Semanteon Capital Management LP Makes New Investment in Sanmina Co. (NASDAQ:SANM)

Semanteon Capital Management LP acquired a new position in shares of Sanmina Co. (NASDAQ:SANM) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,685 shares of the electronics maker’s stock, valued at approximately $806,000.

Several other large investors also recently added to or reduced their stakes in SANM. Blue Trust Inc. increased its position in shares of 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 purchasing an additional 428 shares in the last quarter. CI Investments Inc. increased its position in shares of Sanmina by 3,686.4% in 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 during the period. GW Henssler & Associates Ltd. acquired a new position in shares of Sanmina in the 3rd quarter valued at $203,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Sanmina in the 3rd quarter valued at $232,000. Finally, Headlands Technologies LLC increased its position in shares of Sanmina by 31.7% in the 3rd quarter. Headlands Technologies LLC now owns 4,294 shares of the electronics maker’s stock valued at $233,000 after acquiring an additional 1,034 shares during the period. 92.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Fox Advisors initiated coverage on shares of Sanmina in a report on Wednesday, March 6th. They issued an “overweight” rating and a $80.00 price target on the stock.

Insider Transactions at Sanmina

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

Sanmina Stock Performance

NASDAQ:SANM traded up $0.28 during mid-day trading on Friday, hitting $62.97. The company’s stock had a trading volume of 381,962 shares, compared to its average volume of 493,585. Sanmina Co. has a 1 year low of $43.40 and a 1 year high of $69.69. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.99 and a quick ratio of 1.23. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 0.97 and a beta of 1.04. The business’s fifty day moving average is $61.16 and its two-hundred day moving average is $55.23.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, January 29th. The electronics maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.22 by $0.08. Sanmina had a net margin of 3.25% and a return on equity of 13.16%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the company earned $1.49 earnings per share. The firm’s revenue was down 20.4% on a year-over-year basis. Analysts anticipate that Sanmina Co. will post 4.7 EPS for the current fiscal year.

About Sanmina

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.