Aigen Investment Management LP Purchases 17,050 Shares of Sanmina Co. (NASDAQ:SANM)

Aigen Investment Management LP increased its stake in Sanmina Co. (NASDAQ:SANM - Free Report) by 106.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,081 shares of the electronics maker's stock after buying an additional 17,050 shares during the period. Aigen Investment Management LP owned 0.06% of Sanmina worth $1,699,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SANM. Principal Securities Inc. bought a new stake in shares of Sanmina in the 4th quarter valued at about $64,000. Quest Partners LLC purchased a new stake in Sanmina during the fourth quarter worth $126,000. Blue Trust Inc. lifted its holdings in Sanmina by 21.2% during the fourth quarter. Blue Trust Inc. now owns 2,448 shares of the electronics maker's stock worth $133,000 after buying an additional 428 shares during the period. CI Investments Inc. boosted its position in Sanmina by 3,686.4% during the 3rd quarter. CI Investments Inc. now owns 3,067 shares of the electronics maker's stock valued at $166,000 after acquiring an additional 2,986 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Sanmina in the 3rd quarter worth $232,000. 92.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on SANM. Craig Hallum reaffirmed a "hold" rating and set a $62.00 price objective on shares of Sanmina in a research report on Tuesday, April 30th. Fox Advisors assumed coverage on shares of Sanmina in a research report on Wednesday, March 6th. They issued an "overweight" rating and a $80.00 price objective on the stock.

Insider Transactions at Sanmina

In related news, Director Eugene A. Delaney sold 7,181 shares of the firm's stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $64.91, for a total value of $466,118.71. Following the completion of the transaction, the director now owns 100,887 shares in the company, valued at approximately $6,548,575.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Eugene A. Delaney sold 7,181 shares of the business's stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $64.91, for a total value of $466,118.71. Following the completion of the transaction, the director now directly owns 100,887 shares in the company, valued at approximately $6,548,575.17. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Alan Mcwilliams Reid sold 3,528 shares of the company's stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $65.43, for a total value of $230,837.04. Following the completion of the transaction, the executive vice president now directly owns 37,651 shares of the company's stock, valued at approximately $2,463,504.93. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,103 shares of company stock worth $720,600. Company insiders own 3.09% of the company's stock.

Sanmina Stock Down 0.3 %

NASDAQ:SANM traded down $0.17 during mid-day trading on Tuesday, hitting $66.87. 405,132 shares of the company's stock traded hands, compared to its average volume of 474,028. The company has a fifty day moving average of $61.65 and a 200 day moving average of $56.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.25 and a current ratio of 2.00. Sanmina Co. has a twelve month low of $43.40 and a twelve month high of $69.69. The company has a market capitalization of $3.73 billion, a P/E ratio of 15.73, a P/E/G ratio of 1.02 and a beta of 1.01.

Sanmina (NASDAQ:SANM - Get Free Report) last posted its quarterly earnings data on Monday, April 29th. The electronics maker reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.21. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 earnings per share. On average, analysts forecast that Sanmina Co. will post 4.86 EPS for the current year.

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.