Sanmina Co. (NASDAQ:SANM) Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its holdings in Sanmina Co. (NASDAQ:SANM) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 188,672 shares of the electronics maker’s stock after purchasing an additional 2,130 shares during the period. First Eagle Investment Management LLC owned about 0.34% of Sanmina worth $12,500,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in Sanmina by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 583,257 shares of the electronics maker’s stock valued at $29,962,000 after acquiring an additional 13,120 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Sanmina during the fourth quarter worth about $64,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of 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 worth $464,000 after purchasing an additional 197 shares during the last quarter. Norges Bank acquired a new position in Sanmina in the fourth quarter worth about $21,836,000. Finally, Quest Partners LLC bought a new stake in Sanmina in the fourth quarter valued at about $126,000. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Sanmina Trading Up 1.9 %

NASDAQ SANM opened at $69.68 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.27 and a current ratio of 2.03. Sanmina Co. has a one year low of $43.40 and a one year high of $76.84. The company has a 50-day simple moving average of $69.47 and a 200-day simple moving average of $65.87. The firm has a market capitalization of $3.81 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 1.84 and a beta of 0.90.

Sanmina (NASDAQ:SANM) last released 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). Sanmina had a net margin of 2.93% and a return on equity of 10.79%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. The company’s revenue for the quarter was down 16.6% compared to the same quarter last year. On average, equities analysts forecast that Sanmina Co. will post 4.24 earnings per share for the current year.

Insider Activity at Sanmina

In other Sanmina news, Director Krish A. Prabhu sold 4,803 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $67.39, for a total value of $323,674.17. Following the completion of the transaction, the director now owns 19,166 shares in the company, valued at approximately $1,291,596.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Sanmina news, CEO Jure Sola sold 82,328 shares of Sanmina stock in a transaction on Friday, August 9th. The stock was sold at an average price of $69.67, for a total transaction of $5,735,791.76. Following the sale, the chief executive officer now owns 1,198,594 shares of the company’s stock, valued at approximately $83,506,043.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Krish A. Prabhu sold 4,803 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $67.39, for a total value of $323,674.17. Following the completion of the transaction, the director now directly owns 19,166 shares of the company’s stock, valued at approximately $1,291,596.74. The disclosure for this sale can be found here. Insiders have sold a total of 104,320 shares of company stock worth $7,294,883 in the last ninety days. 3.09% of the stock is owned by insiders.

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.