BlackRock Inc. grew its position in shares of Sanmina Corp (NASDAQ:SANM) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,042,631 shares of the electronics maker’s stock after buying an additional 293,968 shares during the period. BlackRock Inc. owned 0.15% of Sanmina worth $241,626,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SANM. Russell Investments Group Ltd. lifted its stake in Sanmina by 139.7% in the third quarter. Russell Investments Group Ltd. now owns 174,481 shares of the electronics maker’s stock valued at $4,815,000 after acquiring an additional 101,694 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Sanmina by 4.3% in the third 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 during the period. SG Americas Securities LLC raised its position in shares of Sanmina by 107.4% in the third quarter. SG Americas Securities LLC now owns 9,949 shares of the electronics maker’s stock valued at $275,000 after purchasing an additional 5,151 shares during the period. Commonwealth Bank of Australia bought a new position in shares of Sanmina in the third quarter valued at approximately $441,000. Finally, Alliancebernstein L.P. raised its position in shares of Sanmina by 1.4% in the third quarter. Alliancebernstein L.P. now owns 2,859,056 shares of the electronics maker’s stock valued at $78,910,000 after purchasing an additional 38,713 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Brent Billinger sold 1,500 shares of the business’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $32.79, for a total transaction of $49,185.00. Following the transaction, the senior vice president now owns 25,139 shares of the company’s stock, valued at $824,307.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David Robert Anderson sold 14,167 shares of the business’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $31.89, for a total transaction of $451,785.63. Following the transaction, the chief financial officer now directly owns 92,000 shares in the company, valued at approximately $2,933,880. The disclosure for this sale can be found here. Insiders have sold 238,126 shares of company stock worth $7,654,959 in the last ninety days. 5.55% of the stock is currently owned by insiders.

A number of equities analysts have recently commented on SANM shares. Citigroup lowered shares of Sanmina from a “buy” rating to a “neutral” rating in a research report on Thursday, December 20th. BidaskClub raised shares of Sanmina from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 29th. Finally, Royal Bank of Canada lifted their price target on shares of Sanmina to $33.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $36.00.

NASDAQ:SANM opened at $30.55 on Friday. Sanmina Corp has a 12 month low of $22.30 and a 12 month high of $34.30. The company has a market capitalization of $2.09 billion, a PE ratio of 16.60 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.86 and a current ratio of 1.27.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, January 28th. The electronics maker reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.12. Sanmina had a net margin of 1.35% and a return on equity of 11.86%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the firm posted $0.48 earnings per share. The company’s quarterly revenue was up 25.4% compared to the same quarter last year.

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Sanmina Company Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two segments, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, 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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