Delphi Management Inc. MA Has $1.31 Million Stock Holdings in Sanmina Co. (NASDAQ:SANM)

Delphi Management Inc. MA lifted its stake in Sanmina Co. (NASDAQ:SANM - Free Report) by 103.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,209 shares of the electronics maker's stock after acquiring an additional 8,739 shares during the quarter. Delphi Management Inc. MA's holdings in Sanmina were worth $1,311,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC lifted its stake in Sanmina by 296.3% in the third quarter. Barclays PLC now owns 92,863 shares of the electronics maker's stock valued at $6,358,000 after acquiring an additional 69,431 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Sanmina by 6.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,200 shares of the electronics maker's stock valued at $166,000 after purchasing an additional 125 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Sanmina by 36.8% in the fourth quarter. SG Americas Securities LLC now owns 5,800 shares of the electronics maker's stock worth $439,000 after purchasing an additional 1,559 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Sanmina by 3.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,501 shares of the electronics maker's stock worth $416,000 after purchasing an additional 185 shares in the last quarter. Finally, KBC Group NV increased its position in Sanmina by 25.6% during the fourth quarter. KBC Group NV now owns 2,274 shares of the electronics maker's stock worth $172,000 after buying an additional 463 shares during the last quarter. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Sanmina Stock Performance

Shares of Sanmina stock traded down $0.07 on Wednesday, reaching $88.09. The stock had a trading volume of 159,479 shares, compared to its average volume of 426,656. Sanmina Co. has a fifty-two week low of $61.52 and a fifty-two week high of $91.12. The business's 50-day moving average price is $79.06 and its two-hundred day moving average price is $79.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 2.06. The stock has a market cap of $4.71 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 1.29 and a beta of 1.10.

Sanmina (NASDAQ:SANM - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The electronics maker reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.03. The company had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.97 billion. Sanmina had a net margin of 2.99% and a return on equity of 10.61%. The business's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 earnings per share. On average, sell-side analysts forecast that Sanmina Co. will post 5.15 EPS for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen raised Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th.

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.