Sanmina (SANM) to Release Earnings on Monday

Sanmina (NASDAQ:SANM) will post its quarterly earnings results after the market closes on Monday, November 6th. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Sanmina Price Performance

SANM stock opened at $53.36 on Friday. Sanmina has a 1 year low of $49.07 and a 1 year high of $69.28. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.14 and a current ratio of 1.83. The stock’s 50 day moving average price is $53.01 and its 200 day moving average price is $54.90. The firm has a market cap of $3.11 billion, a P/E ratio of 10.32 and a beta of 1.19.

Insiders Place Their Bets

In other Sanmina news, CEO Jure Sola sold 129,762 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $54.20, for a total transaction of $7,033,100.40. Following the transaction, the chief executive officer now owns 1,038,144 shares of the company’s stock, valued at approximately $56,267,404.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Jure Sola sold 129,762 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $54.20, for a total value of $7,033,100.40. Following the transaction, the chief executive officer now directly owns 1,038,144 shares of the company’s stock, valued at approximately $56,267,404.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Alan Mcwilliams Reid sold 5,344 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $55.92, for a total value of $298,836.48. Following the completion of the transaction, the executive vice president now directly owns 27,000 shares in the company, valued at $1,509,840. The disclosure for this sale can be found here. Insiders have sold a total of 136,866 shares of company stock valued at $7,427,956 in the last quarter. 3.03% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Virginia Retirement Systems ET AL purchased a new position in shares of Sanmina in the 2nd quarter worth $844,000. Teachers Retirement System of The State of Kentucky increased its holdings in Sanmina by 5.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 18,747 shares of the electronics maker’s stock valued at $1,130,000 after purchasing an additional 1,015 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in Sanmina by 1.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 864,327 shares of the electronics maker’s stock valued at $52,093,000 after purchasing an additional 12,332 shares in the last quarter. XTX Topco Ltd increased its holdings in Sanmina by 42.1% in the 2nd quarter. XTX Topco Ltd now owns 4,987 shares of the electronics maker’s stock valued at $301,000 after purchasing an additional 1,477 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Sanmina by 3.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 858,633 shares of the electronics maker’s stock valued at $51,750,000 after purchasing an additional 28,844 shares in the last quarter. 90.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Sanmina in a research note on Thursday, October 5th. They set a “buy” rating on the 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.