Federated Hermes Inc. Purchases 366 Shares of Sanmina Co. (NASDAQ:SANM)

Federated Hermes Inc. lifted its position in shares of Sanmina Co. (NASDAQ:SANM) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,246 shares of the electronics maker’s stock after purchasing an additional 366 shares during the quarter. Federated Hermes Inc.’s holdings in Sanmina were worth $475,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its position in Sanmina by 498.3% during the 3rd quarter. FMR LLC now owns 489,308 shares of the electronics maker’s stock valued at $26,560,000 after buying an additional 407,528 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of Sanmina by 19.1% during the third quarter. Earnest Partners LLC now owns 1,182,552 shares of the electronics maker’s stock valued at $64,189,000 after acquiring an additional 189,832 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Sanmina by 60.0% in the 3rd quarter. New York State Common Retirement Fund now owns 367,621 shares of the electronics maker’s stock worth $19,954,000 after purchasing an additional 137,922 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Sanmina by 25.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 486,781 shares of the electronics maker’s stock worth $26,422,000 after purchasing an additional 98,264 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Sanmina by 56.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 214,852 shares of the electronics maker’s stock valued at $11,662,000 after purchasing an additional 77,889 shares during the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Price Performance

NASDAQ SANM opened at $61.76 on Friday. Sanmina Co. has a one year low of $43.40 and a one year high of $69.69. The stock has a 50-day moving average of $61.38 and a 200 day moving average of $55.58. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.23 and a current ratio of 2.00. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 0.90 and a beta of 1.01.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, April 29th. The electronics maker reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.21. Sanmina had a net margin of 3.11% and a return on equity of 11.98%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business posted $1.37 earnings per share. The business’s revenue for the quarter was down 20.9% on a year-over-year basis. On average, sell-side analysts forecast that Sanmina Co. will post 5 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SANM shares. Craig Hallum reaffirmed a “hold” rating and issued a $62.00 target price on shares of Sanmina in a report on Tuesday. Fox Advisors initiated coverage on Sanmina in a research report on Wednesday, March 6th. They issued an “overweight” rating and a $80.00 price objective on the stock.

Insiders Place Their Bets

In other news, Director Susan A. Johnson sold 1,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $60.64, for a total transaction of $60,640.00. Following the transaction, the director now directly owns 7,811 shares of the company’s stock, valued at approximately $473,659.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.09% of the stock is currently owned by insiders.

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.