Diversified Trust Co Purchases 2,069 Shares of Sanmina Co. (NASDAQ:SANM)

Diversified Trust Co increased its position in shares of Sanmina Co. (NASDAQ:SANM) by 10.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 21,517 shares of the electronics maker’s stock after buying an additional 2,069 shares during the period. Diversified Trust Co’s holdings in Sanmina were worth $1,628,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of Sanmina during the 3rd quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Sanmina by 24.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker’s stock valued at $56,000 after acquiring an additional 164 shares during the period. GAMMA Investing LLC boosted its stake in Sanmina by 88.5% during the third quarter. GAMMA Investing LLC now owns 931 shares of the electronics maker’s stock worth $64,000 after acquiring an additional 437 shares in the last quarter. CWM LLC grew its holdings in Sanmina by 40.5% in the third quarter. CWM LLC now owns 1,781 shares of the electronics maker’s stock worth $122,000 after purchasing an additional 513 shares during the period. Finally, KBC Group NV grew its holdings in Sanmina by 25.5% in the third quarter. KBC Group NV now owns 1,811 shares of the electronics maker’s stock worth $124,000 after purchasing an additional 368 shares during the period. Institutional investors own 92.71% of the company’s stock.

Analyst Ratings Changes

SANM has been the topic of a number of research analyst reports. StockNews.com raised shares of Sanmina from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. Craig Hallum increased their price target on Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th.

Sanmina Stock Performance

SANM opened at $77.23 on Thursday. Sanmina Co. has a 1-year low of $48.83 and a 1-year high of $86.05. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.35 and a beta of 0.91. The company’s fifty day moving average price is $78.14 and its two-hundred day moving average price is $71.83. The company has a current ratio of 1.99, a quick ratio of 1.25 and a debt-to-equity ratio of 0.13.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.20 EPS. On average, analysts expect that Sanmina Co. will post 4.84 EPS for the current fiscal year.

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.