Sanmina Co. (NASDAQ:SANM) Position Boosted by Evergreen Capital Management LLC

Evergreen Capital Management LLC raised its holdings in shares of Sanmina Co. (NASDAQ:SANM) by 12.9% during the 2nd quarter, Holdings Channel reports. The fund owned 6,771 shares of the electronics maker’s stock after purchasing an additional 776 shares during the period. Evergreen Capital Management LLC’s holdings in Sanmina were worth $449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in SANM. SummerHaven Investment Management LLC boosted its holdings in shares of Sanmina by 1.9% in 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 in the last quarter. GAMMA Investing LLC boosted its stake in Sanmina by 108.4% during the 2nd quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 257 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Sanmina by 8.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,571 shares of the electronics maker’s stock valued at $237,000 after purchasing an additional 287 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Sanmina by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 27,900 shares of the electronics maker’s stock worth $1,848,000 after buying an additional 300 shares in the last quarter. Finally, Delphi Management Inc. MA lifted its holdings in shares of Sanmina by 3.4% in the first quarter. Delphi Management Inc. MA now owns 9,932 shares of the electronics maker’s stock valued at $618,000 after buying an additional 322 shares during the period. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Price Performance

NASDAQ SANM opened at $68.86 on Friday. The stock has a market capitalization of $3.84 billion, a P/E ratio of 16.28, a P/E/G ratio of 1.88 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 business’s fifty day moving average is $69.18 and its two-hundred day moving average is $65.97. Sanmina Co. has a 1 year low of $43.40 and a 1 year high of $76.84.

Sanmina (NASDAQ:SANM) last announced its 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 company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Sanmina had a net margin of 2.93% and a return on equity of 10.79%. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.37 earnings per share. On average, research analysts forecast that Sanmina Co. will post 4.24 earnings per share for the current fiscal year.

Insider Transactions at Sanmina

In other news, Director Eugene A. Delaney sold 8,688 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were 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 in the company, valued at $6,899,251.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Krish A. Prabhu sold 4,803 shares of the firm’s 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 sale, the director now owns 19,166 shares of the company’s stock, valued at $1,291,596.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Eugene A. Delaney sold 8,688 shares of the company’s stock in a transaction on 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 in the company, valued at $6,899,251.17. 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.

Wall Street Analysts Forecast Growth

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

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.