Empirical Financial Services LLC d.b.a. Empirical Wealth Management Grows Stock Holdings in Sanmina Co. (NASDAQ:SANM)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Sanmina Co. (NASDAQ:SANM) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,533 shares of the electronics maker’s stock after buying an additional 252 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Sanmina were worth $233,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Sanmina by 0.5% during the third quarter. Vanguard Group Inc. now owns 6,977,925 shares of the electronics maker’s stock worth $378,762,000 after purchasing an additional 33,635 shares during the period. Earnest Partners LLC increased its stake in Sanmina by 19.1% during the 3rd quarter. Earnest Partners LLC now owns 1,182,552 shares of the electronics maker’s stock worth $64,189,000 after buying an additional 189,832 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Sanmina by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 570,137 shares of the electronics maker’s stock worth $30,947,000 after buying an additional 13,491 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Sanmina by 11.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 542,386 shares of the electronics maker’s stock valued at $27,862,000 after buying an additional 55,605 shares during the period. Finally, FMR LLC boosted its position in Sanmina by 498.3% in the 3rd quarter. FMR LLC now owns 489,308 shares of the electronics maker’s stock valued at $26,560,000 after buying an additional 407,528 shares during the period. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Stock Up 0.6 %

Shares of Sanmina stock opened at $65.04 on Friday. The company has a quick ratio of 1.25, a current ratio of 2.00 and a debt-to-equity ratio of 0.13. Sanmina Co. has a 52-week low of $43.40 and a 52-week high of $69.69. The company has a market capitalization of $3.61 billion, a P/E ratio of 15.38, a P/E/G ratio of 0.94 and a beta of 1.01. The company has a 50 day moving average of $61.55 and a 200 day moving average of $55.93.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, April 29th. The electronics maker reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.21. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Sanmina had a net margin of 3.11% and a return on equity of 11.98%. The company’s revenue for the quarter was down 20.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.37 EPS. As a group, research analysts forecast that Sanmina Co. will post 4.86 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on SANM. Fox Advisors began coverage on Sanmina in a research report on Wednesday, March 6th. They set an “overweight” rating and a $80.00 price objective on the stock. Craig Hallum restated a “hold” rating and set a $62.00 price target on shares of Sanmina in a report on Tuesday, April 30th.

Insiders Place Their Bets

In other news, Director Susan A. Johnson sold 1,000 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $60.64, for a total value of $60,640.00. Following the transaction, the director now owns 7,811 shares in the company, valued at approximately $473,659.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.09% of the stock is owned by company insiders.

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.