Hantz Financial Services Inc. acquired a new position in shares of Sanmina Co. (NASDAQ:SANM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 19,767 shares of the electronics maker's stock, valued at approximately $1,310,000.
Several other institutional investors and hedge funds also recently modified their holdings of the stock. Innealta Capital LLC acquired a new position in shares of Sanmina during the second quarter worth $116,000. Panagora Asset Management Inc. increased its stake in Sanmina by 8.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 354,588 shares of the electronics maker's stock worth $23,491,000 after buying an additional 27,268 shares during the period. Atomi Financial Group Inc. acquired a new position in Sanmina in the 2nd quarter worth $302,000. Allspring Global Investments Holdings LLC boosted its position in Sanmina by 57.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 119,262 shares of the electronics maker's stock valued at $7,901,000 after buying an additional 43,741 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Sanmina by 11.5% during the second quarter. Bank of New York Mellon Corp now owns 578,458 shares of the electronics maker's stock valued at $38,323,000 after acquiring an additional 59,849 shares in the last quarter. Hedge funds and other institutional investors own 92.71% of the company's stock.
Insiders Place Their Bets
In other Sanmina news, Director Eugene A. Delaney sold 8,688 shares of Sanmina 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 transaction, 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 SEC, which is accessible through the SEC website. In related news, Director Eugene A. Delaney sold 8,688 shares of the business'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 completion of the sale, the director now owns 92,199 shares of the company's stock, valued at approximately $6,899,251.17. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction, the chief executive officer now owns 1,198,594 shares of the company's stock, valued at $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 in the last quarter. Insiders own 3.09% of the company's stock.
Sanmina Stock Down 0.2 %
SANM traded down $0.17 during trading on Friday, hitting $69.38. The company had a trading volume of 894,290 shares, compared to its average volume of 421,546. Sanmina Co. has a 1-year low of $43.40 and a 1-year high of $76.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.03 and a quick ratio of 1.27. The company has a market cap of $3.79 billion, a PE ratio of 16.40, a P/E/G ratio of 1.89 and a beta of 0.92. The business has a 50-day moving average of $69.39 and a 200-day moving average of $65.42.
Sanmina (NASDAQ:SANM - Get Free Report) last released 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). The company had revenue of $1.84 billion during 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%. Sanmina's revenue for the quarter was down 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 EPS. As a group, analysts forecast that Sanmina Co. will post 4.24 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, StockNews.com cut Sanmina from a "buy" rating to a "hold" rating in a research note on Friday, July 19th.
Read Our Latest Stock Report on Sanmina
About Sanmina
(
Free Report)
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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