Virginia Retirement Systems ET AL raised its position in Sanmina Corp (NASDAQ:SANM) by 21.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 28,200 shares of the electronics maker’s stock after acquiring an additional 5,000 shares during the period. Virginia Retirement Systems ET AL’s holdings in Sanmina were worth $854,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its stake in shares of Sanmina by 1.8% in the second quarter. State of Alaska Department of Revenue now owns 23,490 shares of the electronics maker’s stock valued at $711,000 after purchasing an additional 426 shares during the period. Arizona State Retirement System lifted its stake in shares of Sanmina by 0.4% in the first quarter. Arizona State Retirement System now owns 105,563 shares of the electronics maker’s stock valued at $3,045,000 after purchasing an additional 436 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Sanmina by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 26,439 shares of the electronics maker’s stock valued at $763,000 after purchasing an additional 478 shares during the period. Mason Street Advisors LLC lifted its stake in shares of Sanmina by 3.7% in the first quarter. Mason Street Advisors LLC now owns 21,977 shares of the electronics maker’s stock valued at $634,000 after purchasing an additional 777 shares during the period. Finally, Piedmont Investment Advisors Inc. lifted its stake in shares of Sanmina by 6.3% in the first quarter. Piedmont Investment Advisors Inc. now owns 17,329 shares of the electronics maker’s stock valued at $500,000 after purchasing an additional 1,025 shares during the period. Institutional investors own 91.98% of the company’s stock.

SANM traded up $0.50 during midday trading on Tuesday, reaching $30.31. 200 shares of the company’s stock were exchanged, compared to its average volume of 455,195. The company has a quick ratio of 1.14, a current ratio of 1.64 and a debt-to-equity ratio of 0.22. The firm has a market cap of $2.07 billion, a PE ratio of 16.55, a PEG ratio of 0.84 and a beta of 1.33. The company’s 50-day moving average price is $30.58. Sanmina Corp has a 1-year low of $22.30 and a 1-year high of $34.71.

Sanmina (NASDAQ:SANM) last announced its earnings results on Monday, July 29th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Sanmina had a net margin of 1.55% and a return on equity of 13.98%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 earnings per share. Equities analysts predict that Sanmina Corp will post 2.98 earnings per share for the current fiscal year.

SANM has been the subject of several recent analyst reports. TheStreet upgraded shares of Sanmina from a “c+” rating to a “b-” rating in a research note on Tuesday, April 30th. Zacks Investment Research upgraded shares of Sanmina from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, BidaskClub cut shares of Sanmina from a “hold” rating to a “sell” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $33.00.

In other Sanmina news, SVP Brent Billinger sold 931 shares of Sanmina stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $30.12, for a total transaction of $28,041.72. Following the completion of the transaction, the senior vice president now owns 20,877 shares in the company, valued at $628,815.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.55% of the company’s stock.

Sanmina 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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