State of Tennessee Treasury Department maintained its position in Sanmina Corporation (NASDAQ:SANM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,199 shares of the electronics maker’s stock at the end of the 2nd quarter. State of Tennessee Treasury Department owned approximately 0.09% of Sanmina Corporation worth $2,636,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Sanmina Corporation by 20,899.1% during the 1st quarter. BlackRock Inc. now owns 11,067,786 shares of the electronics maker’s stock worth $449,352,000 after purchasing an additional 11,015,080 shares during the last quarter. Vanguard Group Inc. grew its stake in Sanmina Corporation by 8.2% in the 1st quarter. Vanguard Group Inc. now owns 7,218,202 shares of the electronics maker’s stock valued at $293,059,000 after buying an additional 548,729 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Sanmina Corporation by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,281,827 shares of the electronics maker’s stock valued at $255,042,000 after buying an additional 35,365 shares during the last quarter. State Street Corp grew its stake in Sanmina Corporation by 1.9% in the 1st quarter. State Street Corp now owns 1,873,742 shares of the electronics maker’s stock valued at $76,073,000 after buying an additional 35,137 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Sanmina Corporation by 29.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,218,908 shares of the electronics maker’s stock valued at $49,487,000 after buying an additional 276,942 shares during the last quarter. 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 company’s stock in a transaction 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 directly owns 190,000 shares in the company, valued at $7,020,500. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 30,000 shares of company stock worth $1,125,600. Corporate insiders own 4.96% of the company’s stock.

Shares of Sanmina Corporation (SANM) opened at 37.15 on Friday. The firm has a 50-day moving average of $36.27 and a 200 day moving average of $38.04. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 13.57 and a beta of 0.78. Sanmina Corporation has a 52-week low of $26.70 and a 52-week high of $42.95.

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

A number of research analysts recently issued reports on the stock. Bank of America Corporation reiterated a “buy” rating and issued a $48.00 target price on shares of Sanmina Corporation in a research note on Thursday, June 15th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 target price on shares of Sanmina Corporation in a research note on Tuesday, July 25th. ValuEngine upgraded shares of Sanmina Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Sanmina Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $40.00 target price on shares of Sanmina Corporation in a research note on Friday, September 1st. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $42.80.

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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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