of the company’s stock, valued at approximately $6,899,251.17. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,320 shares of company stock valued at $7,294,883 over the last 90 days. 3.09% of the stock is currently owned by company insiders.

Sanmina Stock Performance

Shares of SANM traded up $0.12 during mid-day trading on Wednesday, reaching $65.21. 8,045 shares of the company’s stock traded hands, compared to its average volume of 421,309. 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 business’s 50-day moving average price is $67.79 and its 200-day moving average price is $66.80. The stock has a market capitalization of $3.56 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 1.54 and a beta of 0.89. Sanmina Co. has a 12 month low of $43.40 and a 12 month high of $76.84.

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

Analyst Ratings Changes

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

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.