Semanteon Capital Management LP Acquires Shares of 15,685 Sanmina Co. (NASDAQ:SANM)

Semanteon Capital Management LP acquired a new stake in Sanmina Co. (NASDAQ:SANM) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,685 shares of the electronics maker’s stock, valued at approximately $806,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Islay Capital Management LLC grew its holdings in Sanmina by 2.0% in the 3rd quarter. Islay Capital Management LLC now owns 13,833 shares of the electronics maker’s stock valued at $751,000 after buying an additional 268 shares in the last quarter. Navellier & Associates Inc. lifted its position in shares of Sanmina by 5.1% during the 3rd quarter. Navellier & Associates Inc. now owns 6,599 shares of the electronics maker’s stock valued at $358,000 after acquiring an additional 318 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in shares of Sanmina by 3.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 8,765 shares of the electronics maker’s stock valued at $476,000 after acquiring an additional 327 shares during the period. Jennison Associates LLC lifted its position in shares of Sanmina by 1.2% during the 3rd quarter. Jennison Associates LLC now owns 27,382 shares of the electronics maker’s stock valued at $1,486,000 after acquiring an additional 337 shares during the period. Finally, Raymond James & Associates lifted its position in shares of Sanmina by 0.7% during the 3rd quarter. Raymond James & Associates now owns 49,351 shares of the electronics maker’s stock valued at $2,679,000 after acquiring an additional 345 shares during the period. 92.71% of the stock is owned by institutional investors and hedge funds.

Sanmina Price Performance

Shares of NASDAQ:SANM traded up $0.28 during trading on Friday, reaching $62.97. 381,962 shares of the company traded hands, compared to its average volume of 493,585. The company’s 50 day moving average is $61.16 and its two-hundred day moving average is $55.23. The firm has a market capitalization of $3.58 billion, a PE ratio of 13.67, a PEG ratio of 0.97 and a beta of 1.04. The company has a quick ratio of 1.23, a current ratio of 1.99 and a debt-to-equity ratio of 0.14. Sanmina Co. has a 52 week low of $43.40 and a 52 week high of $69.69.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, January 29th. The electronics maker reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.08. Sanmina had a return on equity of 13.16% and a net margin of 3.25%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the company earned $1.49 EPS. Sanmina’s revenue for the quarter was down 20.4% on a year-over-year basis. As a group, sell-side analysts predict that Sanmina Co. will post 4.7 earnings per share for the current year.

Analyst Ratings Changes

Separately, Fox Advisors initiated coverage on Sanmina in a research report on Wednesday, March 6th. They set an “overweight” rating and a $80.00 target price for the company.

Insider Buying and Selling

In related news, Director Susan A. Johnson sold 1,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $60.64, for a total transaction of $60,640.00. Following the completion of the sale, the director now directly owns 7,811 shares in the company, valued at approximately $473,659.04. The sale was disclosed in a filing with the SEC, which is available through this link. 3.09% of the stock is owned by corporate insiders.

Sanmina 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.