Bowling Portfolio Management LLC raised its position in Sanmina Corporation (NASDAQ:SANM) by 100.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,622 shares of the electronics maker’s stock after buying an additional 24,372 shares during the period. Bowling Portfolio Management LLC owned 0.06% of Sanmina Corporation worth $1,852,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in SANM. LS Investment Advisors LLC raised its position in shares of Sanmina Corporation by 4.1% in the second quarter. LS Investment Advisors LLC now owns 3,498 shares of the electronics maker’s stock valued at $133,000 after buying an additional 138 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Sanmina Corporation during the second quarter valued at approximately $203,000. Nisa Investment Advisors LLC raised its position in shares of Sanmina Corporation by 3.8% in the second quarter. Nisa Investment Advisors LLC now owns 5,440 shares of the electronics maker’s stock valued at $207,000 after buying an additional 200 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of Sanmina Corporation during the first quarter valued at approximately $209,000. Finally, Menta Capital LLC purchased a new position in shares of Sanmina Corporation during the first quarter valued at approximately $219,000. 94.91% of the stock is owned by institutional investors and hedge funds.
Sanmina Corporation (SANM) opened at 35.20 on Friday. The stock has a 50 day moving average price of $37.82 and a 200 day moving average price of $38.53. Sanmina Corporation has a 52-week low of $26.00 and a 52-week high of $42.95. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 12.86 and a beta of 0.78.
Sanmina Corporation (NASDAQ:SANM) last posted its quarterly earnings data on Monday, July 24th. The electronics maker reported $0.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by $0.01. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Sanmina Corporation had a net margin of 3.15% and a return on equity of 12.35%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 earnings per share. Analysts expect that Sanmina Corporation will post $3.01 EPS for the current fiscal year.
Several equities analysts have commented on the company. Royal Bank Of Canada reissued a “sector perform” rating and set a $42.00 price objective (up previously from $39.00) on shares of Sanmina Corporation in a research report on Tuesday, April 25th. Bank of America Corporation reissued a “buy” rating and set a $48.00 price objective on shares of Sanmina Corporation in a research report on Thursday, June 15th. Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective on shares of Sanmina Corporation in a research report on Tuesday, July 25th. Zacks Investment Research lowered Sanmina Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, ValuEngine raised Sanmina Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $42.80.
In other Sanmina Corporation news, VP Robert K. Eulau sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $38.40, for a total transaction of $384,000.00. Following the completion of the sale, the vice president now directly owns 200,000 shares of the company’s stock, valued at approximately $7,680,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 30,000 shares of company stock valued at $1,133,200. 4.96% of the stock is owned by company insiders.
About Sanmina Corporation
Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides its offerings primarily to original equipment manufacturers (OEMs) in various industries, including communications networks, storage, industrial, defense and aerospace, medical and energy.
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