Natixis Advisors LLC Increases Stock Position in Sanmina Co. (NASDAQ:SANM)

Natixis Advisors LLC lifted its holdings in Sanmina Co. (NASDAQ:SANM) by 11.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,298 shares of the electronics maker’s stock after purchasing an additional 1,513 shares during the period. Natixis Advisors LLC’s holdings in Sanmina were worth $1,013,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Sanmina by 2.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,411 shares of the electronics maker’s stock valued at $464,000 after acquiring an additional 197 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in Sanmina by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 11,881 shares of the electronics maker’s stock valued at $787,000 after acquiring an additional 224 shares during the last quarter. GAMMA Investing LLC lifted its position in Sanmina by 108.4% during the second quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 257 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Sanmina by 8.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,571 shares of the electronics maker’s stock valued at $237,000 after acquiring an additional 287 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in Sanmina by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 27,900 shares of the electronics maker’s stock valued at $1,848,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Sanmina Stock Up 1.5 %

SANM stock opened at $65.39 on Thursday. The firm has a market cap of $3.65 billion, a PE ratio of 15.46, a P/E/G ratio of 1.75 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.27 and a current ratio of 2.03. The firm’s fifty day moving average is $69.36 and its 200 day moving average is $65.69. Sanmina Co. has a one year low of $43.40 and a one year high of $76.84.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, July 29th. The electronics maker reported $1.25 EPS for the quarter, missing the consensus estimate 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 quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.37 EPS. On average, research analysts forecast that Sanmina Co. will post 4.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Sanmina from a “buy” rating to a “hold” rating in a report on Friday, July 19th.

Insider Buying and Selling at Sanmina

In other Sanmina news, EVP Alan Mcwilliams Reid sold 8,500 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $68.85, for a total transaction of $585,225.00. Following the transaction, the executive vice president now directly owns 26,679 shares of the company’s stock, valued at $1,836,849.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Eugene A. Delaney sold 8,688 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $74.83, for a total value of $650,123.04. Following the transaction, the director now directly 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 accessible through this link. Also, EVP Alan Mcwilliams Reid sold 8,500 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $68.85, for a total transaction of $585,225.00. Following the completion of the transaction, the executive vice president now directly owns 26,679 shares in the company, valued at $1,836,849.15. The disclosure for this sale can be found here. Insiders have sold a total of 104,320 shares of company stock valued at $7,294,883 over the last ninety days. Corporate insiders own 3.09% of the company’s stock.

Sanmina 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.