Sanmina Corp (SANM) Position Increased by Bank of Montreal Can

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Bank of Montreal Can increased its holdings in Sanmina Corp (NASDAQ:SANM) by 2,408.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,109 shares of the electronics maker’s stock after purchasing an additional 64,434 shares during the quarter. Bank of Montreal Can’s holdings in Sanmina were worth $1,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of SANM. Matarin Capital Management LLC bought a new stake in shares of Sanmina in the third quarter worth about $14,771,000. Diamond Hill Capital Management Inc. grew its stake in shares of Sanmina by 14.5% in the third quarter. Diamond Hill Capital Management Inc. now owns 2,824,874 shares of the electronics maker’s stock worth $77,967,000 after purchasing an additional 357,108 shares during the last quarter. Morgan Stanley grew its stake in shares of Sanmina by 100.1% in the third quarter. Morgan Stanley now owns 497,079 shares of the electronics maker’s stock worth $13,719,000 after purchasing an additional 248,655 shares during the last quarter. BlackRock Inc. grew its stake in shares of Sanmina by 2.3% in the third quarter. BlackRock Inc. now owns 9,748,663 shares of the electronics maker’s stock worth $269,063,000 after purchasing an additional 222,346 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Sanmina by 13.1% in the third quarter. Victory Capital Management Inc. now owns 1,345,800 shares of the electronics maker’s stock worth $37,144,000 after purchasing an additional 155,999 shares during the last quarter. 92.04% of the stock is currently owned by institutional investors.

In other Sanmina news, CFO David Robert Anderson sold 14,595 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $26.02, for a total value of $379,761.90. Following the completion of the sale, the chief financial officer now directly owns 39,000 shares in the company, valued at $1,014,780. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.55% of the company’s stock.

Several analysts have commented on SANM shares. BidaskClub upgraded shares of Sanmina from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Citigroup lowered shares of Sanmina from a “buy” rating to a “neutral” rating in a report on Thursday, December 20th. Finally, Royal Bank of Canada raised their price objective on shares of Sanmina to $33.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $36.00.

Shares of SANM opened at $32.30 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.27 and a debt-to-equity ratio of 0.01. Sanmina Corp has a one year low of $22.30 and a one year high of $34.30. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 17.55 and a beta of 1.06.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, January 28th. The electronics maker reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.12. Sanmina had a net margin of 1.35% and a return on equity of 11.86%. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the business posted $0.48 earnings per share. Sanmina’s quarterly revenue was up 25.4% compared to the same quarter last year.

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Sanmina Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two segments, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, and manufacturing design release; manufacturing solutions of components, subassemblies, and complete systems; final system assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services.

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Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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