Peregrine Capital Management LLC Raises Stock Holdings in Sanmina Corp (NASDAQ:SANM)

Share on StockTwits

Peregrine Capital Management LLC lifted its holdings in shares of Sanmina Corp (NASDAQ:SANM) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,763 shares of the electronics maker’s stock after purchasing an additional 2,432 shares during the quarter. Peregrine Capital Management LLC owned 0.25% of Sanmina worth $4,276,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Synovus Financial Corp purchased a new position in shares of Sanmina during the first quarter worth about $29,000. Nisa Investment Advisors LLC boosted its stake in Sanmina by 67.9% in the first quarter. Nisa Investment Advisors LLC now owns 1,410 shares of the electronics maker’s stock worth $38,000 after buying an additional 570 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in Sanmina by 24.6% in the first quarter. Mutual of America Capital Management LLC now owns 3,083 shares of the electronics maker’s stock worth $84,000 after buying an additional 609 shares in the last quarter. First Bank & Trust boosted its stake in Sanmina by 60.9% in the first quarter. First Bank & Trust now owns 3,312 shares of the electronics maker’s stock worth $90,000 after buying an additional 1,254 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Sanmina by 22.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,857 shares of the electronics maker’s stock worth $172,000 after buying an additional 1,261 shares in the last quarter. 94.84% of the stock is owned by institutional investors.

Shares of Sanmina stock opened at $29.68 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.58 and a debt-to-equity ratio of 0.20. The company has a market cap of $2.02 billion, a PE ratio of 19.66, a P/E/G ratio of 1.52 and a beta of 0.90. The business has a 50 day moving average of $25.27 and a 200 day moving average of $27.13. Sanmina Corp has a 52 week low of $18.34 and a 52 week high of $34.96.

Sanmina (NASDAQ:SANM) last announced its earnings results on Wednesday, July 29th. The electronics maker reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.62. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.57 billion. Sanmina had a return on equity of 10.35% and a net margin of 1.55%. The firm’s revenue for the quarter was down 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. On average, research analysts anticipate that Sanmina Corp will post 2.39 earnings per share for the current year.

Several brokerages have issued reports on SANM. Citigroup upped their target price on Sanmina from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday. BidaskClub raised Sanmina from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 15th. Zacks Investment Research raised Sanmina from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 2nd. ValuEngine lowered Sanmina from a “hold” rating to a “sell” rating in a research note on Thursday, May 21st. Finally, Craig Hallum increased their price objective on Sanmina from $31.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $35.25.

In other Sanmina news, SVP Brent Billinger sold 922 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $27.35, for a total value of $25,216.70. Following the completion of the transaction, the senior vice president now owns 18,742 shares in the company, valued at $512,593.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.73% of the stock is currently owned by corporate insiders.

Sanmina Company 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.

Read More: 12b-1 Fees

Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

Receive News & Ratings for Sanmina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanmina and related companies with MarketBeat.com's FREE daily email newsletter.

 

Latest News

Different Types of Research Papers
Different Types of Research Papers
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing


 
© 2006-2020 BBNS.