Schroder Investment Management Group increased its position in shares of Sanmina Corporation (NASDAQ:SANM) by 79.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,992 shares of the electronics maker’s stock after buying an additional 19,492 shares during the quarter. Schroder Investment Management Group owned 0.06% of Sanmina Corporation worth $1,669,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SANM. LS Investment Advisors LLC grew 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 worth $133,000 after buying an additional 138 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Sanmina Corporation during the second quarter worth about $203,000. Nisa Investment Advisors LLC grew 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 worth $207,000 after buying an additional 200 shares in the last quarter. Menta Capital LLC acquired a new stake in Sanmina Corporation during the first quarter worth about $219,000. Finally, Affinity Investment Advisors LLC grew 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 worth $236,000 after buying an additional 31 shares in the last quarter. 92.76% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Corporation (SANM) opened at 37.30 on Friday. Sanmina Corporation has a 52 week low of $26.70 and a 52 week high of $42.95. The firm’s 50-day moving average is $36.38 and its 200-day moving average is $37.99. The company has a market cap of $2.81 billion, a PE ratio of 13.62 and a beta of 0.78.

Sanmina Corporation (NASDAQ:SANM) last announced its earnings results on Monday, July 24th. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the company earned $0.63 EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts expect that Sanmina Corporation will post $3.01 EPS for the current fiscal year.

Sanmina Corporation declared that its Board of Directors has initiated a share buyback program on Monday, September 18th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the electronics maker to buy up to 77% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

A number of research firms recently weighed in on SANM. Royal Bank Of Canada decreased their target price on 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 raised Sanmina Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. Needham & Company LLC reissued a “buy” rating and set a $45.00 target price on shares of Sanmina Corporation in a research report on Tuesday, July 25th. Zacks Investment Research raised Sanmina Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th. Finally, Bank of America Corporation reissued a “buy” rating and set a $48.00 target price 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $42.80.

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

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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