Rhumbline Advisers trimmed its holdings in shares of Sanmina Corp (NASDAQ:SANM) by 2.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,107 shares of the electronics maker’s stock after selling 3,700 shares during the period. Rhumbline Advisers owned 0.26% of Sanmina worth $4,805,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. increased 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 purchasing an additional 235,796 shares in the last quarter. Earnest Partners LLC increased 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 purchasing an additional 14,584 shares in the last quarter. Diamond Hill Capital Management Inc. increased 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 purchasing an additional 227,556 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Sanmina by 13.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,345,800 shares of the electronics maker’s stock valued at $37,144,000 after purchasing an additional 155,999 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Sanmina by 4.3% during the 3rd quarter. Wells Fargo & Company MN now owns 453,466 shares of the electronics maker’s stock valued at $12,516,000 after purchasing an additional 18,729 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

NASDAQ SANM opened at $25.12 on Friday. The firm has a market capitalization of $1.77 billion, a PE ratio of 12.50 and a beta of 0.70. Sanmina Corp has a 52 week low of $22.62 and a 52 week high of $35.55. The company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 0.01.

Sanmina (NASDAQ:SANM) last released its earnings results on Monday, October 29th. The electronics maker reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Sanmina had a positive return on equity of 10.25% and a negative net margin of 1.28%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $0.64 EPS.

In other news, CFO David Robert Anderson sold 14,595 shares of Sanmina stock in a transaction on Monday, November 19th. The stock was sold at an average price of $26.02, for a total value of $379,761.90. Following the completion of the sale, the chief financial officer now directly owns 39,000 shares of the company’s stock, valued at approximately $1,014,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.12% of the stock is currently owned by company insiders.

Several research firms have recently commented on SANM. Zacks Investment Research raised Sanmina from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. BidaskClub cut Sanmina from a “hold” rating to a “sell” rating in a research note on Saturday, September 15th. Finally, ValuEngine cut Sanmina from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $35.75.

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Sanmina Profile

Sanmina Corp. engages in the provision of integrated manufacturing solutions, components, products and repair, logistics, and after-market services. It operates through the Integrated Manufacturing Solutions (IMS); and Components, Products, and Services (CPS) segments. The IMS segment consists of printed circuit board assembly and test, final system assembly and test, and direct-order-fulfillment.

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Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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