Opus Capital Group LLC cut its stake in shares of Sanmina Corporation (NASDAQ:SANM) by 45.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 135,374 shares of the electronics maker’s stock after selling 113,080 shares during the period. Sanmina Corporation makes up approximately 1.0% of Opus Capital Group LLC’s holdings, making the stock its 10th largest position. Opus Capital Group LLC owned about 0.18% of Sanmina Corporation worth $5,158,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of SANM. LS Investment Advisors LLC boosted its stake in Sanmina Corporation by 4.1% in the second quarter. LS Investment Advisors LLC now owns 3,498 shares of the electronics maker’s stock valued at $133,000 after buying an additional 138 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Sanmina Corporation during the second quarter valued at about $203,000. Nisa Investment Advisors LLC boosted its stake in Sanmina Corporation by 3.8% in the second quarter. Nisa Investment Advisors LLC now owns 5,440 shares of the electronics maker’s stock valued at $207,000 after buying an additional 200 shares in the last quarter. Everence Capital Management Inc. bought a new stake in Sanmina Corporation during the first quarter valued at about $209,000. Finally, Menta Capital LLC bought a new stake in Sanmina Corporation during the first quarter valued at about $219,000. 94.91% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sanmina Corporation (NASDAQ:SANM) opened at 35.20 on Friday. Sanmina Corporation has a 1-year low of $26.00 and a 1-year high of $42.95. The firm’s 50-day moving average is $37.90 and its 200 day moving average is $38.55. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 12.86 and a beta of 0.78.
Sanmina Corporation (NASDAQ:SANM) last posted its quarterly earnings data on Monday, July 24th. The electronics maker reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by $0.01. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.74 billion. Sanmina Corporation had a net margin of 3.15% and a return on equity of 12.35%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 earnings per share. Equities analysts expect that Sanmina Corporation will post $3.01 EPS for the current fiscal year.
Several analysts recently issued reports on SANM shares. Bank of America Corporation reaffirmed a “buy” rating and issued a $48.00 price target on shares of Sanmina Corporation in a report on Thursday, June 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price target on shares of Sanmina Corporation in a report on Tuesday, April 25th. ValuEngine raised shares of Sanmina Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 27th. Royal Bank Of Canada cut their price target on shares of Sanmina Corporation from $42.00 to $40.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 25th. Finally, Zacks Investment Research cut shares of Sanmina Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.80.
In related news, VP Robert K. Eulau sold 10,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $36.95, for a total value of $369,500.00. Following the completion of the transaction, the vice president now directly owns 190,000 shares of the company’s stock, valued at $7,020,500. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 30,000 shares of company stock valued at $1,133,200. 4.96% of the stock is owned by company insiders.
Sanmina Corporation Company Profile
Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides its offerings primarily to original equipment manufacturers (OEMs) in various industries, including communications networks, storage, industrial, defense and aerospace, medical and energy.
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