Sanmina Corp (SANM) Position Raised by Royce & Associates LP

Royce & Associates LP boosted its stake in Sanmina Corp (NASDAQ:SANM) by 26.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 986,547 shares of the electronics maker’s stock after purchasing an additional 204,980 shares during the quarter. Royce & Associates LP’s holdings in Sanmina were worth $32,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of SANM. US Bancorp DE raised its stake in shares of Sanmina by 67.8% during the fourth quarter. US Bancorp DE now owns 5,747 shares of the electronics maker’s stock worth $190,000 after acquiring an additional 2,322 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Sanmina during the second quarter worth approximately $212,000. Unison Advisors LLC purchased a new position in shares of Sanmina during the fourth quarter worth approximately $216,000. ETRADE Capital Management LLC bought a new position in shares of Sanmina in the third quarter worth approximately $228,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Sanmina in the third quarter worth approximately $267,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Sanmina Corp (NASDAQ SANM) opened at $26.60 on Monday. The firm has a market cap of $1,895.15, a price-to-earnings ratio of 10.77, a P/E/G ratio of 1.29 and a beta of 0.70. Sanmina Corp has a fifty-two week low of $24.60 and a fifty-two week high of $42.95. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.26.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, January 29th. The electronics maker reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Sanmina had a negative net margin of 0.88% and a positive return on equity of 11.61%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 earnings per share. equities analysts expect that Sanmina Corp will post 1.72 EPS for the current year.

Several research analysts have recently issued reports on SANM shares. Zacks Investment Research cut shares of Sanmina from a “hold” rating to a “strong sell” rating in a report on Friday, November 3rd. BidaskClub cut shares of Sanmina from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Craig Hallum upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a report on Monday, December 18th. Royal Bank of Canada cut their target price on shares of Sanmina to $31.00 and set a “sector perform” rating on the stock in a report on Monday, January 22nd. Finally, Argus cut shares of Sanmina from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $37.25.

In other Sanmina news, Director Wayne Shortridge sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $27.01, for a total transaction of $135,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brent Billinger acquired 1,500 shares of the stock in a transaction on Monday, February 5th. The shares were purchased at an average cost of $26.33 per share, with a total value of $39,495.00. Following the transaction, the senior vice president now directly owns 18,004 shares of the company’s stock, valued at approximately $474,045.32. The disclosure for this purchase can be found here. Insiders own 5.12% of the company’s stock.

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Sanmina 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.

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Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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