DekaBank Deutsche Girozentrale boosted its stake in Sanmina Corp (NASDAQ:SANM) by 34.4% in the 1st quarter, HoldingsChannel reports. The firm owned 194,800 shares of the electronics maker’s stock after buying an additional 49,900 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Sanmina were worth $5,703,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Sanmina by 5.3% in the 1st quarter. BlackRock Inc. now owns 10,575,697 shares of the electronics maker’s stock valued at $305,110,000 after purchasing an additional 533,066 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in Sanmina by 8.7% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 3,072,002 shares of the electronics maker’s stock valued at $73,912,000 after buying an additional 247,128 shares during the last quarter. Norges Bank purchased a new position in Sanmina in the 4th quarter valued at about $24,725,000. D. E. Shaw & Co. Inc. boosted its position in Sanmina by 44.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 968,915 shares of the electronics maker’s stock valued at $23,312,000 after buying an additional 296,937 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in Sanmina by 0.4% in the 1st quarter. New York State Common Retirement Fund now owns 790,993 shares of the electronics maker’s stock valued at $22,820,000 after buying an additional 3,200 shares during the last quarter. Hedge funds and other institutional investors own 92.85% of the company’s stock.

NASDAQ:SANM opened at $27.07 on Tuesday. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 0.73 and a beta of 1.29. Sanmina Corp has a 1-year low of $22.30 and a 1-year high of $34.71.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, April 29th. The electronics maker reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.17. Sanmina had a net margin of 1.48% and a return on equity of 13.48%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the prior year, the company posted $0.50 EPS. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. As a group, equities research analysts predict that Sanmina Corp will post 3.02 earnings per share for the current year.

In other news, insider Jure Sola sold 300,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $33.47, for a total transaction of $10,041,000.00. Following the transaction, the insider now owns 867,401 shares of the company’s stock, valued at $29,031,911.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alan Mcwilliams Reid sold 9,845 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $33.46, for a total transaction of $329,413.70. Following the transaction, the executive vice president now directly owns 57,077 shares in the company, valued at approximately $1,909,796.42. The disclosure for this sale can be found here. Insiders have sold 312,607 shares of company stock worth $10,457,251 in the last ninety days. Corporate insiders own 5.55% of the company’s stock.

A number of research firms have weighed in on SANM. BidaskClub cut shares of Sanmina from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 23rd. Zacks Investment Research raised shares of Sanmina from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Wednesday, May 15th. Finally, TheStreet raised shares of Sanmina from a “c+” rating to a “b-” rating in a research report on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $34.00.

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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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