Edgestream Partners L.P. bought a new position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 49,700 shares of the electronics maker's stock, valued at approximately $3,786,000. Edgestream Partners L.P. owned about 0.09% of Sanmina at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SANM. CWM LLC raised its stake in shares of Sanmina by 26.1% during the 1st quarter. CWM LLC now owns 1,466 shares of the electronics maker's stock valued at $112,000 after buying an additional 303 shares during the last quarter. New York State Common Retirement Fund grew its holdings in Sanmina by 0.5% during the first quarter. New York State Common Retirement Fund now owns 357,500 shares of the electronics maker's stock worth $27,234,000 after acquiring an additional 1,646 shares during the period. Xponance Inc. grew its holdings in Sanmina by 3.4% during the first quarter. Xponance Inc. now owns 4,687 shares of the electronics maker's stock worth $357,000 after acquiring an additional 152 shares during the period. Kesler Norman & Wride LLC boosted its position in Sanmina by 10.2% in the 1st quarter. Kesler Norman & Wride LLC now owns 11,340 shares of the electronics maker's stock worth $864,000 after purchasing an additional 1,052 shares in the last quarter. Finally, Allworth Financial LP grew its stake in shares of Sanmina by 1,906.9% during the 1st quarter. Allworth Financial LP now owns 7,526 shares of the electronics maker's stock worth $604,000 after purchasing an additional 7,151 shares during the period. 92.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on SANM. Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Bank of America increased their target price on shares of Sanmina from $100.00 to $120.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th.
Read Our Latest Report on SANM
Sanmina Price Performance
Shares of Sanmina stock traded up $2.04 on Thursday, reaching $106.21. The company's stock had a trading volume of 502,268 shares, compared to its average volume of 421,271. The company has a quick ratio of 1.22, a current ratio of 1.96 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $5.68 billion, a P/E ratio of 24.57, a PEG ratio of 1.59 and a beta of 1.17. The stock has a 50-day moving average price of $90.93 and a 200-day moving average price of $83.46. Sanmina Corporation has a 52-week low of $61.52 and a 52-week high of $107.14.
Sanmina (NASDAQ:SANM - Get Free Report) last released its earnings results on Monday, April 28th. The electronics maker reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.03. Sanmina had a net margin of 3.09% and a return on equity of 10.84%. The business had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter in the previous year, the company earned $1.30 earnings per share. The company's quarterly revenue was up 8.1% on a year-over-year basis. Analysts expect that Sanmina Corporation will post 5.15 EPS for the current year.
About Sanmina
(
Free Report)
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.
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