Foundry Partners LLC Has $8.72 Million Holdings in Sanmina Co. (NASDAQ:SANM)

Foundry Partners LLC raised its position in shares of Sanmina Co. (NASDAQ:SANM) by 5.3% in the second quarter, HoldingsChannel.com reports. The firm owned 131,552 shares of the electronics maker’s stock after purchasing an additional 6,646 shares during the quarter. Foundry Partners LLC’s holdings in Sanmina were worth $8,715,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SANM. Russell Investments Group Ltd. increased its position in Sanmina by 3.3% during the 4th quarter. Russell Investments Group Ltd. now owns 17,992 shares of the electronics maker’s stock valued at $924,000 after purchasing an additional 579 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Sanmina by 5.9% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,533 shares of the electronics maker’s stock valued at $233,000 after purchasing an additional 252 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Sanmina by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 583,257 shares of the electronics maker’s stock worth $29,962,000 after buying an additional 13,120 shares during the period. Principal Securities Inc. bought a new stake in shares of Sanmina in the 4th quarter valued at $64,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Sanmina by 75.9% in the 4th quarter. BNP Paribas Financial Markets now owns 88,207 shares of the electronics maker’s stock valued at $4,531,000 after acquiring an additional 38,047 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Insider Buying and Selling at Sanmina

In other Sanmina news, EVP Alan Mcwilliams Reid sold 8,500 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $68.85, for a total transaction of $585,225.00. Following the completion of the sale, the executive vice president now owns 26,679 shares in the company, valued at approximately $1,836,849.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, 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 in the company, valued at approximately $6,899,251.17. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Alan Mcwilliams Reid sold 8,500 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $68.85, for a total transaction of $585,225.00. Following the completion of the sale, the executive vice president now owns 26,679 shares of the company’s stock, valued at approximately $1,836,849.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,320 shares of company stock worth $7,294,883. 3.09% of the stock is owned by corporate insiders.

Sanmina Trading Down 1.0 %

Shares of NASDAQ:SANM traded down $0.65 during mid-day trading on Friday, hitting $64.90. The company had a trading volume of 24,836 shares, compared to its average volume of 433,132. The firm has a fifty day moving average price of $69.48 and a 200 day moving average price of $65.53. The company has a market capitalization of $3.55 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.89 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.03 and a quick ratio of 1.27. Sanmina Co. has a one year low of $43.40 and a one year high of $76.84.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data 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 net margin of 2.93% and a return on equity of 10.79%. The business’s revenue was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.37 EPS. As a group, research analysts forecast that Sanmina Co. will post 4.24 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Sanmina from a “buy” rating to a “hold” rating in a research note on Friday, July 19th.

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.