Eugene A. Delaney Sells 8,688 Shares of Sanmina Co. (NASDAQ:SANM) Stock

Sanmina Co. (NASDAQ:SANM) Director Eugene A. Delaney sold 8,688 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $74.83, for a total transaction of $650,123.04. Following the completion of the sale, the director now owns 92,199 shares of the company’s stock, valued at approximately $6,899,251.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Sanmina Stock Performance

SANM stock opened at $65.01 on Friday. Sanmina Co. has a one year low of $43.40 and a one year high of $76.84. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 1.98 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.25 and a current ratio of 2.03. The firm has a 50-day simple moving average of $68.56 and a two-hundred day simple moving average of $63.55.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, July 29th. The electronics maker reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Sanmina had a net margin of 2.93% and a return on equity of 10.79%. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the company earned $1.37 EPS. The company’s revenue was down 16.6% on a year-over-year basis. On average, equities analysts forecast that Sanmina Co. will post 4.24 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Craig Hallum reissued a “hold” rating and set a $62.00 price objective on shares of Sanmina in a report on Tuesday, April 30th. StockNews.com cut Sanmina from a “buy” rating to a “hold” rating in a research report on Friday, July 19th.

Institutional Trading of Sanmina

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its position in Sanmina by 108.4% during the 2nd quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker’s stock valued at $33,000 after buying an additional 257 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Sanmina during the fourth quarter worth about $64,000. Delta Asset Management LLC TN purchased a new stake in shares of Sanmina during the fourth quarter worth about $85,000. Innealta Capital LLC acquired a new position in shares of Sanmina during the second quarter valued at about $116,000. Finally, Quest Partners LLC purchased a new position in shares of Sanmina in the 4th quarter valued at approximately $126,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

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.