Martingale Asset Management L P Has $7.77 Million Position in Sanmina Corporation (SANM)

Martingale Asset Management L P increased its position in shares of Sanmina Corporation (NASDAQ:SANM) by 6.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 203,968 shares of the electronics maker’s stock after acquiring an additional 12,814 shares during the period. Martingale Asset Management L P owned approximately 0.27% of Sanmina Corporation worth $7,772,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in Sanmina Corporation by 20,899.1% during the 1st quarter. BlackRock Inc. now owns 11,067,786 shares of the electronics maker’s stock worth $449,352,000 after acquiring an additional 11,015,080 shares during the period. Vanguard Group Inc. increased its holdings in Sanmina Corporation by 8.2% during the 1st quarter. Vanguard Group Inc. now owns 7,218,202 shares of the electronics maker’s stock worth $293,059,000 after acquiring an additional 548,729 shares during the period. Dimensional Fund Advisors LP increased its holdings in Sanmina Corporation by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,281,827 shares of the electronics maker’s stock worth $255,042,000 after acquiring an additional 35,365 shares during the period. LSV Asset Management increased its holdings in Sanmina Corporation by 2.5% during the 2nd quarter. LSV Asset Management now owns 3,731,489 shares of the electronics maker’s stock worth $142,169,000 after acquiring an additional 91,300 shares during the period. Finally, State Street Corp increased its holdings in Sanmina Corporation by 1.9% during the 1st quarter. State Street Corp now owns 1,873,742 shares of the electronics maker’s stock worth $76,073,000 after acquiring an additional 35,137 shares during the period. 92.78% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Corporation (NASDAQ SANM) opened at 36.50 on Tuesday. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 13.33 and a beta of 0.78. The stock has a 50 day moving average of $36.41 and a 200-day moving average of $38.12. Sanmina Corporation has a one year low of $26.54 and a one year high of $42.95.

Sanmina Corporation (NASDAQ:SANM) last released its quarterly earnings data on Monday, July 24th. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by $0.01. Sanmina Corporation had a net margin of 3.15% and a return on equity of 12.35%. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the business earned $0.63 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts predict that Sanmina Corporation will post $3.01 EPS for the current fiscal year.

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada decreased 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 report on Tuesday, July 25th. Bank of America Corporation reissued a “buy” rating and issued a $48.00 price target on shares of Sanmina Corporation in a report on Thursday, June 15th. ValuEngine raised shares of Sanmina Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price target on shares of Sanmina Corporation in a report on Tuesday, July 25th. Finally, Zacks Investment Research lowered shares of Sanmina Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Sanmina Corporation has an average rating of “Buy” and an average target price of $42.80.

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In related news, VP Robert K. Eulau sold 10,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $36.95, for a total value of $369,500.00. Following the sale, the vice president now owns 190,000 shares in the company, valued at $7,020,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 30,000 shares of company stock worth $1,125,600 in the last 90 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.

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

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