Sanmina Co. (NASDAQ:SANM) Shares Purchased by TFO Wealth Partners LLC

TFO Wealth Partners LLC boosted its position in Sanmina Co. (NASDAQ:SANMFree Report) by 70,240.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,517 shares of the electronics maker’s stock after acquiring an additional 3,512 shares during the quarter. TFO Wealth Partners LLC’s holdings in Sanmina were worth $181,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in Sanmina by 75.9% in the fourth 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. Wedge Capital Management L L P NC raised its holdings in Sanmina by 49.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 115,653 shares of the electronics maker’s stock worth $5,941,000 after purchasing an additional 38,286 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in Sanmina by 86.2% during the third quarter. Qube Research & Technologies Ltd now owns 71,294 shares of the electronics maker’s stock worth $3,870,000 after purchasing an additional 32,998 shares in the last quarter. FMR LLC raised its holdings in Sanmina by 498.3% during the third quarter. FMR LLC now owns 489,308 shares of the electronics maker’s stock worth $26,560,000 after purchasing an additional 407,528 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Sanmina by 19.1% during the third quarter. Sei Investments Co. now owns 256,717 shares of the electronics maker’s stock worth $13,935,000 after purchasing an additional 41,216 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Insider Transactions at Sanmina

In other news, EVP Alan Mcwilliams Reid sold 3,528 shares of Sanmina stock in a transaction on Tuesday, May 14th. The stock was 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 filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Eugene A. Delaney sold 7,181 shares of Sanmina 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 completion of the transaction, the director now owns 100,887 shares of the company’s stock, valued at approximately $6,548,575.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Alan Mcwilliams Reid sold 3,528 shares of Sanmina stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $65.43, for a total value of $230,837.04. Following the transaction, the executive vice president now directly owns 37,651 shares of the company’s stock, valued at approximately $2,463,504.93. The disclosure for this sale can be found here. Insiders sold 11,103 shares of company stock valued at $720,600 in the last 90 days. 3.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SANM has been the topic of a number of research analyst reports. StockNews.com raised shares of Sanmina from a “hold” rating to a “buy” rating in a report on Monday, May 27th. Craig Hallum reaffirmed a “hold” rating and issued a $62.00 target price on shares of Sanmina in a report on Tuesday, April 30th. Finally, Fox Advisors began coverage on shares of Sanmina in a report on Wednesday, March 6th. They issued an “overweight” rating and a $80.00 target price on the stock.

Check Out Our Latest Research Report on Sanmina

Sanmina Stock Performance

NASDAQ:SANM opened at $66.88 on Tuesday. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 1.47 and a beta of 0.95. Sanmina Co. has a 1-year low of $43.40 and a 1-year high of $69.80. The firm’s fifty day moving average price is $62.92 and its 200 day moving average price is $58.06. 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:SANMGet Free Report) last issued its earnings results on Monday, April 29th. The electronics maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.09 by $0.21. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.88 billion. Sanmina had a net margin of 3.11% and a return on equity of 11.98%. The business’s revenue was down 20.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 EPS. On average, sell-side analysts expect that Sanmina Co. will post 4.86 EPS for the current year.

Sanmina Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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