Foundry Partners LLC Has $8.72 Million Holdings in Sanmina Co. (NASDAQ:SANM)

Foundry Partners LLC lifted its holdings in Sanmina Co. (NASDAQ:SANM) by 5.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 131,552 shares of the electronics maker’s stock after acquiring an additional 6,646 shares during the period. Foundry Partners LLC owned approximately 0.24% of Sanmina worth $8,715,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. TD Asset Management Inc grew its stake in shares of Sanmina by 10.7% in the second quarter. TD Asset Management Inc now owns 67,500 shares of the electronics maker’s stock valued at $4,472,000 after acquiring an additional 6,500 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Sanmina by 11.0% in the second quarter. Natixis Advisors LLC now owns 15,298 shares of the electronics maker’s stock valued at $1,013,000 after acquiring an additional 1,513 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in Sanmina during the second quarter worth about $1,310,000. Innealta Capital LLC acquired a new stake in Sanmina during the second quarter worth about $116,000. Finally, Panagora Asset Management Inc. grew its stake in Sanmina by 8.3% during the second quarter. Panagora Asset Management Inc. now owns 354,588 shares of the electronics maker’s stock worth $23,491,000 after buying an additional 27,268 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Sanmina from a “buy” rating to a “hold” rating in a research note on Friday, July 19th.

Insider Transactions at Sanmina

In other news, Director Eugene A. Delaney sold 8,688 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $74.83, for a total value of $650,123.04. Following the completion of the transaction, the director now owns 92,199 shares of the company’s stock, valued at $6,899,251.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Jure Sola sold 82,328 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $69.67, for a total value of $5,735,791.76. Following the completion of the transaction, the chief executive officer now owns 1,198,594 shares in the company, valued at approximately $83,506,043.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Eugene A. Delaney sold 8,688 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 92,199 shares of the company’s stock, valued at approximately $6,899,251.17. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,320 shares of company stock valued at $7,294,883. 3.09% of the stock is currently owned by insiders.

Sanmina Price Performance

Sanmina stock traded down $0.65 during trading hours on Friday, reaching $64.90. 24,836 shares of the stock were exchanged, compared to its average volume of 433,132. The company has a market cap of $3.55 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 1.89 and a beta of 0.90. The company has a current ratio of 2.03, a quick ratio of 1.27 and a debt-to-equity ratio of 0.13. Sanmina Co. has a twelve month low of $43.40 and a twelve month high of $76.84. The stock has a 50 day moving average of $69.48 and a two-hundred day moving average of $65.53.

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). The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. Sanmina had a return on equity of 10.79% and a net margin of 2.93%. The firm’s revenue was down 16.6% compared to the same quarter last year. During the same period last year, the company posted $1.37 EPS. Equities analysts expect that Sanmina Co. will post 4.24 EPS for the current fiscal year.

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.