Sanmina Co. (NASDAQ:SANM) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its stake in Sanmina Co. (NASDAQ:SANM) by 3.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,506 shares of the electronics maker’s stock after acquiring an additional 3,299 shares during the quarter. BNP Paribas Financial Markets’ holdings in Sanmina were worth $5,690,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in Sanmina in the fourth quarter valued at approximately $64,000. Delta Asset Management LLC TN acquired a new position in shares of Sanmina during the 4th quarter worth approximately $85,000. Quest Partners LLC acquired a new position in shares of Sanmina during the 4th quarter worth approximately $126,000. Blue Trust Inc. raised its stake in shares of Sanmina by 21.2% during the 4th quarter. Blue Trust Inc. now owns 2,448 shares of the electronics maker’s stock worth $133,000 after buying an additional 428 shares during the period. Finally, First Trust Direct Indexing L.P. acquired a new position in shares of Sanmina during the 1st quarter worth approximately $211,000. 92.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SANM has been the subject of several research analyst reports. StockNews.com downgraded Sanmina from a “buy” rating to a “hold” rating in a research note on Wednesday. Craig Hallum reaffirmed a “hold” rating and set a $62.00 target price on shares of Sanmina in a research note on Tuesday, April 30th.

Sanmina Stock Up 3.8 %

NASDAQ SANM opened at $70.25 on Friday. The business has a fifty day moving average price of $66.21 and a 200 day moving average price of $61.01. Sanmina Co. has a one year low of $43.40 and a one year high of $70.57. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.25 and a current ratio of 2.00. The company has a market cap of $3.92 billion, a P/E ratio of 16.61, a P/E/G ratio of 1.45 and a beta of 0.92.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, April 29th. The electronics maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.09 by $0.21. Sanmina had a return on equity of 11.98% and a net margin of 3.11%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the company earned $1.37 EPS. The firm’s revenue was down 20.9% compared to the same quarter last year. Research analysts anticipate that Sanmina Co. will post 4.86 EPS for the current fiscal year.

Insider Buying and Selling at Sanmina

In other Sanmina news, Director Eugene A. Delaney sold 7,181 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $64.91, for a total value of $466,118.71. Following the completion of the sale, the director now directly owns 100,887 shares in the company, valued at approximately $6,548,575.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Sanmina news, Director Eugene A. Delaney sold 7,181 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $64.91, for a total value of $466,118.71. Following the completion of the sale, the director now directly owns 100,887 shares in the company, valued at approximately $6,548,575.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Alan Mcwilliams Reid sold 3,528 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $65.43, for a total value of $230,837.04. Following the completion of the sale, the executive vice president now owns 37,651 shares of the company’s stock, valued at $2,463,504.93. The disclosure for this sale can be found here. 3.09% of the stock is owned by company insiders.

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.