Sanmina Co. (NASDAQ:SANM) Director David V. Hedley III Sells 394 Shares

Sanmina Co. (NASDAQ:SANM) Director David V. Hedley III sold 394 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $52.36, for a total value of $20,629.84. Following the completion of the transaction, the director now owns 3,540 shares of the company’s stock, valued at $185,354.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Sanmina Trading Up 1.5 %

Shares of NASDAQ:SANM traded up $0.76 during trading on Tuesday, reaching $53.01. The company’s stock had a trading volume of 232,190 shares, compared to its average volume of 409,327. The stock has a market capitalization of $3.09 billion, a PE ratio of 10.22 and a beta of 1.20. Sanmina Co. has a 12 month low of $44.29 and a 12 month high of $69.28. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.14. The firm’s 50 day simple moving average is $56.38 and its two-hundred day simple moving average is $56.20.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.02. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.25 billion. Sanmina had a return on equity of 15.77% and a net margin of 3.40%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company earned $1.17 EPS.

Institutional Investors Weigh In On Sanmina

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in Sanmina by 6.9% during the 1st quarter. BlackRock Inc. now owns 10,964,625 shares of the electronics maker’s stock valued at $668,732,000 after purchasing an additional 705,600 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Sanmina by 0.6% during the first quarter. Vanguard Group Inc. now owns 6,977,940 shares of the electronics maker’s stock valued at $282,048,000 after buying an additional 40,223 shares during the period. State Street Corp grew its stake in shares of Sanmina by 2.7% during the first quarter. State Street Corp now owns 2,558,148 shares of the electronics maker’s stock valued at $103,400,000 after buying an additional 67,685 shares during the last quarter. LSV Asset Management raised its holdings in shares of Sanmina by 0.3% in the second quarter. LSV Asset Management now owns 1,945,388 shares of the electronics maker’s stock worth $117,249,000 after buying an additional 5,273 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Sanmina by 3.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,284,071 shares of the electronics maker’s stock worth $77,391,000 after acquiring an additional 45,088 shares during the last quarter. Hedge funds and other institutional investors own 90.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Sanmina in a research report on Thursday, August 17th. They set a “buy” rating for the company.

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.