Foundry Partners LLC increased its holdings in shares of Sanmina Corp (NASDAQ:SANM) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 324,189 shares of the electronics maker’s stock after purchasing an additional 7,828 shares during the quarter. Foundry Partners LLC owned 0.48% of Sanmina worth $8,948,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. BlackRock Inc. boosted its holdings in Sanmina by 2.5% during the 2nd quarter. BlackRock Inc. now owns 9,526,317 shares of the electronics maker’s stock valued at $279,120,000 after acquiring an additional 235,796 shares during the period. Earnest Partners LLC boosted its holdings in Sanmina by 0.5% during the 2nd quarter. Earnest Partners LLC now owns 2,996,940 shares of the electronics maker’s stock valued at $87,810,000 after acquiring an additional 14,584 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in Sanmina by 10.2% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 2,467,766 shares of the electronics maker’s stock valued at $72,306,000 after acquiring an additional 227,556 shares during the period. Victory Capital Management Inc. boosted its holdings in Sanmina by 13.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,189,801 shares of the electronics maker’s stock valued at $34,861,000 after acquiring an additional 144,445 shares during the period. Finally, Sadoff Investment Management LLC boosted its holdings in Sanmina by 2.5% during the 2nd quarter. Sadoff Investment Management LLC now owns 906,037 shares of the electronics maker’s stock valued at $26,547,000 after acquiring an additional 21,825 shares during the period. 93.10% of the stock is owned by hedge funds and other institutional investors.

Shares of SANM opened at $25.36 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 0.73. The stock has a market capitalization of $1.88 billion, a PE ratio of 8.84, a P/E/G ratio of 1.37 and a beta of 0.48. Sanmina Corp has a 1 year low of $23.35 and a 1 year high of $39.40.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, July 30th. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Sanmina had a negative net margin of 1.01% and a positive return on equity of 10.28%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 EPS. As a group, sell-side analysts expect that Sanmina Corp will post 1.68 EPS for the current year.

A number of equities analysts recently commented on SANM shares. BidaskClub cut Sanmina from a “sell” rating to a “strong sell” rating in a report on Thursday, October 4th. ValuEngine cut Sanmina from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. Zacks Investment Research cut Sanmina from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Finally, Citigroup lifted their price objective on Sanmina from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $35.75.

Sanmina Company Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. The company offers product design and engineering solutions, including concept development, detailed design, prototyping, validation, preproduction, and manufacturing design release; manufacturing solutions of components, subassemblies, and complete systems; final system assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services.

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Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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