Sanmina Corporation (NASDAQ:SANM) Shares Sold by Diversified Trust Co

Diversified Trust Co cut its holdings in Sanmina Corporation (NASDAQ:SANM) by 5.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,338 shares of the electronics maker’s stock after selling 1,179 shares during the quarter. Diversified Trust Co’s holdings in Sanmina were worth $1,549,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. FMR LLC increased its stake in Sanmina by 14.2% in the fourth quarter. FMR LLC now owns 1,959,025 shares of the electronics maker’s stock valued at $148,239,000 after purchasing an additional 243,258 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Sanmina by 39.6% in the fourth quarter. Franklin Resources Inc. now owns 1,842,302 shares of the electronics maker’s stock valued at $139,407,000 after acquiring an additional 522,534 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Sanmina by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,536,367 shares of the electronics maker’s stock valued at $116,277,000 after acquiring an additional 21,239 shares in the last quarter. Earnest Partners LLC boosted its holdings in shares of Sanmina by 1.8% in the fourth quarter. Earnest Partners LLC now owns 1,073,818 shares of the electronics maker’s stock valued at $81,256,000 after acquiring an additional 19,144 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its holdings in shares of Sanmina by 9.9% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,005,158 shares of the electronics maker’s stock valued at $76,060,000 after acquiring an additional 90,627 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SANM has been the topic of several analyst reports. Bank of America lifted their target price on shares of Sanmina from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Monday, June 9th. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 24th.

Sanmina Stock Up 1.1%

Shares of NASDAQ:SANM opened at $98.07 on Friday. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 1.49 and a beta of 1.14. The firm’s 50-day simple moving average is $84.73 and its 200-day simple moving average is $81.32. The company has a quick ratio of 1.22, a current ratio of 1.96 and a debt-to-equity ratio of 0.12. Sanmina Corporation has a fifty-two week low of $61.52 and a fifty-two week high of $98.46.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, April 28th. The electronics maker reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.03. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. Sanmina had a net margin of 3.09% and a return on equity of 10.84%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.30 earnings per share. As a group, equities research analysts predict that Sanmina Corporation will post 5.15 earnings per share for the current year.

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.