Systematic Financial Management LP increased its holdings in shares of Sanmina Corp (NASDAQ:SANM) by 10.0% during the fourth quarter, Holdings Channel reports. The fund owned 43,895 shares of the electronics maker’s stock after purchasing an additional 4,005 shares during the period. Systematic Financial Management LP’s holdings in Sanmina were worth $1,449,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE grew its position in Sanmina by 67.8% during the 4th quarter. US Bancorp DE now owns 5,747 shares of the electronics maker’s stock worth $190,000 after acquiring an additional 2,322 shares during the last quarter. ETRADE Capital Management LLC bought a new stake in Sanmina during the 3rd quarter worth approximately $228,000. Unison Advisors LLC bought a new stake in Sanmina during the 4th quarter worth approximately $216,000. Catalyst Capital Advisors LLC bought a new stake in Sanmina during the 3rd quarter worth approximately $267,000. Finally, Stifel Financial Corp grew its position in Sanmina by 3.3% during the 2nd quarter. Stifel Financial Corp now owns 7,658 shares of the electronics maker’s stock worth $291,000 after acquiring an additional 246 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.
Sanmina Corp (NASDAQ SANM) opened at $27.70 on Wednesday. The company has a market capitalization of $1,977.08, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 1.34 and a beta of 0.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.60 and a quick ratio of 0.95. Sanmina Corp has a 12-month low of $24.60 and a 12-month high of $42.95.
A number of equities research analysts recently commented on SANM shares. Bank of America lowered Sanmina from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 31st. Argus lowered Sanmina from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Zacks Investment Research lowered Sanmina from a “hold” rating to a “strong sell” rating in a research report on Friday, November 3rd. BidaskClub lowered Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. Finally, Craig Hallum upgraded Sanmina from a “hold” rating to a “buy” rating in a research report on Monday, December 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Sanmina presently has an average rating of “Hold” and a consensus target price of $37.25.
In other Sanmina news, Director Wayne Shortridge sold 5,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $27.01, for a total value of $135,050.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph G. Licata, Jr. sold 18,444 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $27.49, for a total value of $507,025.56. Following the completion of the transaction, the director now owns 48,787 shares in the company, valued at $1,341,154.63. The disclosure for this sale can be found here. 5.12% of the stock is currently owned by company 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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