Amalgamated Bank boosted its holdings in shares of Sanmina Corporation (NASDAQ:SANM) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,104 shares of the electronics maker’s stock after acquiring an additional 158 shares during the quarter. Amalgamated Bank’s holdings in Sanmina Corporation were worth $385,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. LS Investment Advisors LLC lifted its position in shares of Sanmina Corporation by 4.1% in the 2nd quarter. LS Investment Advisors LLC now owns 3,498 shares of the electronics maker’s stock worth $133,000 after purchasing an additional 138 shares during the period. Riverhead Capital Management LLC lifted its position in shares of Sanmina Corporation by 70.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,927 shares of the electronics maker’s stock worth $150,000 after purchasing an additional 1,627 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of Sanmina Corporation in the 2nd quarter worth approximately $203,000. Nisa Investment Advisors LLC lifted its position in shares of Sanmina Corporation by 3.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,440 shares of the electronics maker’s stock worth $207,000 after purchasing an additional 200 shares during the period. Finally, Menta Capital LLC acquired a new position in shares of Sanmina Corporation in the 1st quarter worth approximately $219,000. 92.76% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Robert K. Eulau sold 10,000 shares of Sanmina Corporation stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $37.21, for a total value of $372,100.00. Following the sale, the vice president now owns 180,000 shares in the company, valued at $6,697,800. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.96% of the company’s stock.
Sanmina Corporation (NASDAQ SANM) opened at 38.60 on Friday. The company’s 50 day moving average is $36.99 and its 200-day moving average is $37.84. The firm has a market cap of $2.91 billion, a P/E ratio of 14.10 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 released its quarterly earnings results 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 company had revenue of $1.71 billion during the quarter, compared to the consensus estimate 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. On average, equities analysts predict that Sanmina Corporation will post $3.01 EPS for the current fiscal year.
Sanmina Corporation declared that its Board of Directors has approved a stock repurchase plan on Monday, September 18th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the electronics maker to reacquire up to 77% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.
SANM has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Sanmina Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. ValuEngine upgraded shares of Sanmina Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. Bank of America Corporation restated a “buy” rating and issued a $48.00 price target on shares of Sanmina Corporation in a research report on Thursday, June 15th. Royal Bank Of Canada dropped their price target on shares of Sanmina Corporation from $42.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 25th. Finally, Needham & Company LLC restated a “buy” rating and issued a $45.00 price target on shares of Sanmina Corporation in a research report on Wednesday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Sanmina Corporation presently has an average rating of “Buy” and an average price target of $43.25.
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.
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 MarketBeat.com's FREE daily email newsletter.