State Board of Administration of Florida Retirement System held its position in shares of Sanmina Corporation (NASDAQ:SANM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,869 shares of the electronics maker’s stock at the end of the 2nd quarter. State Board of Administration of Florida Retirement System owned approximately 0.07% of Sanmina Corporation worth $2,129,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SANM. Russell Investments Group Ltd. boosted its position in Sanmina Corporation by 40.7% during the 1st quarter. Russell Investments Group Ltd. now owns 227,700 shares of the electronics maker’s stock worth $9,244,000 after buying an additional 65,860 shares during the period. Wells Fargo & Company MN boosted its position in Sanmina Corporation by 2.1% during the 1st quarter. Wells Fargo & Company MN now owns 531,561 shares of the electronics maker’s stock worth $21,580,000 after buying an additional 10,862 shares during the period. Great West Life Assurance Co. Can boosted its position in Sanmina Corporation by 7.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 103,202 shares of the electronics maker’s stock worth $4,184,000 after buying an additional 7,215 shares during the period. Bank of New York Mellon Corp boosted its position in Sanmina Corporation by 29.4% during the 1st quarter. Bank of New York Mellon Corp now owns 1,218,908 shares of the electronics maker’s stock worth $49,487,000 after buying an additional 276,942 shares during the period. Finally, Comerica Bank boosted its position in Sanmina Corporation by 5.8% during the 1st quarter. Comerica Bank now owns 83,320 shares of the electronics maker’s stock worth $3,212,000 after buying an additional 4,539 shares during the period. Institutional investors and hedge funds own 92.78% of the company’s stock.

In other news, VP Robert K. Eulau sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $36.95, for a total value of $369,500.00. Following the transaction, the vice president now owns 190,000 shares in the company, valued at $7,020,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 30,000 shares of company stock worth $1,125,600 in the last 90 days. Company insiders own 4.96% of the company’s stock.

Several research firms recently commented on SANM. Royal Bank Of Canada cut their target price on shares of Sanmina Corporation from $42.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 25th. ValuEngine upgraded shares of Sanmina Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. Needham & Company LLC restated a “buy” rating and issued a $45.00 price target on shares of Sanmina Corporation in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Sanmina Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, Bank of America Corporation restated a “buy” rating and issued a $48.00 price target on shares of Sanmina Corporation in a research report on Thursday, June 15th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $42.80.

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Sanmina Corporation (NASDAQ:SANM) opened at 36.50 on Tuesday. The firm has a market cap of $2.75 billion, a P/E ratio of 13.33 and a beta of 0.78. The stock has a 50 day moving average of $36.41 and a 200-day moving average of $38.12. Sanmina Corporation has a 12 month low of $26.54 and a 12 month high of $42.95.

Sanmina Corporation (NASDAQ:SANM) last issued its earnings results on Monday, July 24th. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by $0.01. Sanmina Corporation had a return on equity of 12.35% and a net margin of 3.15%. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the business posted $0.63 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts predict that Sanmina Corporation will post $3.01 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Sanmina Corporation (NASDAQ:SANM)

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