LSV Asset Management Boosts Stake in Sanmina Corp. (SANM)
LSV Asset Management increased its stake in Sanmina Corp. (NASDAQ:SANM) by 9.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,198,154 shares of the company’s stock after buying an additional 270,354 shares during the period. LSV Asset Management owned approximately 4.35% of Sanmina Corp. worth $91,051,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Invictus RG increased its position in Sanmina Corp. by 3,198.6% in the second quarter. Invictus RG now owns 4,651 shares of the company’s stock worth $125,000 after buying an additional 4,510 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Sanmina Corp. by 454.5% in the third quarter. Nisa Investment Advisors LLC now owns 6,100 shares of the company’s stock worth $174,000 after buying an additional 5,000 shares during the last quarter. Amalgamated Bank acquired a new position in Sanmina Corp. during the second quarter worth about $230,000. SECOR Capital Advisors LP acquired a new position in Sanmina Corp. during the second quarter worth about $242,000. Finally, Parkwood LLC purchased a new stake in shares of Sanmina Corp. during the third quarter worth $243,000. Institutional investors and hedge funds own 92.77% of the company’s stock.
Sanmina Corp. (NASDAQ:SANM) opened at 33.65 on Wednesday. Sanmina Corp. has a 52 week low of $16.31 and a 52 week high of $33.65. The stock’s 50 day moving average is $29.52 and its 200 day moving average is $27.68. The company has a market capitalization of $2.47 billion, a PE ratio of 14.14 and a beta of 1.18.
Sanmina Corp. (NASDAQ:SANM) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.05. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Sanmina Corp. had a return on equity of 11.73% and a net margin of 2.90%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 earnings per share. Analysts predict that Sanmina Corp. will post $2.74 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “LSV Asset Management Boosts Stake in Sanmina Corp. (SANM)” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2016/11/30/lsv-asset-management-boosts-stake-in-sanmina-corp-sanm.html.
A number of analysts recently weighed in on SANM shares. B. Riley reiterated a “buy” rating and issued a $31.00 price target on shares of Sanmina Corp. in a research report on Saturday, November 5th. Cross Research downgraded shares of Sanmina Corp. from a “buy” rating to a “hold” rating in a research report on Monday, October 31st. Zacks Investment Research upgraded shares of Sanmina Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, November 10th. Finally, Needham & Company LLC increased their price target on shares of Sanmina Corp. from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, November 2nd. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $29.38.
In related news, VP Robert K. Eulau sold 109,754 shares of Sanmina Corp. stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $30.28, for a total value of $3,323,351.12. Following the transaction, the vice president now directly owns 190,000 shares of the company’s stock, valued at $5,753,200. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jackie M. Ward sold 19,387 shares of Sanmina Corp. stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $31.70, for a total value of $614,567.90. Following the completion of the transaction, the director now directly owns 173,846 shares in the company, valued at $5,510,918.20. The disclosure for this sale can be found here. Insiders own 4.59% of the company’s stock.
About Sanmina Corp.
Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides these offerings primarily to original equipment manufacturers (OEMs), in the communications networks, computing and storage, multimedia, industrial and semiconductor capital equipment, defense and aerospace, medical, clean technology (CleanTech) and automotive industries.
Receive News & Stock Ratings for Sanmina Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanmina Corp. and related stocks with our FREE daily email newsletter.