Sanmina Corp (SANM) Position Raised by Bank of Montreal Can

Bank of Montreal Can increased its holdings in Sanmina Corp (NASDAQ:SANM) by 2,408.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,109 shares of the electronics maker’s stock after buying an additional 64,434 shares during the period. Bank of Montreal Can owned 0.10% of Sanmina worth $1,615,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SANM. Matarin Capital Management LLC purchased a new stake in shares of Sanmina in the third quarter worth $14,771,000. Diamond Hill Capital Management Inc. raised its position in shares of Sanmina by 14.5% in the third quarter. Diamond Hill Capital Management Inc. now owns 2,824,874 shares of the electronics maker’s stock worth $77,967,000 after buying an additional 357,108 shares in the last quarter. Morgan Stanley raised its position in shares of Sanmina by 100.1% in the third quarter. Morgan Stanley now owns 497,079 shares of the electronics maker’s stock worth $13,719,000 after buying an additional 248,655 shares in the last quarter. BlackRock Inc. raised its position in shares of Sanmina by 2.3% in the third quarter. BlackRock Inc. now owns 9,748,663 shares of the electronics maker’s stock worth $269,063,000 after buying an additional 222,346 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Sanmina by 13.1% in the third quarter. Victory Capital Management Inc. now owns 1,345,800 shares of the electronics maker’s stock worth $37,144,000 after buying an additional 155,999 shares in the last quarter. Institutional investors own 92.04% of the company’s stock.

In other Sanmina news, CFO David Robert Anderson sold 14,595 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $26.02, for a total transaction of $379,761.90. Following the sale, the chief financial officer now owns 39,000 shares in the company, valued at $1,014,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.55% of the company’s stock.

NASDAQ SANM opened at $32.30 on Thursday. Sanmina Corp has a twelve month low of $22.30 and a twelve month high of $34.30. The company has a current ratio of 1.27, a quick ratio of 0.86 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 17.55 and a beta of 1.06.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, January 28th. The electronics maker reported $0.83 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the business posted $0.48 earnings per share. The company’s revenue for the quarter was up 25.4% on a year-over-year basis.

A number of equities research analysts have weighed in on the company. BidaskClub upgraded Sanmina from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Citigroup downgraded Sanmina from a “buy” rating to a “neutral” rating in a research report on Thursday, December 20th. Finally, Royal Bank of Canada raised their price target on Sanmina to $33.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $36.00.

TRADEMARK VIOLATION WARNING: “Sanmina Corp (SANM) Position Raised by Bank of Montreal Can” was posted by Community Financial News and is owned by of Community Financial News. If you are viewing this news story on another domain, it was stolen and republished in violation of US and international copyright laws. The correct version of this news story can be accessed at https://www.com-unik.info/2019/02/14/sanmina-corp-sanm-position-raised-by-bank-of-montreal-can.html.

Sanmina 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.

Recommended Story: Fundamental Analysis – How It Helps Investors

Want to see what other hedge funds are holding SANM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sanmina Corp (NASDAQ:SANM).

Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

Receive News & Ratings for Sanmina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanmina and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit