SG Americas Securities LLC lessened its holdings in Sanmina Corporation (NASDAQ:SANM) by 8.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,791 shares of the electronics maker’s stock after selling 598 shares during the quarter. SG Americas Securities LLC’s holdings in Sanmina Corporation were worth $259,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Affinity Investment Advisors LLC boosted its holdings in shares of Sanmina Corporation by 0.5% in the 2nd quarter. Affinity Investment Advisors LLC now owns 6,196 shares of the electronics maker’s stock valued at $236,000 after purchasing an additional 31 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in shares of Sanmina Corporation by 4.1% in the 2nd quarter. LS Investment Advisors LLC now owns 3,498 shares of the electronics maker’s stock valued at $133,000 after purchasing an additional 138 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Sanmina Corporation by 3.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,440 shares of the electronics maker’s stock valued at $207,000 after purchasing an additional 200 shares in the last quarter. Aperio Group LLC boosted its holdings in shares of Sanmina Corporation by 0.7% in the 2nd quarter. Aperio Group LLC now owns 32,423 shares of the electronics maker’s stock valued at $1,235,000 after purchasing an additional 213 shares in the last quarter. Finally, Texas Permanent School Fund boosted its holdings in shares of Sanmina Corporation by 0.4% in the 1st quarter. Texas Permanent School Fund now owns 53,789 shares of the electronics maker’s stock valued at $2,184,000 after purchasing an additional 239 shares in the last quarter. 92.78% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on SANM shares. Zacks Investment Research raised Sanmina Corporation from a “sell” rating to a “hold” rating in a report on Thursday. Royal Bank Of Canada reduced their target price on Sanmina Corporation from $42.00 to $40.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 25th. ValuEngine raised Sanmina Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Sanmina Corporation in a report on Tuesday, July 25th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $48.00 target price on shares of Sanmina Corporation in a report on Thursday, June 15th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $42.80.

Shares of Sanmina Corporation (SANM) opened at 37.15 on Friday. The company’s 50 day moving average price is $36.27 and its 200 day moving average price is $38.04. The firm has a market cap of $2.80 billion, a P/E ratio of 13.57 and a beta of 0.78. Sanmina Corporation has a 12-month low of $26.70 and a 12-month high of $42.95.

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

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In related news, VP Robert K. Eulau sold 10,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $36.95, for a total value of $369,500.00. Following the completion of the transaction, the vice president now directly owns 190,000 shares in the company, valued at $7,020,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 30,000 shares of company stock valued at $1,125,600 over the last quarter. 4.96% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for Sanmina Corporation (NASDAQ:SANM)

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