Affinity Investment Advisors LLC Sells 4,636 Shares of Sanmina Co. (NASDAQ:SANM)

Affinity Investment Advisors LLC lessened its holdings in Sanmina Co. (NASDAQ:SANM) by 42.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,284 shares of the electronics maker’s stock after selling 4,636 shares during the period. Affinity Investment Advisors LLC’s holdings in Sanmina were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in SANM. Principal Securities Inc. bought a new position in shares of Sanmina in the fourth quarter valued at about $64,000. Quest Partners LLC acquired a new stake in Sanmina during the fourth quarter worth approximately $126,000. Blue Trust Inc. boosted its holdings in shares of Sanmina by 21.2% during the fourth quarter. Blue Trust Inc. now owns 2,448 shares of the electronics maker’s stock worth $133,000 after acquiring an additional 428 shares during the period. CI Investments Inc. grew its position in shares of Sanmina by 3,686.4% in the third quarter. CI Investments Inc. now owns 3,067 shares of the electronics maker’s stock valued at $166,000 after purchasing an additional 2,986 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Sanmina during the third quarter worth approximately $232,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on SANM. Craig Hallum reaffirmed a “hold” rating and issued a $62.00 price objective on shares of Sanmina in a report on Tuesday, April 30th. Fox Advisors began coverage on shares of Sanmina in a research report on Wednesday, March 6th. They set an “overweight” rating and a $80.00 price target on the stock.

Insiders Place Their Bets

In related news, EVP Alan Mcwilliams Reid sold 3,528 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $65.43, for a total value of $230,837.04. Following the sale, the executive vice president now directly owns 37,651 shares of the company’s stock, valued at $2,463,504.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Sanmina news, Director Eugene A. Delaney sold 7,181 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $64.91, for a total value of $466,118.71. Following the completion of the transaction, the director now owns 100,887 shares of the company’s stock, valued at approximately $6,548,575.17. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Alan Mcwilliams Reid sold 3,528 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $65.43, for a total value of $230,837.04. Following the completion of the transaction, the executive vice president now owns 37,651 shares of the company’s stock, valued at $2,463,504.93. The disclosure for this sale can be found here. Insiders sold 11,103 shares of company stock worth $720,600 over the last three months. Insiders own 3.09% of the company’s stock.

Sanmina Price Performance

Sanmina stock traded up $0.49 during mid-day trading on Wednesday, reaching $67.36. 170,048 shares of the company were exchanged, compared to its average volume of 470,808. The firm has a market cap of $3.76 billion, a PE ratio of 15.91, a PEG ratio of 1.02 and a beta of 1.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.00 and a quick ratio of 1.25. The company has a fifty day simple moving average of $61.68 and a 200-day simple moving average of $56.84. Sanmina Co. has a 12 month low of $43.40 and a 12 month high of $69.69.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, April 29th. The electronics maker reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.21. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Sanmina had a net margin of 3.11% and a return on equity of 11.98%. Sanmina’s revenue was down 20.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.37 earnings per share. As a group, equities research analysts expect that Sanmina Co. will post 4.86 earnings per share for the current fiscal year.

About Sanmina

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.