Sanmina Corporation (NASDAQ:SANM) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 87.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,311 shares of the electronics maker's stock after buying an additional 4,810 shares during the period. Janney Montgomery Scott LLC's holdings in Sanmina were worth $785,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in SANM. Kendall Capital Management increased its holdings in shares of Sanmina by 2.0% in the 4th quarter. Kendall Capital Management now owns 6,205 shares of the electronics maker's stock valued at $470,000 after acquiring an additional 120 shares during the period. Summit Investment Advisors Inc. boosted its position in Sanmina by 2.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,620 shares of the electronics maker's stock valued at $425,000 after purchasing an additional 121 shares in the last quarter. Mariner LLC boosted its position in Sanmina by 3.5% during the fourth quarter. Mariner LLC now owns 4,510 shares of the electronics maker's stock valued at $341,000 after purchasing an additional 152 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Sanmina by 1.5% in the first quarter. SummerHaven Investment Management LLC now owns 11,709 shares of the electronics maker's stock valued at $892,000 after purchasing an additional 172 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in Sanmina by 1.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,429 shares of the electronics maker's stock worth $865,000 after purchasing an additional 204 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors.

Sanmina Stock Performance

Shares of Sanmina stock traded up $2.75 during midday trading on Wednesday, hitting $101.24. The company had a trading volume of 349,174 shares, compared to its average volume of 410,706. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 1.52 and a beta of 1.17. Sanmina Corporation has a 12-month low of $61.52 and a 12-month high of $101.55. 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 fifty day simple moving average of $85.71 and a 200 day simple moving average of $81.58.

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

Wall Street Analyst Weigh In

SANM has been the topic of a number of recent analyst reports. Wall Street Zen upgraded 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 $95.00 to $100.00 and gave the company a "neutral" rating in a research report on Monday, June 9th.

Sanmina Company 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.