Trail Ridge Investment Advisors LLC purchased a new position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,632 shares of the electronics maker's stock, valued at approximately $201,000.
Several other institutional investors also recently modified their holdings of SANM. 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 acquiring an additional 121 shares during 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 acquiring an additional 152 shares during the last quarter. Xponance Inc. boosted its position in Sanmina by 3.4% during the first quarter. Xponance Inc. now owns 4,687 shares of the electronics maker's stock valued at $357,000 after acquiring an additional 152 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in Sanmina by 1.5% during the first quarter. SummerHaven Investment Management LLC now owns 11,709 shares of the electronics maker's stock valued at $892,000 after acquiring an additional 172 shares during the last quarter. Finally, Kendall Capital Management boosted its position in Sanmina by 3.1% during the first quarter. Kendall Capital Management now owns 6,395 shares of the electronics maker's stock valued at $487,000 after acquiring an additional 190 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.
Sanmina Stock Up 0.4%
NASDAQ SANM traded up $0.44 during trading hours on Thursday, hitting $104.61. The company's stock had a trading volume of 883,852 shares, compared to its average volume of 422,952. The company has a current ratio of 1.96, a quick ratio of 1.22 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $5.59 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 1.60 and a beta of 1.17. Sanmina Corporation has a 52 week low of $61.52 and a 52 week high of $107.03. The company's 50-day simple moving average is $91.41 and its two-hundred day simple moving average is $83.66.
Sanmina (NASDAQ:SANM - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The electronics maker reported $1.41 EPS for the quarter, beating the consensus estimate of $1.38 by $0.03. Sanmina had a net margin of 3.09% and a return on equity of 10.84%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the business posted $1.30 EPS. The company's revenue for the quarter was up 8.1% on a year-over-year basis. Research analysts anticipate that Sanmina Corporation will post 5.15 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Sanmina from $100.00 to $120.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th.
Check Out Our Latest Analysis on Sanmina
Sanmina Profile
(
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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