Wealth Enhancement Advisory Services LLC Has $237,000 Position in Sanmina Co. (NASDAQ:SANM)

Wealth Enhancement Advisory Services LLC grew its position in Sanmina Co. (NASDAQ:SANM) by 8.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,571 shares of the electronics maker’s stock after purchasing an additional 287 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Sanmina were worth $237,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SANM. GAMMA Investing LLC boosted its position in Sanmina by 108.4% in the second quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker’s stock valued at $33,000 after buying an additional 257 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Sanmina in the fourth quarter valued at approximately $64,000. Delta Asset Management LLC TN acquired a new position in shares of Sanmina in the 4th quarter worth approximately $85,000. Quest Partners LLC bought a new stake in Sanmina during the 4th quarter worth about $126,000. Finally, TFO Wealth Partners LLC lifted its position in Sanmina by 70,240.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,517 shares of the electronics maker’s stock valued at $181,000 after purchasing an additional 3,512 shares during the period. Institutional investors own 92.71% of the company’s stock.

Sanmina Price Performance

Sanmina stock opened at $69.36 on Tuesday. The firm has a market capitalization of $3.87 billion, a P/E ratio of 16.40, a PEG ratio of 1.92 and a beta of 0.92. The business has a 50-day moving average of $69.24 and a 200-day moving average of $65.18. The company has a current ratio of 2.03, a quick ratio of 1.27 and a debt-to-equity ratio of 0.13. Sanmina Co. has a 1 year low of $43.40 and a 1 year high of $76.84.

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 firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. Sanmina had a net margin of 2.93% and a return on equity of 10.79%. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 EPS. On average, equities analysts anticipate that Sanmina Co. will post 4.24 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Craig Hallum reiterated a “hold” rating and set a $62.00 price target on shares of Sanmina in a research report on Tuesday, April 30th. StockNews.com lowered shares of Sanmina from a “buy” rating to a “hold” rating in a report on Friday, July 19th.

Insiders Place Their Bets

In other news, Director Eugene A. Delaney sold 8,688 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $74.83, for a total transaction of $650,123.04. Following the sale, the director now owns 92,199 shares of the company’s stock, valued at $6,899,251.17. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Jure Sola sold 82,328 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $69.67, for a total value of $5,735,791.76. Following the sale, the chief executive officer now directly owns 1,198,594 shares of the company’s stock, valued at approximately $83,506,043.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eugene A. Delaney sold 8,688 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $74.83, for a total transaction of $650,123.04. Following the completion of the transaction, the director now directly owns 92,199 shares of the company’s stock, valued at $6,899,251.17. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,320 shares of company stock worth $7,294,883. Corporate insiders own 3.09% of the company’s stock.

About Sanmina

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.