Bailard Inc. Takes Position in Sanmina Corporation (NASDAQ:SANM)

Bailard Inc. purchased a new position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,700 shares of the electronics maker's stock, valued at approximately $206,000.

Several other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Sanmina during the fourth quarter worth about $2,644,000. HighTower Advisors LLC purchased a new position in shares of Sanmina during the 4th quarter worth approximately $392,000. Commonwealth Equity Services LLC lifted its stake in Sanmina by 1.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,429 shares of the electronics maker's stock valued at $865,000 after buying an additional 204 shares in the last quarter. Natixis Advisors LLC lifted its stake in Sanmina by 3.2% in the 4th quarter. Natixis Advisors LLC now owns 15,908 shares of the electronics maker's stock valued at $1,204,000 after buying an additional 498 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in Sanmina during the 4th quarter valued at $380,000. Hedge funds and other institutional investors own 92.71% of the company's stock.

Sanmina Trading Down 4.8%

SANM stock traded down $4.86 during midday trading on Thursday, hitting $95.79. The stock had a trading volume of 832,762 shares, compared to its average volume of 538,428. The company's 50-day moving average price is $93.05 and its 200 day moving average price is $84.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.96 and a quick ratio of 1.22. The firm has a market cap of $5.12 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. Sanmina Corporation has a 12-month low of $61.52 and a 12-month high of $107.03.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The electronics maker reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.03. Sanmina had a return on equity of 10.84% and a net margin of 3.09%. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the business earned $1.30 earnings per share. The business's revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts predict that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Bank of America boosted their price target on Sanmina from $100.00 to $120.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th.

Sanmina Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.