Personal Capital Advisors Corp increased its position in shares of Sanmina Co. (NASDAQ:SANM) by 33.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,069 shares of the electronics maker’s stock after purchasing an additional 24,840 shares during the period. Personal Capital Advisors Corp owned about 0.14% of Sanmina worth $2,591,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Evanston Investments Inc. dba Evanston Advisors increased its position in shares of Sanmina by 7.3% during the fourth quarter. Evanston Investments Inc. dba Evanston Advisors now owns 85,962 shares of the electronics maker’s stock valued at $2,837,000 after purchasing an additional 5,873 shares during the period. Arizona State Retirement System boosted its stake in Sanmina by 209.3% in the 4th quarter. Arizona State Retirement System now owns 121,030 shares of the electronics maker’s stock valued at $3,994,000 after buying an additional 81,905 shares in the last quarter. Rhumbline Advisers boosted its stake in Sanmina by 12.3% in the 4th quarter. Rhumbline Advisers now owns 182,075 shares of the electronics maker’s stock valued at $6,008,000 after buying an additional 19,979 shares in the last quarter. Royce & Associates LP boosted its stake in Sanmina by 26.2% in the 4th quarter. Royce & Associates LP now owns 986,547 shares of the electronics maker’s stock valued at $32,556,000 after buying an additional 204,980 shares in the last quarter. Finally, Pinebridge Investments L.P. boosted its stake in Sanmina by 31.6% in the 4th quarter. Pinebridge Investments L.P. now owns 114,492 shares of the electronics maker’s stock valued at $3,779,000 after buying an additional 27,523 shares in the last quarter. Institutional investors and hedge funds own 94.18% of the company’s stock.
Shares of SANM stock opened at $29.70 on Thursday. The company has a current ratio of 1.55, a quick ratio of 0.90 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.05 billion, a P/E ratio of 10.35, a P/E/G ratio of 1.42 and a beta of 0.59. Sanmina Co. has a one year low of $24.60 and a one year high of $42.95.
Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, April 23rd. The electronics maker reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.64 billion. Sanmina had a positive return on equity of 10.99% and a negative net margin of 0.99%. The business’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 earnings per share. research analysts expect that Sanmina Co. will post 1.76 earnings per share for the current fiscal year.
Several analysts recently commented on SANM shares. ValuEngine lowered Sanmina from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd. Zacks Investment Research lowered Sanmina from a “hold” rating to a “sell” rating in a research note on Thursday, May 3rd. BidaskClub raised Sanmina from a “hold” rating to a “buy” rating in a research note on Tuesday, March 6th. Citigroup raised Sanmina from a “neutral” rating to a “buy” rating in a research note on Friday, April 13th. Finally, Needham & Company LLC boosted their price target on Sanmina from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, April 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $37.80.
In other Sanmina news, Director Joseph G. Licata, Jr. sold 18,444 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $27.49, for a total value of $507,025.56. Following the transaction, the director now owns 48,787 shares of the company’s stock, valued at $1,341,154.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.12% of the stock is currently owned by insiders.
Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. The company offers product design and engineering solutions, including concept development, detailed design, prototyping, validation, preproduction, and manufacturing design release; manufacturing solutions of components, subassemblies, and complete systems; final system assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services.
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