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

Diversified Trust Co raised its position in Sanmina Co. (NASDAQ:SANM) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,517 shares of the electronics maker’s stock after buying an additional 2,069 shares during the quarter. Diversified Trust Co’s holdings in Sanmina were worth $1,628,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Sanmina in the third quarter worth about $32,000. Northwestern Mutual Wealth Management Co. lifted its stake in Sanmina by 24.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker’s stock valued at $56,000 after purchasing an additional 164 shares during the last quarter. GAMMA Investing LLC boosted its position in Sanmina by 88.5% in the third quarter. GAMMA Investing LLC now owns 931 shares of the electronics maker’s stock valued at $64,000 after buying an additional 437 shares in the last quarter. CWM LLC grew its stake in shares of Sanmina by 40.5% during the third quarter. CWM LLC now owns 1,781 shares of the electronics maker’s stock worth $122,000 after buying an additional 513 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Sanmina by 25.5% during the third quarter. KBC Group NV now owns 1,811 shares of the electronics maker’s stock worth $124,000 after buying an additional 368 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Trading Down 0.1 %

Shares of NASDAQ SANM opened at $77.23 on Thursday. The firm has a 50 day moving average price of $78.14 and a two-hundred day moving average price of $71.83. The stock has a market cap of $4.16 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91. Sanmina Co. has a 52-week low of $48.83 and a 52-week high of $86.05. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.25 and a current ratio of 1.99.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. Sanmina’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.20 earnings per share. As a group, equities analysts forecast that Sanmina Co. will post 4.84 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SANM. Craig Hallum raised their price objective on Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. StockNews.com upgraded Sanmina from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st.

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.