Sanmina Corporation (SANM) Shares Bought by ZPR Investment Management

ZPR Investment Management raised its position in shares of Sanmina Corporation (NASDAQ:SANM) by 91.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,795 shares of the electronics maker’s stock after purchasing an additional 15,690 shares during the quarter. Sanmina Corporation accounts for 1.9% of ZPR Investment Management’s portfolio, making the stock its 24th largest position. ZPR Investment Management’s holdings in Sanmina Corporation were worth $1,249,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SANM. LS Investment Advisors LLC grew its stake in Sanmina Corporation by 4.1% during the 2nd quarter. LS Investment Advisors LLC now owns 3,498 shares of the electronics maker’s stock valued at $133,000 after purchasing an additional 138 shares during the last quarter. Riverhead Capital Management LLC grew its stake in Sanmina Corporation by 70.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,927 shares of the electronics maker’s stock valued at $150,000 after purchasing an additional 1,627 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Sanmina Corporation during the 2nd quarter valued at about $203,000. Nisa Investment Advisors LLC grew its stake in Sanmina Corporation by 3.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,440 shares of the electronics maker’s stock valued at $207,000 after purchasing an additional 200 shares during the last quarter. Finally, Menta Capital LLC purchased a new stake in Sanmina Corporation during the 1st quarter valued at about $219,000. Institutional investors and hedge funds own 92.75% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Sanmina Corporation (SANM) Shares Bought by ZPR Investment Management” was first published by BBNS and is the property of of BBNS. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this report can be viewed at https://baseballnewssource.com/markets/sanmina-corporation-sanm-shares-bought-by-zpr-investment-management/1702412.html.

Several research firms have weighed in on SANM. Bank of America Corporation reiterated a “buy” rating and set a $48.00 price target on shares of Sanmina Corporation in a research note on Thursday, June 15th. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price target on shares of Sanmina Corporation in a research note on Tuesday, July 25th. ValuEngine upgraded Sanmina Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Sanmina Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $40.00 price target on shares of Sanmina Corporation in a research note on Friday, September 1st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $43.25.

Shares of Sanmina Corporation (NASDAQ:SANM) traded down 0.52% during mid-day trading on Monday, hitting $38.40. The stock had a trading volume of 61,977 shares. The firm has a 50 day moving average price of $36.99 and a 200 day moving average price of $37.84. The firm has a market cap of $2.89 billion, a PE ratio of 14.02 and a beta of 0.79. Sanmina Corporation has a 52-week low of $26.70 and a 52-week high of $42.95.

Sanmina Corporation (NASDAQ:SANM) last issued its quarterly earnings results on Monday, July 24th. The electronics maker reported $0.74 earnings per share (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 analyst estimates of $1.74 billion. Sanmina Corporation had a net margin of 3.15% and a return on equity of 12.35%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. Equities analysts predict that Sanmina Corporation will post $3.01 EPS for the current year.

Sanmina Corporation declared that its Board of Directors has initiated a stock buyback plan on Monday, September 18th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the electronics maker to buy up to 77% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

In related news, VP Robert K. Eulau sold 10,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $36.95, for a total value 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 legal filing with the Securities & Exchange Commission, which is accessible through 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.

Want to see what other hedge funds are holding SANM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sanmina Corporation (NASDAQ:SANM).

Institutional Ownership by Quarter for Sanmina Corporation (NASDAQ:SANM)

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

 


Latest News

Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Red Sox Waste Little Time in Firing John Farrell
Red Sox Waste Little Time in Firing John Farrell
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Red Sox Beat Houston Sunday to Avoid Elimination
Red Sox Beat Houston Sunday to Avoid Elimination


Leave a Reply

 
© 2006-2017 BBNS.