HighTower Advisors LLC reduced its position in shares of Sanmina Corporation (NASDAQ:SANM) by 93.4% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 5,169 shares of the electronics maker’s stock after selling 73,580 shares during the period. HighTower Advisors LLC’s holdings in Sanmina Corporation were worth $208,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the stock. Renaissance Technologies LLC boosted its stake in shares of Sanmina Corporation by 329.8% in the fourth quarter. Renaissance Technologies LLC now owns 194,433 shares of the electronics maker’s stock worth $7,126,000 after buying an additional 149,200 shares during the period. Two Sigma Investments LP purchased a new stake in shares of Sanmina Corporation during the fourth quarter worth about $549,000. Foundry Partners LLC raised its stake in shares of Sanmina Corporation by 14.5% in the first quarter. Foundry Partners LLC now owns 442,517 shares of the electronics maker’s stock worth $17,966,000 after buying an additional 56,000 shares in the last quarter. Regentatlantic Capital LLC purchased a new stake in shares of Sanmina Corporation during the first quarter worth about $322,000. Finally, Louisiana State Employees Retirement System raised its stake in shares of Sanmina Corporation by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 30,300 shares of the electronics maker’s stock worth $1,230,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 94.14% of the company’s stock.
Shares of Sanmina Corporation (SANM) traded up 0.42% during mid-day trading on Friday, reaching $36.00. 160,115 shares of the company traded hands. Sanmina Corporation has a 52-week low of $25.10 and a 52-week high of $42.95. The company has a market capitalization of $2.71 billion, a P/E ratio of 13.15 and a beta of 0.78. The firm’s 50 day moving average price is $38.68 and its 200-day moving average price is $38.59.
Sanmina Corporation (NASDAQ:SANM) last released its quarterly earnings results on Monday, July 24th. The electronics maker reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by $0.01. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Sanmina Corporation had a return on equity of 12.35% and a net margin of 3.15%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 EPS. Equities analysts predict that Sanmina Corporation will post $3.01 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada reissued a “sector perform” rating and issued a $42.00 price objective (up previously from $39.00) on shares of Sanmina Corporation in a report on Tuesday, April 25th. Bank of America Corporation reaffirmed a “buy” rating and set a $48.00 target price on shares of Sanmina Corporation in a research note on Thursday, June 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 target price on shares of Sanmina Corporation in a research note on Tuesday, July 25th. Zacks Investment Research lowered shares of Sanmina Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, ValuEngine raised shares of Sanmina Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Sanmina Corporation presently 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 value of $384,000.00. Following the completion of the transaction, the vice president now owns 200,000 shares in the company, valued at approximately $7,680,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.96% of the stock is owned by corporate insiders.
Sanmina Corporation Company Profile
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.
Receive News & Ratings for Sanmina Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanmina Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
