In a recent filing with the Securities and Exchange Commission, BTC Capital Management Inc. announced its acquisition of a new stake in shares of Sanmina Co. (NASDAQ:SANM) during the second quarter of the year. The institutional investor purchased 6,586 shares of the electronics maker’s stock, which were valued at approximately $396,000.
Sanmina recently released its quarterly earnings results on July 31st. The company reported earnings per share of $1.55 for the quarter, surpassing analysts’ consensus estimates by $0.02. Additionally, Sanmina achieved a net margin of 3.40% and a return on equity of 15.77%. The business generated revenue of $2.21 billion during this period, slightly below the consensus estimate of $2.25 billion.
Comparing these figures to the same quarter in the previous year, Sanmina experienced notable growth with a 9.1% increase in revenue.
Investors and analysts can derive several insights from these financial results:
1. Strong Earnings: Sanmina outperformed market expectations by exceeding estimated earnings per share by $0.02.
2. Financial Performance: With a net margin of 3.40%, Sanmina demonstrates solid profitability and efficient cost management.
3. Return on Equity: Sanmina’s return on equity stands at an impressive 15.77%, indicating that it effectively utilizes investor funds to generate returns.
4.Revenue Growth: Despite missing consensus estimates by a small margin, Sanmina achieved a commendable 9.1% increase in revenue compared to the same period last year.
This latest development with BTC Capital Management Inc.’s acquisition suggests growing interest among institutional investors in Sanmina’s potential for long-term value appreciation.
Sanmina is an electronics manufacturer that offers end-to-end manufacturing solutions and product life cycle support services to original equipment manufacturers (OEMs) worldwide across various industries such as communications, defense, medical, industrial, and automotive.
The company’s ability to consistently deliver strong financial results while providing comprehensive services to a diverse range of customers reflects its robust business model and market positioning. As Sanmina continues to expand its capabilities and capitalize on the booming electronics industry, it remains an attractive investment opportunity for those seeking exposure to this sector.
Investors should consider thoroughly analyzing Sanmina’s financial reports, monitor industry trends, and evaluate broader market conditions in order to make informed investment decisions. The latest acquisition by BTC Capital Management Inc. serves as a noteworthy indication of the confidence placed in Sanmina’s future prospects within the electronics manufacturing space.
Lam Research Corporation
Updated on: 27/09/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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Analysis of Institutional Holdings and Insider Trading Activities in Sanmina Co.: A Closer Look at Recent Changes and Their Implications
Sanmina Co., a leading electronic manufacturing services provider, has recently seen some significant changes in the holdings of institutional investors and hedge funds. Tucker Asset Management LLC acquired a new stake in Sanmina during the 1st quarter, with an estimated value of $25,000. Similarly, Motco and Gladius Capital Management LP also acquired new stakes in the company during different quarters, valued at $32,000 and $36,000 respectively. Dark Forest Capital Management LP and Cerity Partners LLC also joined the list by acquiring new stakes in Sanmina, valued at $37,000 and $642,000 respectively. Surprisingly, institutional investors and hedge funds now own a substantial 90.26% of the company’s stock.
NASDAQ:SANM began trading at $52.25 on Tuesday. The stock has shown a fifty-day moving average of $56.38 and a two-hundred-day moving average of $56.20. With a quick ratio of 1.14 and a current ratio of 1.83, Sanmina appears to have strong liquidity ratios. Additionally, the company has maintained its debt-to-equity ratio at an impressive 0.14 level over time. However, it is worth noting that Sanmina’s stock performance in the past year has fluctuated between its 12-month low of $44.29 and its 12-month high of $69.28.
In terms of market capitalization, Sanmina stands at an impressive figure of $3.04 billion as of September 19th, 2023. The company currently boasts a price-to-earnings (P/E) ratio of 10.11 which suggests that investors may find it valuable to hold onto this stock due to potentially undervalued earnings prospects compared to its market price.
Turning our attention to insider trading activities within Sanmina Co., EVP Alan Mcwilliams Reid recently sold 5,344 shares of the stock at an average price of $55.92. This transaction resulted in a total worth of $298,836.48. Following this sale, Mcwilliams Reid now holds 27,000 shares in Sanmina valued at approximately $1,509,840.
Similar to Mcwilliams Reid’s action, CEO Jure Sola also decided to sell a significant portion of his holdings in the company. On August 18th, Sola sold 129,762 shares at an average price of $54.20. The total transaction sum amounted to $7,033,100.40 and reduced Sola’s direct ownership to 1,038,144 shares valued at approximately $56,267,404.
These insider transactions have caught the attention of market observers as they potentially indicate the executives’ confidence or pessimism about the company’s future prospects.
In line with all these happenings surrounding Sanmina Co., StockNews.com recently initiated coverage on the company’s shares with a “buy” rating – an encouraging sign for investors looking for potential opportunities in this sector.
With all these changes unfolding within Sanmina Co., it is certainly a period that merits close observation from investors and analysts alike. The shifts in institutional stakeholding percentages and insider trading activities can provide valuable insights into the company’s direction and performance trajectory moving forward.