Keeley Teton Advisors LLC Sells 3,981 Shares of Sanmina Co. (NASDAQ:SANM)

Keeley Teton Advisors LLC reduced its holdings in shares of Sanmina Co. (NASDAQ:SANM) by 15.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 22,380 shares of the electronics maker’s stock after selling 3,981 shares during the period. Keeley Teton Advisors LLC’s holdings in Sanmina were worth $1,392,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Sanmina by 2.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,411 shares of the electronics maker’s stock worth $464,000 after acquiring an additional 197 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in Sanmina by 1.9% during the 4th quarter. SummerHaven Investment Management LLC now owns 11,473 shares of the electronics maker’s stock worth $589,000 after purchasing an additional 212 shares during the period. Headlands Technologies LLC increased its holdings in Sanmina by 5.1% during the 4th quarter. Headlands Technologies LLC now owns 4,511 shares of the electronics maker’s stock worth $232,000 after purchasing an additional 217 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Sanmina by 5.9% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,533 shares of the electronics maker’s stock worth $233,000 after purchasing an additional 252 shares during the period. Finally, Federated Hermes Inc. increased its holdings in Sanmina by 4.1% during the 4th quarter. Federated Hermes Inc. now owns 9,246 shares of the electronics maker’s stock worth $475,000 after purchasing an additional 366 shares during the period. 92.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Eugene A. Delaney sold 7,181 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $64.91, for a total transaction of $466,118.71. Following the transaction, the director now directly owns 100,887 shares in the company, valued at approximately $6,548,575.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Eugene A. Delaney sold 7,181 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $64.91, for a total transaction of $466,118.71. Following the transaction, the director now directly owns 100,887 shares in the company, valued at approximately $6,548,575.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Alan Mcwilliams Reid sold 3,528 shares of Sanmina 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 approximately $2,463,504.93. The disclosure for this sale can be found here. 3.09% of the stock is owned by company insiders.

Sanmina Stock Up 1.5 %

Shares of NASDAQ:SANM traded up $1.08 on Friday, reaching $74.33. The company had a trading volume of 265,739 shares, compared to its average volume of 305,821. Sanmina Co. has a 52-week low of $43.40 and a 52-week high of $75.35. The firm’s 50 day simple moving average is $68.06 and its 200-day simple moving average is $62.69. The firm has a market capitalization of $4.15 billion, a PE ratio of 17.57, a PEG ratio of 1.65 and a beta of 0.92. The company has a current ratio of 2.00, a quick ratio of 1.25 and a debt-to-equity ratio of 0.13.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, April 29th. The electronics maker reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.21. Sanmina had a return on equity of 11.98% and a net margin of 3.11%. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the business posted $1.37 EPS. The business’s revenue was down 20.9% compared to the same quarter last year. As a group, analysts expect that Sanmina Co. will post 4.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on SANM. Craig Hallum restated a “hold” rating and set a $62.00 price objective on shares of Sanmina in a report on Tuesday, April 30th. StockNews.com downgraded Sanmina from a “buy” rating to a “hold” rating in a report on Friday, July 19th.

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.