Measured Wealth Private Client Group LLC purchased a new position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,409 shares of the electronics maker's stock, valued at approximately $260,000.
Other large investors have also made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Sanmina by 34.1% during the first quarter. GAMMA Investing LLC now owns 1,720 shares of the electronics maker's stock worth $131,000 after purchasing an additional 437 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Sanmina by 10.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,210 shares of the electronics maker's stock worth $397,000 after purchasing an additional 476 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Sanmina by 87.4% during the first quarter. Janney Montgomery Scott LLC now owns 10,311 shares of the electronics maker's stock worth $785,000 after purchasing an additional 4,810 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of Sanmina by 60.0% during the fourth quarter. Squarepoint Ops LLC now owns 40,546 shares of the electronics maker's stock worth $3,068,000 after purchasing an additional 15,197 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Sanmina during the fourth quarter worth $2,644,000. 92.71% of the stock is owned by institutional investors and hedge funds.
Sanmina Price Performance
Shares of SANM opened at $121.25 on Friday. The firm has a market capitalization of $6.46 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.78 and a beta of 1.14. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.21. Sanmina Corporation has a 1-year low of $62.76 and a 1-year high of $122.08. The company's fifty day moving average price is $99.63 and its 200-day moving average price is $87.03.
Sanmina (NASDAQ:SANM - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The electronics maker reported $1.53 EPS for the quarter, beating the consensus estimate of $1.42 by $0.11. Sanmina had a net margin of 3.22% and a return on equity of 11.30%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the company earned $1.25 earnings per share. The firm's revenue was up 10.9% on a year-over-year basis. On average, equities research analysts predict that Sanmina Corporation will post 5.15 EPS for the current year.
Analyst Ratings Changes
A number of brokerages have recently weighed in on SANM. Bank of America boosted their price objective on shares of Sanmina from $100.00 to $120.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Wall Street Zen lowered shares of Sanmina from a "strong-buy" rating to a "buy" rating in a report on Saturday.
View Our Latest Analysis on SANM
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.
Recommended Stories
Want to see what other hedge funds are holding SANM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sanmina Corporation (NASDAQ:SANM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Sanmina, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sanmina wasn't on the list.
While Sanmina currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.