Integrated Investment Consultants LLC continued to hold its stake in shares of Sanmina Corporation (NASDAQ:SANM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,622 shares of the electronics maker’s stock at the end of the second quarter. Integrated Investment Consultants LLC’s holdings in Sanmina Corporation were worth $176,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of SANM. LS Investment Advisors LLC raised its stake in shares of Sanmina Corporation by 5.5% in the first quarter. LS Investment Advisors LLC now owns 3,360 shares of the electronics maker’s stock valued at $136,000 after buying an additional 176 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of Sanmina Corporation during the first quarter valued at $209,000. Menta Capital LLC bought a new stake in shares of Sanmina Corporation during the first quarter valued at $219,000. Affinity Investment Advisors LLC bought a new stake in shares of Sanmina Corporation during the first quarter valued at $250,000. Finally, FNY Partners Fund LP bought a new stake in shares of Sanmina Corporation during the first quarter valued at $276,000. 94.35% of the stock is owned by institutional investors and hedge funds.
Shares of Sanmina Corporation (SANM) traded down 0.70% during midday trading on Tuesday, reaching $35.60. The company had a trading volume of 684,285 shares. The firm’s 50 day moving average price is $38.50 and its 200-day moving average price is $38.53. Sanmina Corporation has a 1-year low of $25.60 and a 1-year high of $42.95. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 13.00 and a beta of 0.78.
Sanmina Corporation (NASDAQ:SANM) last released its quarterly earnings results 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. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.74 billion. Sanmina Corporation had a return on equity of 12.35% and a net margin of 3.15%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 earnings per share. Equities research analysts expect that Sanmina Corporation will post $3.01 EPS for the current fiscal year.
Several analysts have weighed in on SANM shares. Bank of America Corporation reiterated a “buy” rating and issued a $48.00 price objective on shares of Sanmina Corporation in a research report on Thursday, June 15th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Sanmina Corporation in a research report on Tuesday, April 25th. ValuEngine upgraded Sanmina Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 27th. Royal Bank Of Canada decreased their target price on Sanmina Corporation from $42.00 to $40.00 and set a “sector perform” rating for the company in a report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded Sanmina Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $42.80.
In other news, VP Robert K. Eulau sold 10,000 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $38.40, for a total value of $384,000.00. Following the completion of the transaction, the vice president now directly owns 200,000 shares of the company’s stock, valued at approximately $7,680,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 4.96% of the company’s stock.
About Sanmina Corporation
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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