Pacad Investment Ltd. decreased its stake in shares of Sanmina Corporation (NASDAQ:SANM) by 64.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,001 shares of the electronics maker’s stock after selling 7,200 shares during the period. Pacad Investment Ltd.’s holdings in Sanmina Corporation were worth $152,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SANM. LS Investment Advisors LLC lifted its position in Sanmina Corporation by 4.1% during the second quarter. LS Investment Advisors LLC now owns 3,498 shares of the electronics maker’s stock valued at $133,000 after purchasing an additional 138 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in Sanmina Corporation during the second quarter valued at approximately $203,000. Nisa Investment Advisors LLC lifted its position in Sanmina Corporation by 3.8% during the second quarter. Nisa Investment Advisors LLC now owns 5,440 shares of the electronics maker’s stock valued at $207,000 after purchasing an additional 200 shares during the period. Menta Capital LLC bought a new position in Sanmina Corporation during the first quarter valued at approximately $219,000. Finally, Affinity Investment Advisors LLC lifted its position in Sanmina Corporation by 0.5% during the second quarter. Affinity Investment Advisors LLC now owns 6,196 shares of the electronics maker’s stock valued at $236,000 after purchasing an additional 31 shares during the period. Institutional investors own 92.78% of the company’s stock.

In other Sanmina Corporation news, VP Robert K. Eulau sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $37.21, for a total transaction of $372,100.00. Following the sale, the vice president now owns 180,000 shares of the company’s stock, valued at approximately $6,697,800. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 30,000 shares of company stock worth $1,125,600. 4.96% of the stock is owned by insiders.

A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Sanmina Corporation from a “sell” rating to a “hold” rating in a research report on Thursday. Royal Bank Of Canada restated a “hold” rating and set a $40.00 price objective on shares of Sanmina Corporation in a research report on Friday, September 1st. ValuEngine upgraded shares of Sanmina Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Needham & Company LLC restated a “buy” rating and set a $45.00 price objective on shares of Sanmina Corporation in a research report on Tuesday, July 25th. Finally, Bank of America Corporation restated a “buy” rating and set a $48.00 price objective 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 given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $42.80.

Sanmina Corporation (NASDAQ:SANM) opened at 37.15 on Friday. The company has a market cap of $2.80 billion, a P/E ratio of 13.57 and a beta of 0.78. The company’s 50-day moving average is $36.27 and its 200-day moving average is $38.04. Sanmina Corporation has a 12 month low of $26.54 and a 12 month high of $42.95.

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

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Sanmina Corporation 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.

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

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