Sanmina Corporation (SANM) Stake Increased by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC boosted its position in Sanmina Corporation (NASDAQ:SANM) by 2.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 435,302 shares of the electronics maker’s stock after buying an additional 8,496 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.58% of Sanmina Corporation worth $17,673,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in Sanmina Corporation by 329.8% in the fourth quarter. Renaissance Technologies LLC now owns 194,433 shares of the electronics maker’s stock valued at $7,126,000 after buying an additional 149,200 shares during the last quarter. State Street Corp increased its stake in Sanmina Corporation by 7.4% in the fourth quarter. State Street Corp now owns 1,838,605 shares of the electronics maker’s stock valued at $67,390,000 after buying an additional 126,940 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Sanmina Corporation by 1.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 195,999 shares of the electronics maker’s stock valued at $7,183,000 after buying an additional 2,661 shares during the last quarter. Wells Fargo & Company MN increased its stake in Sanmina Corporation by 2.1% in the first quarter. Wells Fargo & Company MN now owns 531,561 shares of the electronics maker’s stock valued at $21,580,000 after buying an additional 10,862 shares during the last quarter. Finally, Comerica Bank increased its stake in Sanmina Corporation by 5.8% in the first quarter. Comerica Bank now owns 83,320 shares of the electronics maker’s stock valued at $3,212,000 after buying an additional 4,539 shares during the last quarter. Hedge funds and other institutional investors own 94.15% of the company’s stock.
Sanmina Corporation (NASDAQ:SANM) traded down 2.09% during trading on Friday, hitting $37.50. The stock had a trading volume of 815,157 shares. Sanmina Corporation has a 12 month low of $23.50 and a 12 month high of $41.25. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 14.08 and a beta of 0.86. The firm has a 50 day moving average of $37.19 and a 200-day moving average of $37.86.
Sanmina Corporation (NASDAQ:SANM) last issued its quarterly earnings data on Monday, April 24th. The electronics maker reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.06. Sanmina Corporation had a net margin of 3.07% and a return on equity of 11.81%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the firm posted $0.63 EPS. Sanmina Corporation’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities analysts predict that Sanmina Corporation will post $3.05 earnings per share for the current year.
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Several analysts recently weighed in on SANM shares. Bank of America Corporation restated a “buy” rating and issued a $48.00 price target on shares of Sanmina Corporation in a research note on Thursday. Needham & Company LLC restated a “buy” rating and issued a $45.00 price target on shares of Sanmina Corporation in a research note on Tuesday, April 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $42.00 price target (up previously from $39.00) on shares of Sanmina Corporation in a research note on Tuesday, April 25th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.71.
In other news, VP Robert K. Eulau sold 10,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $37.97, for a total value of $379,700.00. Following the completion of the sale, the vice president now owns 210,000 shares in the company, valued at approximately $7,973,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 30,000 shares of company stock valued at $1,150,500 in the last 90 days. Company insiders own 4.96% of the company’s stock.
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.
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