Federated Hermes Inc. Raises Stake in Sanmina Co. (NASDAQ:SANM)

Federated Hermes Inc. raised its stake in Sanmina Co. (NASDAQ:SANM) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,246 shares of the electronics maker’s stock after buying an additional 366 shares during the quarter. Federated Hermes Inc.’s holdings in Sanmina were worth $475,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SANM. Commonwealth Equity Services LLC grew its holdings in Sanmina by 5.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 12,726 shares of the electronics maker’s stock valued at $691,000 after buying an additional 648 shares in the last quarter. Raymond James & Associates grew its position in shares of Sanmina by 0.7% in the 3rd quarter. Raymond James & Associates now owns 49,351 shares of the electronics maker’s stock valued at $2,679,000 after buying an additional 345 shares during the last quarter. GW Henssler & Associates Ltd. acquired a new position in Sanmina in the third quarter valued at $203,000. Bailard Inc. acquired a new position in Sanmina in the third quarter valued at $309,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Sanmina by 9.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,037 shares of the electronics maker’s stock valued at $653,000 after acquiring an additional 1,077 shares in the last quarter. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SANM has been the subject of several recent research reports. Craig Hallum reiterated a “hold” rating and set a $62.00 target price on shares of Sanmina in a research note on Tuesday. Fox Advisors initiated coverage on shares of Sanmina in a report on Wednesday, March 6th. They issued an “overweight” rating and a $80.00 target price for the company.

Insider Buying and Selling

In other Sanmina news, Director Susan A. Johnson sold 1,000 shares of Sanmina stock in a transaction on Friday, February 16th. The shares were sold at an average price of $60.64, for a total value of $60,640.00. Following the transaction, the director now owns 7,811 shares in the company, valued at approximately $473,659.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.09% of the stock is owned by company insiders.

Sanmina Trading Up 0.4 %

Shares of SANM opened at $61.76 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.00 and a quick ratio of 1.23. The firm has a 50 day simple moving average of $61.38 and a 200-day simple moving average of $55.58. Sanmina Co. has a 1-year low of $43.40 and a 1-year high of $69.69. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 0.90 and a beta of 1.01.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, April 29th. The electronics maker reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.21. Sanmina had a net margin of 3.11% and a return on equity of 11.98%. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the company posted $1.37 EPS. The company’s revenue was down 20.9% on a year-over-year basis. Equities analysts forecast that Sanmina Co. will post 5 EPS for the current fiscal year.

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.