Teacher Retirement System of Texas lifted its position in shares of Sanmina Corp (NASDAQ:SANM) by 319.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,108 shares of the electronics maker’s stock after buying an additional 19,883 shares during the period. Teacher Retirement System of Texas’ holdings in Sanmina were worth $862,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in SANM. Schwab Charles Investment Management Inc. boosted its position in Sanmina by 4.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 453,227 shares of the electronics maker’s stock valued at $16,838,000 after buying an additional 19,892 shares during the last quarter. Royce & Associates LP raised its stake in Sanmina by 55.5% during the third quarter. Royce & Associates LP now owns 781,567 shares of the electronics maker’s stock worth $29,035,000 after acquiring an additional 278,944 shares during the period. IndexIQ Advisors LLC raised its stake in Sanmina by 83.1% during the third quarter. IndexIQ Advisors LLC now owns 21,348 shares of the electronics maker’s stock worth $793,000 after acquiring an additional 9,690 shares during the period. Lingohr & Partner Asset Management GmbH raised its stake in Sanmina by 65.3% during the third quarter. Lingohr & Partner Asset Management GmbH now owns 32,900 shares of the electronics maker’s stock worth $1,277,000 after acquiring an additional 13,000 shares during the period. Finally, California Public Employees Retirement System raised its stake in Sanmina by 1.6% during the third quarter. California Public Employees Retirement System now owns 280,755 shares of the electronics maker’s stock worth $10,430,000 after acquiring an additional 4,545 shares during the period. 93.60% of the stock is owned by hedge funds and other institutional investors.
Sanmina Corp (SANM) traded down $0.65 during trading on Wednesday, hitting $27.90. 518,462 shares of the stock were exchanged, compared to its average volume of 1,006,123. The company has a market cap of $2,048.32, a P/E ratio of -29.53, a P/E/G ratio of 1.39 and a beta of 0.63. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.26. Sanmina Corp has a fifty-two week low of $24.60 and a fifty-two week high of $42.95.
Sanmina (NASDAQ:SANM) last announced its earnings results on Monday, January 29th. The electronics maker reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.74 billion. Sanmina had a negative net margin of 0.88% and a positive return on equity of 11.61%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. equities research analysts anticipate that Sanmina Corp will post 1.72 EPS for the current year.
Several equities research analysts have commented on the stock. BidaskClub upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research note on Tuesday, March 6th. ValuEngine upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. TheStreet lowered shares of Sanmina from a “b” rating to a “c+” rating in a research note on Monday, January 22nd. Craig Hallum reiterated a “buy” rating and set a $37.00 price objective (down previously from $44.00) on shares of Sanmina in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research cut shares of Sanmina from a “hold” rating to a “strong sell” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $37.25.
In other news, SVP Brent Billinger purchased 1,500 shares of Sanmina stock in a transaction on Monday, February 5th. The shares were purchased at an average cost of $26.33 per share, for a total transaction of $39,495.00. Following the completion of the transaction, the senior vice president now directly owns 18,004 shares in the company, valued at $474,045.32. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Wayne Shortridge sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $27.01, for a total transaction of $135,050.00. The disclosure for this sale can be found here. 5.12% of the stock is currently owned by insiders.
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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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