Reilly Financial Advisors LLC Takes Position in Sanmina Corp (NASDAQ:SANM)

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Reilly Financial Advisors LLC bought a new stake in shares of Sanmina Corp (NASDAQ:SANM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 292,555 shares of the electronics maker’s stock, valued at approximately $9,394,000.

Other large investors have also bought and sold shares of the company. Ellington Management Group LLC purchased a new position in Sanmina in the 2nd quarter valued at about $394,000. Vanguard Group Inc. lifted its position in Sanmina by 0.6% in the second quarter. Vanguard Group Inc. now owns 7,026,150 shares of the electronics maker’s stock valued at $212,753,000 after acquiring an additional 44,305 shares during the last quarter. Atria Investments LLC purchased a new stake in Sanmina in the second quarter valued at $727,000. GAM Holding AG lifted its position in Sanmina by 99.3% in the second quarter. GAM Holding AG now owns 47,781 shares of the electronics maker’s stock valued at $1,447,000 after acquiring an additional 23,811 shares during the last quarter. Finally, Balter Liquid Alternatives LLC lifted its position in Sanmina by 31.9% in the second quarter. Balter Liquid Alternatives LLC now owns 86,794 shares of the electronics maker’s stock valued at $2,628,000 after acquiring an additional 20,983 shares during the last quarter. Hedge funds and other institutional investors own 92.98% of the company’s stock.

In other news, SVP Brent Billinger sold 931 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $30.12, for a total transaction of $28,041.72. Following the transaction, the senior vice president now directly owns 20,877 shares in the company, valued at $628,815.24. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.55% of the company’s stock.

Shares of NASDAQ:SANM traded up $0.46 on Tuesday, reaching $30.78. The company’s stock had a trading volume of 15,310 shares, compared to its average volume of 283,680. The stock’s 50-day moving average is $30.77 and its two-hundred day moving average is $30.41. Sanmina Corp has a 52-week low of $22.30 and a 52-week high of $34.71. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.64 and a quick ratio of 1.14. The stock has a market capitalization of $2.12 billion, a P/E ratio of 16.77, a PEG ratio of 0.68 and a beta of 1.35.

Sanmina (NASDAQ:SANM) last announced its earnings results on Monday, July 29th. The electronics maker reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Sanmina had a net margin of 1.55% and a return on equity of 13.98%. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the company earned $0.55 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. Equities analysts forecast that Sanmina Corp will post 2.98 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on SANM shares. Zacks Investment Research cut shares of Sanmina from a “hold” rating to a “sell” rating in a report on Tuesday, September 17th. BidaskClub raised shares of Sanmina from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Finally, ValuEngine cut shares of Sanmina from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Sanmina has a consensus rating of “Hold” and an average target price of $33.00.

Sanmina Company Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two segments, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, and manufacturing design release; manufacturing solutions of components, subassemblies, and complete systems; final system assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services.

Further Reading: Understanding Market Liquidity

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Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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