Peregrine Capital Management LLC lifted its holdings in shares of Sanmina Corp (NASDAQ:SANM) by 49.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 315,102 shares of the electronics maker’s stock after acquiring an additional 104,876 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.46% of Sanmina worth $7,581,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of SANM. Matarin Capital Management LLC acquired a new stake in Sanmina during the 3rd quarter worth approximately $14,771,000. Diamond Hill Capital Management Inc. lifted its holdings in Sanmina by 14.5% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,824,874 shares of the electronics maker’s stock worth $77,967,000 after purchasing an additional 357,108 shares during the last quarter. Morgan Stanley lifted its holdings in Sanmina by 100.1% during the 3rd quarter. Morgan Stanley now owns 497,079 shares of the electronics maker’s stock worth $13,719,000 after purchasing an additional 248,655 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Sanmina during the 2nd quarter worth approximately $6,602,000. Finally, BlackRock Inc. lifted its holdings in Sanmina by 2.3% during the 3rd quarter. BlackRock Inc. now owns 9,748,663 shares of the electronics maker’s stock worth $269,063,000 after purchasing an additional 222,346 shares during the last quarter. Institutional investors own 92.04% of the company’s stock.
NASDAQ SANM traded down $0.35 during midday trading on Monday, hitting $31.81. The company had a trading volume of 549,400 shares, compared to its average volume of 578,546. The stock has a market capitalization of $2.20 billion, a PE ratio of 17.29 and a beta of 1.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.27 and a quick ratio of 0.86. Sanmina Corp has a twelve month low of $22.30 and a twelve month high of $34.30.
Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, January 28th. The electronics maker reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.12. Sanmina had a return on equity of 11.86% and a net margin of 1.35%. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the firm earned $0.48 EPS. The company’s quarterly revenue was up 25.4% compared to the same quarter last year.
In other news, CFO David Robert Anderson sold 14,595 shares of the business’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $26.02, for a total transaction of $379,761.90. Following the completion of the transaction, the chief financial officer now owns 39,000 shares of the company’s stock, valued at approximately $1,014,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.55% of the stock is currently owned by insiders.
SANM has been the subject of several research reports. Citigroup cut Sanmina from a “buy” rating to a “neutral” rating in a report on Thursday, December 20th. BidaskClub raised Sanmina from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 29th. Finally, Royal Bank of Canada lifted their price objective on Sanmina to $33.00 and gave the company a “sector perform” rating in a report on Tuesday, January 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $36.00.
Sanmina Company Profile
Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two segments, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, and manufacturing design release; manufacturing solutions of components, subassemblies, and complete systems; final system assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services.
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