Atomi Financial Group Inc. Purchases Shares of 4,562 Sanmina Co. (NASDAQ:SANM)

Atomi Financial Group Inc. acquired a new position in shares of Sanmina Co. (NASDAQ:SANM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,562 shares of the electronics maker's stock, valued at approximately $302,000.

Several other hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in shares of Sanmina by 108.4% in the second quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker's stock valued at $33,000 after buying an additional 257 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of Sanmina in the fourth quarter valued at $64,000. Delta Asset Management LLC TN acquired a new stake in shares of Sanmina in the fourth quarter valued at $85,000. Quest Partners LLC acquired a new stake in shares of Sanmina in the fourth quarter valued at $126,000. Finally, Blue Trust Inc. increased its stake in shares of Sanmina by 70.1% in the second quarter. Blue Trust Inc. now owns 3,126 shares of the electronics maker's stock valued at $194,000 after buying an additional 1,288 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sanmina

In other news, Director Krish A. Prabhu sold 4,803 shares of the firm's 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 sale, the director now owns 19,166 shares of the company's stock, valued at $1,291,596.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Krish A. Prabhu sold 4,803 shares of the firm's 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 sale, the director now owns 19,166 shares of the company's stock, valued at $1,291,596.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jure Sola sold 82,328 shares of Sanmina stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $69.67, for a total value of $5,735,791.76. Following the completion of the sale, the chief executive officer now directly owns 1,198,594 shares in the company, valued at approximately $83,506,043.98. The disclosure for this sale can be found here. Insiders have sold a total of 104,320 shares of company stock valued at $7,294,883 over the last 90 days. 3.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SANM. Craig Hallum restated a "hold" rating and issued a $62.00 target price on shares of Sanmina in a research note on Tuesday, April 30th. StockNews.com cut Sanmina from a "buy" rating to a "hold" rating in a report on Friday, July 19th.

Sanmina Trading Down 0.8 %

Sanmina stock traded down $0.57 during mid-day trading on Wednesday, hitting $68.40. The stock had a trading volume of 380,875 shares, compared to its average volume of 432,993. The stock has a 50-day simple moving average of $69.28 and a two-hundred day simple moving average of $65.26. The stock has a market capitalization of $3.82 billion, a PE ratio of 16.17, a P/E/G ratio of 1.92 and a beta of 0.92. Sanmina Co. has a 12 month low of $43.40 and a 12 month high of $76.84. The company has a current ratio of 2.03, a quick ratio of 1.27 and a debt-to-equity ratio of 0.13.

Sanmina (NASDAQ:SANM - Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The electronics maker reported $1.25 earnings per share (EPS) 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 firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the business earned $1.37 EPS. Sanmina's revenue was down 16.6% on a year-over-year basis. As a group, sell-side analysts forecast that Sanmina Co. will post 4.24 EPS 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.