Sanmina (NASDAQ:SANM) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Sanmina (NASDAQ:SANM – Get Rating) in a research report sent to investors on Thursday morning. The firm issued a strong-buy rating on the electronics maker’s stock.

Sanmina Price Performance

Shares of NASDAQ:SANM opened at $56.74 on Thursday. The firm has a 50 day moving average of $60.59 and a 200-day moving average of $57.69. The stock has a market capitalization of $3.31 billion, a PE ratio of 12.12 and a beta of 1.17. The company has a current ratio of 1.68, a quick ratio of 1.02 and a debt-to-equity ratio of 0.15. Sanmina has a 12 month low of $36.35 and a 12 month high of $69.28.

Sanmina (NASDAQ:SANM – Get Rating) last issued its earnings results on Monday, January 30th. The electronics maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.38 by $0.26. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Sanmina had a net margin of 3.37% and a return on equity of 15.85%. The business’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 EPS.

Insider Buying and Selling

In related news, SVP Brent Billinger sold 4,736 shares of the company’s stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $63.43, for a total transaction of $300,404.48. Following the completion of the transaction, the senior vice president now directly owns 10 shares in the company, valued at approximately $634.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Alan Mcwilliams Reid sold 8,616 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $65.30, for a total transaction of $562,624.80. Following the completion of the transaction, the executive vice president now directly owns 32,344 shares in the company, valued at approximately $2,112,063.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Brent Billinger sold 4,736 shares of the company’s stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $63.43, for a total transaction of $300,404.48. Following the completion of the transaction, the senior vice president now owns 10 shares of the company’s stock, valued at $634.30. The disclosure for this sale can be found here. Insiders sold a total of 33,371 shares of company stock worth $2,107,072 in the last three months. 3.03% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sanmina

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Sanmina by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 6,977,940 shares of the electronics maker’s stock valued at $282,048,000 after acquiring an additional 40,223 shares during the period. Dimensional Fund Advisors LP increased its position in Sanmina by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,749,730 shares of the electronics maker’s stock valued at $272,113,000 after acquiring an additional 74,479 shares during the period. State Street Corp increased its position in Sanmina by 2.7% in the 1st quarter. State Street Corp now owns 2,558,148 shares of the electronics maker’s stock valued at $103,400,000 after acquiring an additional 67,685 shares during the period. Geode Capital Management LLC increased its position in Sanmina by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,231,960 shares of the electronics maker’s stock valued at $70,578,000 after acquiring an additional 15,660 shares during the period. Finally, Morgan Stanley increased its position in Sanmina by 53.9% in the 4th quarter. Morgan Stanley now owns 1,090,322 shares of the electronics maker’s stock valued at $62,465,000 after acquiring an additional 381,997 shares during the period. 91.22% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Company Profile

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Sanmina Corp. engages in the provision of integrated manufacturing solutions, components, products and repair, logistics and after-market services. It operates through the following segments: Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). The IMS segment consists of printed circuit board assembly and test, final system assembly and test and direct-order-fulfillment.