4,031 Shares in Sanmina Co. (NASDAQ:SANM) Acquired by Paloma Partners Management Co

Paloma Partners Management Co bought a new position in shares of Sanmina Co. (NASDAQ:SANM) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 4,031 shares of the electronics maker’s stock, valued at approximately $251,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of Sanmina by 21.2% in the fourth quarter. Blue Trust Inc. now owns 2,448 shares of the electronics maker’s stock valued at $133,000 after buying an additional 428 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in Sanmina during the 4th quarter worth approximately $1,469,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Sanmina by 9.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,202 shares of the electronics maker’s stock worth $678,000 after purchasing an additional 1,165 shares in the last quarter. Federated Hermes Inc. grew its position in Sanmina by 4.1% during the 4th quarter. Federated Hermes Inc. now owns 9,246 shares of the electronics maker’s stock worth $475,000 after purchasing an additional 366 shares in the last quarter. Finally, Duality Advisers LP grew its holdings in shares of Sanmina by 721.0% during the 4th quarter. Duality Advisers LP now owns 36,116 shares of the electronics maker’s stock valued at $1,855,000 after acquiring an additional 31,717 shares in the last quarter. Institutional investors own 92.71% of the company’s stock.

Wall Street Analysts Forecast Growth

SANM has been the topic of several research analyst reports. Craig Hallum restated a “hold” rating and set a $62.00 price target on shares of Sanmina in a report on Tuesday, April 30th. StockNews.com cut shares of Sanmina from a “buy” rating to a “hold” rating in a report on Friday, July 19th.

Sanmina Stock Down 2.4 %

NASDAQ:SANM traded down $1.82 during trading hours on Tuesday, reaching $73.14. The company’s stock had a trading volume of 405,260 shares, compared to its average volume of 429,014. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.67 and a beta of 0.92. Sanmina Co. has a one year low of $43.40 and a one year high of $76.56. The business’s 50-day moving average is $68.22 and its 200-day moving average is $63.05. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.00 and a quick ratio of 1.25.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, July 29th. The electronics maker reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). The business 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 11.98% and a net margin of 3.11%. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.37 earnings per share. Equities research analysts predict that Sanmina Co. will post 4.63 EPS for the current year.

Insiders Place Their Bets

In other Sanmina news, EVP Alan Mcwilliams Reid sold 3,528 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $65.43, for a total transaction of $230,837.04. Following the completion of the transaction, the executive vice president now owns 37,651 shares of the company’s stock, valued at approximately $2,463,504.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Sanmina news, EVP Alan Mcwilliams Reid sold 3,528 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $65.43, for a total transaction of $230,837.04. Following the completion of the transaction, the executive vice president now owns 37,651 shares of the company’s stock, valued at approximately $2,463,504.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eugene A. Delaney sold 7,181 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $64.91, for a total transaction of $466,118.71. Following the transaction, the director now directly owns 100,887 shares of the company’s stock, valued at approximately $6,548,575.17. The disclosure for this sale can be found here. Company insiders own 3.09% of the company’s stock.

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.