David V. Hedley III Sells 394 Shares of Sanmina Co. (NASDAQ:SANM) Stock

Sanmina Co. (NASDAQ:SANM) Director David V. Hedley III sold 394 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $52.36, for a total value of $20,629.84. Following the sale, the director now directly owns 3,540 shares of the company’s stock, valued at $185,354.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Sanmina Stock Performance

NASDAQ:SANM traded up $0.76 during trading hours on Tuesday, reaching $53.01. The stock had a trading volume of 232,190 shares, compared to its average volume of 409,327. The stock has a market cap of $3.09 billion, a P/E ratio of 10.22 and a beta of 1.20. The stock has a 50 day simple moving average of $56.38 and a 200 day simple moving average of $56.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.14 and a current ratio of 1.83. Sanmina Co. has a 12-month low of $44.29 and a 12-month high of $69.28.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.02. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.25 billion. Sanmina had a return on equity of 15.77% and a net margin of 3.40%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 EPS.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Sanmina in a report on Thursday, August 17th. They set a “buy” rating for the company.

Institutional Trading of Sanmina

A number of institutional investors have recently modified their holdings of SANM. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Sanmina by 0.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 61,791 shares of the electronics maker’s stock valued at $3,769,000 after acquiring an additional 328 shares during the period. PNC Financial Services Group Inc. grew its holdings in Sanmina by 20.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,185 shares of the electronics maker’s stock valued at $354,000 after buying an additional 1,044 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Sanmina by 8.2% in the first quarter. State of New Jersey Common Pension Fund D now owns 37,958 shares of the electronics maker’s stock worth $2,315,000 after buying an additional 2,867 shares in the last quarter. Moloney Securities Asset Management LLC boosted its position in shares of Sanmina by 7.4% in the first quarter. Moloney Securities Asset Management LLC now owns 13,650 shares of the electronics maker’s stock valued at $833,000 after acquiring an additional 937 shares during the period. Finally, Global Alpha Capital Management Ltd. grew its stake in Sanmina by 5.6% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 355,440 shares of the electronics maker’s stock valued at $20,363,000 after acquiring an additional 18,900 shares in the last quarter. 90.26% of the stock is currently owned by hedge funds and other institutional investors.

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.