Concurrent Investment Advisors LLC Acquires Shares of 37,379 Sanmina Corporation $SANM

Key Points

• Concurrent Investment Advisors LLC opened a new position in Sanmina, buying 37,379 shares worth about $5.61 million, equal to roughly a 0.07% stake in the company.
• Company insiders have been net sellers recently: the CFO sold 10,075 shares (~$1.60 million) and the EVP sold 3,500 shares (~$520k), with insiders offloading 14,599 shares (~$2.29 million) last quarter and now owning 3.10% of the stock.
• Sanmina beat Q4 estimates (EPS $2.38 vs. $2.15; revenue $3.19B, up 59% YoY), shares trade near a 12‑month high (~$192), but analysts are largely neutral with a consensus target of $150 and a majority "Hold" rating.

Concurrent Investment Advisors LLC acquired a new position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 37,379 shares of the electronics maker's stock, valued at approximately $5,609,000. Concurrent Investment Advisors LLC owned about 0.07% of Sanmina as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Optiver Holding B.V. grew its stake in Sanmina by 36.6% during the 3rd quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker's stock worth $25,000 after buying an additional 59 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Sanmina during the third quarter worth approximately $26,000. Root Financial Partners LLC purchased a new stake in Sanmina in the third quarter valued at approximately $34,000. Salomon & Ludwin LLC purchased a new stake in Sanmina in the third quarter valued at approximately $41,000. Finally, Federated Hermes Inc. boosted its holdings in shares of Sanmina by 88.6% in the third quarter. Federated Hermes Inc. now owns 464 shares of the electronics maker's stock valued at $53,000 after acquiring an additional 218 shares during the period. 92.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Jonathan P. Faust sold 10,075 shares of Sanmina stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $159.30, for a total value of $1,604,947.50. Following the sale, the chief financial officer owned 87,076 shares of the company's stock, valued at $13,871,206.80. The trade was a 10.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alan Mcwilliams Reid sold 3,500 shares of the business's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $148.45, for a total transaction of $519,575.00. Following the transaction, the executive vice president owned 33,981 shares in the company, valued at approximately $5,044,479.45. This trade represents a 9.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 14,599 shares of company stock worth $2,290,728. 3.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Zacks Research cut shares of Sanmina from a "strong-buy" rating to a "hold" rating in a report on Monday, March 30th. Susquehanna started coverage on shares of Sanmina in a research note on Wednesday, April 1st. They set a "neutral" rating and a $135.00 price target for the company. JPMorgan Chase & Co. started coverage on shares of Sanmina in a research report on Monday, March 30th. They set a "neutral" rating and a $145.00 price objective on the stock. Argus lifted their price objective on shares of Sanmina to $200.00 and gave the company a "buy" rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings cut shares of Sanmina from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, April 1st. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $150.00.

Sanmina Stock Performance

NASDAQ:SANM opened at $192.16 on Monday. Sanmina Corporation has a 12-month low of $74.90 and a 12-month high of $193.53. The company has a current ratio of 1.70, a quick ratio of 1.04 and a debt-to-equity ratio of 0.75. The stock's 50 day simple moving average is $143.09 and its 200-day simple moving average is $149.53. The firm has a market cap of $10.49 billion, a P/E ratio of 45.86, a PEG ratio of 0.85 and a beta of 1.05.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its quarterly earnings results on Monday, January 26th. The electronics maker reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.23. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.09 billion. Sanmina had a return on equity of 13.06% and a net margin of 2.47%.The company's revenue for the quarter was up 59.0% on a year-over-year basis. During the same period last year, the company earned $1.16 earnings per share. Equities analysts anticipate that Sanmina Corporation will post 8.69 EPS for the current year.

Sanmina Company Profile

Sanmina Corporation is a leading global electronics manufacturing services (EMS) provider specializing in the design, production and end-to-end supply chain solutions for complex electronic products. Founded in 1980, the company has built a reputation for delivering high-reliability manufacturing across a wide range of industries, including communications, computing, aerospace and defense, medical, automotive and industrial sectors.

Sanmina's core offerings encompass product design and engineering support, precision PCB fabrication and assembly, system integration, testing, and final system deployment.

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