Captrust Financial Advisors Increases Holdings in Sanmina Co. (NASDAQ:SANM)

Captrust Financial Advisors raised its stake in shares of Sanmina Co. (NASDAQ:SANM) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,223 shares of the electronics maker’s stock after buying an additional 534 shares during the quarter. Captrust Financial Advisors’ holdings in Sanmina were worth $622,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SANM. Barclays PLC raised its stake in shares of Sanmina by 296.3% in the third quarter. Barclays PLC now owns 92,863 shares of the electronics maker’s stock worth $6,358,000 after purchasing an additional 69,431 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Sanmina by 32.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,724 shares of the electronics maker’s stock worth $357,000 after purchasing an additional 1,168 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Sanmina by 88.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 264,829 shares of the electronics maker’s stock worth $20,040,000 after purchasing an additional 124,190 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Sanmina by 3.3% in the fourth quarter. Park Avenue Securities LLC now owns 4,008 shares of the electronics maker’s stock worth $303,000 after purchasing an additional 129 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its stake in shares of Sanmina by 5.0% in the fourth quarter. Atomi Financial Group Inc. now owns 5,028 shares of the electronics maker’s stock worth $380,000 after purchasing an additional 240 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Insider Activity at Sanmina

In related news, Director Mario M. Rosati sold 11,391 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $86.02, for a total transaction of $979,853.82. Following the completion of the sale, the director now directly owns 80,295 shares in the company, valued at approximately $6,906,975.90. The trade was a 12.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.22% of the stock is currently owned by company insiders.

Sanmina Stock Performance

Shares of SANM opened at $84.56 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.06 and a quick ratio of 1.30. Sanmina Co. has a one year low of $61.52 and a one year high of $91.12. The firm has a market capitalization of $4.52 billion, a P/E ratio of 20.67, a PEG ratio of 1.29 and a beta of 1.10. The business has a fifty day moving average of $77.35 and a 200 day moving average of $79.41.

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

Sanmina announced that its board has initiated a stock buyback plan on Monday, January 27th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the electronics maker to buy up to 7.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

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.