Boston Advisors LLC lowered its stake in shares of Sanmina Corporation (NASDAQ:SANM) by 15.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 345,375 shares of the electronics maker’s stock after selling 63,940 shares during the period. Boston Advisors LLC owned 0.46% of Sanmina Corporation worth $13,159,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LS Investment Advisors LLC boosted its position 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. purchased a new position in shares of Sanmina Corporation during the first quarter valued at $209,000. Menta Capital LLC purchased a new position in shares of Sanmina Corporation during the first quarter valued at $219,000. Nisa Investment Advisors LLC boosted its position in shares of Sanmina Corporation by 3.8% in the second quarter. Nisa Investment Advisors LLC now owns 5,440 shares of the electronics maker’s stock valued at $207,000 after buying an additional 200 shares in the last quarter. Finally, Affinity Investment Advisors LLC purchased a new position in shares of Sanmina Corporation during the first quarter valued at $250,000. 94.91% of the stock is owned by institutional investors and hedge funds.
Shares of Sanmina Corporation (NASDAQ SANM) opened at 36.75 on Thursday. The stock has a market capitalization of $2.77 billion, a P/E ratio of 13.42 and a beta of 0.78. Sanmina Corporation has a 1-year low of $26.00 and a 1-year high of $42.95. The stock’s 50 day moving average price is $38.01 and its 200-day moving average price is $38.57.
Sanmina Corporation (NASDAQ:SANM) last posted its quarterly earnings data on Monday, July 24th. The electronics maker reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by $0.01. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.74 billion. Sanmina Corporation had a return on equity of 12.35% and a net margin of 3.15%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 earnings per share. Equities research analysts anticipate that Sanmina Corporation will post $3.01 EPS for the current fiscal year.
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A number of equities analysts recently weighed in on the company. Royal Bank Of Canada decreased their price target on Sanmina Corporation from $42.00 to $40.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 25th. ValuEngine upgraded Sanmina Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Sanmina Corporation in a research report on Tuesday, July 25th. Bank of America Corporation reiterated a “buy” rating and issued a $48.00 price target on shares of Sanmina Corporation in a research report on Thursday, June 15th. Finally, Zacks Investment Research lowered Sanmina Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Sanmina Corporation currently has an average rating of “Hold” and an average target price of $42.80.
In other news, VP Robert K. Eulau sold 10,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $38.40, for a total transaction 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 $7,680,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 30,000 shares of company stock valued at $1,133,200 over the last ninety days. 4.96% of the stock is owned by insiders.
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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