Diversified Trust Co Decreases Position in Sanmina Corporation (NASDAQ:SANM)

Diversified Trust Co lessened its holdings in Sanmina Corporation (NASDAQ:SANM) by 5.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,338 shares of the electronics maker’s stock after selling 1,179 shares during the period. Diversified Trust Co’s holdings in Sanmina were worth $1,549,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SANM. Point72 Asia Singapore Pte. Ltd. purchased a new position in Sanmina in the 4th quarter valued at approximately $90,000. Smartleaf Asset Management LLC raised its holdings in shares of Sanmina by 283.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,428 shares of the electronics maker’s stock valued at $108,000 after purchasing an additional 1,056 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Sanmina by 843.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,726 shares of the electronics maker’s stock valued at $131,000 after purchasing an additional 1,543 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Sanmina by 34.1% in the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the electronics maker’s stock valued at $131,000 after purchasing an additional 437 shares in the last quarter. Finally, Sage Rhino Capital LLC acquired a new stake in shares of Sanmina in the 4th quarter valued at $214,000. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Sanmina Price Performance

Shares of NASDAQ:SANM opened at $98.07 on Friday. The company’s fifty day moving average price is $84.73 and its 200 day moving average price is $81.32. Sanmina Corporation has a 12 month low of $61.52 and a 12 month high of $98.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.96 and a quick ratio of 1.22. The firm has a market capitalization of $5.24 billion, a P/E ratio of 22.70, a P/E/G ratio of 1.49 and a beta of 1.14.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, April 28th. The electronics maker reported $1.41 EPS for the quarter, topping the consensus estimate of $1.38 by $0.03. Sanmina had a net margin of 3.09% and a return on equity of 10.84%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the business earned $1.30 EPS. Sanmina’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, sell-side analysts predict that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SANM has been the topic of a number of analyst reports. Bank of America raised their price objective on shares of Sanmina from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Monday, June 9th. Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 24th.

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.