Sanmina Corp. (SANM) Shares Sold by Strs Ohio
Strs Ohio decreased its position in Sanmina Corp. (NASDAQ:SANM) by 9.6% during the second quarter, Holdings Channel reports. The fund owned 44,300 shares of the company’s stock after selling 4,700 shares during the period. Strs Ohio’s holdings in Sanmina Corp. were worth $1,187,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Adirondack Research & Management Inc. boosted its stake in shares of Sanmina Corp. by 6.0% in the first quarter. Adirondack Research & Management Inc. now owns 140,340 shares of the company’s stock worth $3,281,000 after buying an additional 8,000 shares during the period. Geode Capital Management LLC boosted its stake in Sanmina Corp. by 2.9% in the first quarter. Geode Capital Management LLC now owns 757,893 shares of the company’s stock worth $17,719,000 after buying an additional 21,450 shares during the period. Goldman Sachs Group Inc. boosted its stake in Sanmina Corp. by 2.7% in the first quarter. Goldman Sachs Group Inc. now owns 128,192 shares of the company’s stock worth $2,997,000 after buying an additional 3,349 shares during the period. Chubb Ltd. acquired a new stake in Sanmina Corp. during the first quarter worth approximately $2,390,000. Finally, State Street Corp boosted its stake in Sanmina Corp. by 3.9% in the first quarter. State Street Corp now owns 1,667,404 shares of the company’s stock worth $38,983,000 after buying an additional 62,759 shares during the period. 93.58% of the stock is currently owned by institutional investors and hedge funds.
Sanmina Corp. (NASDAQ:SANM) traded down 0.73% during mid-day trading on Thursday, reaching $27.25. The company had a trading volume of 439,458 shares. The firm’s 50 day moving average price is $27.68 and its 200-day moving average price is $26.12. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 5.42 and a beta of 1.46. Sanmina Corp. has a 12 month low of $16.31 and a 12 month high of $29.70.
Sanmina Corp. (NASDAQ:SANM) last released its quarterly earnings data on Monday, July 25th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. The business earned $1.67 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Sanmina Corp. had a return on equity of 11.53% and a net margin of 6.24%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 EPS. Equities research analysts anticipate that Sanmina Corp. will post $2.50 earnings per share for the current year.
SANM has been the subject of a number of research analyst reports. Craig Hallum cut Sanmina Corp. from a “buy” rating to a “hold” rating and set a $29.00 price target for the company. in a research note on Tuesday, July 26th. Needham & Company LLC reiterated a “buy” rating and issued a $32.00 price target on shares of Sanmina Corp. in a research note on Thursday, July 28th. Argus reiterated a “buy” rating and issued a $33.00 price target on shares of Sanmina Corp. in a research note on Thursday, July 28th. Zacks Investment Research cut Sanmina Corp. from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, July 26th. Finally, RBC Capital Markets reiterated an “in-line” rating and issued a $29.00 price target on shares of Sanmina Corp. in a research note on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Sanmina Corp. currently has a consensus rating of “Hold” and a consensus target price of $27.30.
In other news, Director John Goldsberry sold 13,178 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $26.59, for a total transaction of $350,403.02. Following the completion of the transaction, the director now directly owns 29,505 shares of the company’s stock, valued at approximately $784,537.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Alan Mcwilliams Reid sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $26.45, for a total value of $264,500.00. Following the transaction, the executive vice president now directly owns 10,184 shares of the company’s stock, valued at $269,366.80. The disclosure for this sale can be found here. Insiders own 4.59% of the company’s stock.
Sanmina Corp. Company Profile
Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides these offerings primarily to original equipment manufacturers (OEMs), in the communications networks, computing and storage, multimedia, industrial and semiconductor capital equipment, defense and aerospace, medical, clean technology (CleanTech) and automotive industries.
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