Sanmina Corporation (SANM) Shares Sold by Paloma Partners Management Co
Paloma Partners Management Co lowered its position in Sanmina Corporation (NASDAQ:SANM) by 70.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,206 shares of the electronics maker’s stock after selling 34,323 shares during the period. Paloma Partners Management Co’s holdings in Sanmina Corporation were worth $577,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in shares of Sanmina Corporation by 20,899.1% in the first quarter. BlackRock Inc. now owns 11,067,786 shares of the electronics maker’s stock worth $449,352,000 after buying an additional 11,015,080 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Sanmina Corporation by 8.2% in the first quarter. Vanguard Group Inc. now owns 7,218,202 shares of the electronics maker’s stock worth $293,059,000 after buying an additional 548,729 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Sanmina Corporation by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 6,281,827 shares of the electronics maker’s stock worth $255,042,000 after buying an additional 35,365 shares during the last quarter. LSV Asset Management raised its position in shares of Sanmina Corporation by 2.4% in the first quarter. LSV Asset Management now owns 3,640,189 shares of the electronics maker’s stock worth $147,791,000 after buying an additional 86,294 shares during the last quarter. Finally, State Street Corp raised its position in shares of Sanmina Corporation by 1.9% in the first quarter. State Street Corp now owns 1,873,742 shares of the electronics maker’s stock worth $76,073,000 after buying an additional 35,137 shares during the last quarter. Institutional investors own 94.09% of the company’s stock.
Shares of Sanmina Corporation (SANM) opened at 40.30 on Monday. The company has a market capitalization of $3.04 billion, a PE ratio of 15.13 and a beta of 0.79. The firm has a 50-day moving average price of $37.60 and a 200-day moving average price of $38.13. Sanmina Corporation has a 12 month low of $23.50 and a 12 month high of $41.25.
Sanmina Corporation (NASDAQ:SANM) last announced its quarterly earnings data on Monday, April 24th. The electronics maker reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.06. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Sanmina Corporation had a return on equity of 11.81% and a net margin of 3.07%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 EPS. On average, equities research analysts predict that Sanmina Corporation will post $3.05 EPS for the current year.
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SANM has been the subject of a number of recent research reports. Needham & Company LLC restated a “buy” rating and issued a $45.00 target price on shares of Sanmina Corporation in a research note on Tuesday, April 25th. Bank of America Corporation restated a “buy” rating and issued a $48.00 target price on shares of Sanmina Corporation in a research note on Thursday, June 15th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $42.00 target price (up 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 assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $39.71.
In other Sanmina Corporation news, VP Robert K. Eulau sold 10,000 shares of Sanmina Corporation stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $37.97, for a total value of $379,700.00. Following the completion of the transaction, the vice president now directly owns 210,000 shares of the company’s stock, valued at approximately $7,973,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 30,000 shares of company stock valued at $1,134,700 over the last ninety days. 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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