EP Wealth Advisors LLC Invests $250,000 in Sanmina Co. (NASDAQ:SANM)

EP Wealth Advisors LLC bought a new position in shares of Sanmina Co. (NASDAQ:SANM) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 3,300 shares of the electronics maker’s stock, valued at approximately $250,000.

Several other institutional investors also recently modified their holdings of the stock. R Squared Ltd bought a new position in shares of Sanmina during the 4th quarter valued at about $58,000. Principal Securities Inc. lifted its holdings in shares of Sanmina by 13.6% during the 4th quarter. Principal Securities Inc. now owns 1,388 shares of the electronics maker’s stock valued at $105,000 after purchasing an additional 166 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Sanmina by 283.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,428 shares of the electronics maker’s stock valued at $108,000 after purchasing an additional 1,056 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Sanmina by 843.2% during the 4th quarter. Sterling Capital Management LLC now owns 1,726 shares of the electronics maker’s stock valued at $131,000 after purchasing an additional 1,543 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Sanmina by 6.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,200 shares of the electronics maker’s stock valued at $166,000 after purchasing an additional 125 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sanmina

In other Sanmina news, Director Mario M. Rosati sold 11,391 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $86.02, for a total value of $979,853.82. Following the sale, the director now owns 80,295 shares in the company, valued at approximately $6,906,975.90. The trade was a 12.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SANM. StockNews.com cut Sanmina from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Bank of America upgraded Sanmina from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $58.00 to $92.00 in a report on Wednesday, January 29th.

Sanmina Trading Up 2.2%

NASDAQ SANM opened at $85.27 on Wednesday. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 1.29 and a beta of 1.10. The stock’s 50 day moving average price is $76.78 and its two-hundred day moving average price is $79.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 2.06. Sanmina Co. has a 52 week low of $61.52 and a 52 week high of $91.12.

Sanmina (NASDAQ:SANM) last released its earnings results on Monday, April 28th. The electronics maker reported $1.41 EPS for the quarter, beating the consensus estimate of $1.38 by $0.03. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Sanmina had a return on equity of 10.61% and a net margin of 2.99%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.30 EPS. As a group, analysts anticipate that Sanmina Co. will post 5.15 earnings per share for the current fiscal year.

Sanmina announced that its Board of Directors has initiated a share repurchase program on Monday, January 27th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the electronics maker to reacquire up to 7.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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.