Strs Ohio raised its stake in shares of Sanmina Corporation (NASDAQ:SANM) by 2.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,100 shares of the electronics maker’s stock after buying an additional 700 shares during the period. Strs Ohio’s holdings in Sanmina Corporation were worth $1,375,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of SANM. Regentatlantic Capital LLC acquired a new stake in shares of Sanmina Corporation during the first quarter valued at approximately $322,000. Louisiana State Employees Retirement System boosted its stake in shares of Sanmina Corporation by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 30,300 shares of the electronics maker’s stock valued at $1,230,000 after buying an additional 800 shares during the last quarter. Capital Impact Advisors LLC boosted its stake in shares of Sanmina Corporation by 3.7% in the first quarter. Capital Impact Advisors LLC now owns 38,057 shares of the electronics maker’s stock valued at $1,545,000 after buying an additional 1,357 shares during the last quarter. Boston Advisors LLC boosted its stake in shares of Sanmina Corporation by 203.8% in the first quarter. Boston Advisors LLC now owns 409,315 shares of the electronics maker’s stock valued at $16,618,000 after buying an additional 274,565 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in shares of Sanmina Corporation during the first quarter valued at approximately $209,000. Institutional investors own 94.35% of the company’s stock.

Shares of Sanmina Corporation (NASDAQ:SANM) opened at 35.70 on Friday. Sanmina Corporation has a 12 month low of $26.00 and a 12 month high of $42.95. The firm’s 50 day moving average is $38.21 and its 200 day moving average is $38.54. The company has a market cap of $2.69 billion, a PE ratio of 13.04 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 the Zacks’ consensus estimate of $0.75 by $0.01. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Sanmina Corporation had a net margin of 3.15% and a return on equity of 12.35%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 earnings per share. On average, equities analysts predict that Sanmina Corporation will post $3.01 earnings per share for the current year.

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SANM has been the subject of several recent research reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $42.00 target price (up previously from $39.00) on shares of Sanmina Corporation in a research report on Tuesday, April 25th. Needham & Company LLC reiterated a “buy” rating and set a $45.00 target price on shares of Sanmina Corporation in a research report on Tuesday, April 25th. Bank of America Corporation reiterated a “buy” rating and set a $48.00 target price on shares of Sanmina Corporation in a research report on Thursday, June 15th. ValuEngine upgraded shares of Sanmina Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. 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 given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $42.80.

In other Sanmina Corporation news, VP Robert K. Eulau sold 10,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $38.40, for a total value of $384,000.00. Following the transaction, the vice president now directly owns 200,000 shares in the company, valued at $7,680,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.96% of the stock is owned by 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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