Sanmina Corporation (NASDAQ:SANM) Stake Increased by Mesirow Financial Investment Management Equity Management
Mesirow Financial Investment Management Equity Management boosted its position in Sanmina Corporation (NASDAQ:SANM) by 12.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 403,820 shares of the electronics maker’s stock after buying an additional 45,020 shares during the period. Mesirow Financial Investment Management Equity Management’s holdings in Sanmina Corporation were worth $15,386,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in SANM. LS Investment Advisors LLC boosted its stake in Sanmina Corporation by 4.1% in the second quarter. LS Investment Advisors LLC now owns 3,498 shares of the electronics maker’s stock valued at $133,000 after buying an additional 138 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Sanmina Corporation during the second quarter valued at $203,000. Nisa Investment Advisors LLC boosted its stake in Sanmina Corporation by 3.8% in the second quarter. Nisa Investment Advisors LLC now owns 5,440 shares of the electronics maker’s stock valued at $207,000 after buying an additional 200 shares during the last quarter. Everence Capital Management Inc. bought a new stake in Sanmina Corporation during the first quarter valued at $209,000. Finally, Menta Capital LLC bought a new stake in Sanmina Corporation during the first quarter valued at $219,000. Institutional investors and hedge funds own 94.35% of the company’s stock.
Sanmina Corporation (SANM) opened at 35.60 on Wednesday. The company’s 50-day moving average is $38.50 and its 200 day moving average is $38.53. Sanmina Corporation has a 1-year low of $25.60 and a 1-year high of $42.95. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 13.00 and a beta of 0.78.
Sanmina Corporation (NASDAQ:SANM) last released its earnings results on Monday, July 24th. The electronics maker reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by $0.01. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.74 billion. Sanmina Corporation had a net margin of 3.15% and a return on equity of 12.35%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 EPS. On average, equities analysts predict that Sanmina Corporation will post $3.01 EPS for the current fiscal year.
SANM has been the subject of several research reports. 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. ValuEngine upgraded shares of Sanmina Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. Royal Bank Of Canada restated a “sector perform” rating and issued a $42.00 price objective (up previously from $39.00) 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, Zacks Investment Research cut shares of Sanmina Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Sanmina Corporation has an average rating of “Hold” and a consensus price target of $42.80.
In other Sanmina Corporation news, VP Robert K. Eulau sold 10,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $38.40, for a total transaction of $384,000.00. Following the completion of the sale, the vice president now owns 200,000 shares of the company’s stock, valued at approximately $7,680,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.96% of the company’s stock.
About Sanmina Corporation
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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