Sanmina Corporation (SANM) Position Maintained by Mackenzie Financial Corp

Mackenzie Financial Corp maintained its stake in Sanmina Corporation (NASDAQ:SANM) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 23,050 shares of the electronics maker’s stock at the end of the first quarter. Mackenzie Financial Corp’s holdings in Sanmina Corporation were worth $936,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. LSV Asset Management boosted its stake in Sanmina Corporation by 2.4% in the first quarter. LSV Asset Management now owns 3,640,189 shares of the electronics maker’s stock worth $147,791,000 after buying an additional 86,294 shares during the period. State Street Corp boosted its stake in Sanmina Corporation by 7.4% in the fourth quarter. State Street Corp now owns 1,838,605 shares of the electronics maker’s stock worth $67,390,000 after buying an additional 126,940 shares during the period. Bank of New York Mellon Corp boosted its stake in Sanmina Corporation by 29.4% in the first quarter. Bank of New York Mellon Corp now owns 1,218,908 shares of the electronics maker’s stock worth $49,487,000 after buying an additional 276,942 shares during the period. Norges Bank acquired a new stake in Sanmina Corporation during the fourth quarter worth approximately $40,906,000. Finally, AQR Capital Management LLC boosted its stake in Sanmina Corporation by 4.0% in the fourth quarter. AQR Capital Management LLC now owns 750,626 shares of the electronics maker’s stock worth $27,511,000 after buying an additional 29,083 shares during the period. Institutional investors and hedge funds own 94.15% of the company’s stock.

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

Sanmina Corporation (SANM) traded down 1.649% during mid-day trading on Tuesday, hitting $37.275. The stock had a trading volume of 137,451 shares. Sanmina Corporation has a 12-month low of $23.50 and a 12-month high of $41.25. The firm has a market cap of $2.82 billion, a P/E ratio of 13.997 and a beta of 0.86. The stock has a 50-day moving average price of $37.21 and a 200 day moving average price of $37.96.

Sanmina Corporation (NASDAQ:SANM) last released its quarterly earnings data on Monday, April 24th. The electronics maker reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.06. Sanmina Corporation had a return on equity of 11.81% and a net margin of 3.07%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the business posted $0.63 EPS. Sanmina Corporation’s quarterly revenue was up 4.4% on a year-over-year basis. Equities analysts anticipate that Sanmina Corporation will post $3.05 EPS for the current fiscal year.

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A number of analysts have recently commented on SANM shares. Needham & Company LLC restated a “buy” rating and issued a $45.00 price objective on shares of Sanmina Corporation in a research report on Tuesday, April 25th. Bank of America Corporation restated a “buy” rating and issued a $48.00 price objective on shares of Sanmina Corporation in a research report on Thursday, June 15th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $42.00 price objective (up from $39.00) on shares of Sanmina Corporation in a research report on Tuesday, April 25th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $39.71.

In related news, VP Robert K. Eulau sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $37.10, for a total value of $371,000.00. Following the completion of the transaction, the vice president now directly owns 220,000 shares of the company’s stock, valued at approximately $8,162,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 30,000 shares of company stock valued at $1,150,500 over the last ninety days. 4.96% of the stock is currently owned by company insiders.

Sanmina Corporation Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SANM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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