Texas Permanent School Fund increased its position in shares of Sanmina Corporation (NASDAQ:SANM) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,149 shares of the electronics maker’s stock after buying an additional 1,360 shares during the period. Texas Permanent School Fund’s holdings in Sanmina Corporation were worth $2,101,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Sanmina Corporation by 20,899.1% in the first quarter. BlackRock Inc. now owns 11,067,786 shares of the electronics maker’s stock worth $449,352,000 after buying an additional 11,015,080 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Sanmina Corporation by 8.2% in the first quarter. Vanguard Group Inc. now owns 7,218,202 shares of the electronics maker’s stock worth $293,059,000 after buying an additional 548,729 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Sanmina Corporation by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 6,281,827 shares of the electronics maker’s stock worth $255,042,000 after buying an additional 35,365 shares in the last quarter. LSV Asset Management raised its stake in shares of 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 in the last quarter. Finally, State Street Corp raised its stake in shares of Sanmina Corporation by 1.9% in the first quarter. State Street Corp now owns 1,873,742 shares of the electronics maker’s stock worth $76,073,000 after buying an additional 35,137 shares in the last quarter. 94.35% of the stock is owned by hedge funds and other institutional investors.

Shares of Sanmina Corporation (SANM) opened at 35.70 on Friday. The company has a market capitalization of $2.69 billion, a P/E ratio of 13.04 and a beta of 0.78. The company has a 50 day moving average price of $38.21 and a 200 day moving average price of $38.54. Sanmina Corporation has a 12-month low of $26.00 and a 12-month high of $42.95.

Sanmina Corporation (NASDAQ:SANM) last announced its earnings results on Monday, July 24th. The electronics maker reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by $0.01. Sanmina Corporation had a net margin of 3.15% and a return on equity of 12.35%. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the business earned $0.63 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year. Equities analysts anticipate that Sanmina Corporation will post $3.01 EPS for the current year.

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SANM has been the subject of a number of recent analyst reports. Royal Bank Of Canada lowered their target price on shares of Sanmina Corporation from $42.00 to $40.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 25th. ValuEngine raised shares of Sanmina Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered shares of Sanmina Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, July 28th. Needham & Company LLC reissued a “buy” rating and set a $45.00 target price on shares of Sanmina Corporation in a research note on Tuesday, April 25th. Finally, Bank of America Corporation reissued a “buy” rating and set a $48.00 target price on shares of Sanmina Corporation in a research note on Thursday, June 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $42.80.

In other news, VP Robert K. Eulau sold 10,000 shares of Sanmina Corporation stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $38.40, for a total value of $384,000.00. Following the completion of the transaction, the vice president now owns 200,000 shares in the company, valued at approximately $7,680,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.96% of the company’s stock.

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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