HBK Investments L P lifted its holdings in shares of Sanmina Corp (NASDAQ:SANM) by 439.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 120,800 shares of the electronics maker’s stock after buying an additional 98,400 shares during the period. HBK Investments L P owned approximately 0.17% of Sanmina worth $3,986,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in SANM. US Bancorp DE lifted its position in Sanmina by 67.8% in the fourth quarter. US Bancorp DE now owns 5,747 shares of the electronics maker’s stock valued at $190,000 after purchasing an additional 2,322 shares during the period. JOYN Advisors Inc. acquired a new stake in Sanmina in the fourth quarter valued at about $215,000. Unison Advisors LLC acquired a new stake in Sanmina in the fourth quarter valued at about $216,000. ETRADE Capital Management LLC acquired a new stake in Sanmina in the third quarter valued at about $228,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Sanmina in the third quarter valued at about $267,000. Institutional investors and hedge funds own 93.60% of the company’s stock.
In other Sanmina news, Director Joseph G. Licata, Jr. sold 18,444 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $27.49, for a total value of $507,025.56. Following the completion of the transaction, the director now directly owns 48,787 shares of the company’s stock, valued at $1,341,154.63. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Brent Billinger bought 1,500 shares of the company’s stock in a transaction on Monday, February 5th. The stock was bought at an average cost of $26.33 per share, with a total value of $39,495.00. Following the completion of the acquisition, the senior vice president now owns 18,004 shares of the company’s stock, valued at approximately $474,045.32. The disclosure for this purchase can be found here. Company insiders own 5.12% of the company’s stock.
Shares of Sanmina Corp (NASDAQ:SANM) opened at $27.90 on Friday. Sanmina Corp has a 12-month low of $24.60 and a 12-month high of $42.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.60 and a quick ratio of 0.95. The company has a market cap of $1,987.77, a PE ratio of 11.30, a P/E/G ratio of 1.35 and a beta of 0.63.
Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, January 29th. The electronics maker reported $0.48 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.48. Sanmina had a negative net margin of 0.88% and a positive return on equity of 11.61%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the company posted $0.75 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. equities analysts forecast that Sanmina Corp will post 1.72 EPS for the current year.
SANM has been the subject of a number of recent analyst reports. Royal Bank of Canada reduced their price objective on shares of Sanmina to $31.00 and set a “sector perform” rating for the company in a research report on Monday, January 22nd. BidaskClub downgraded shares of Sanmina from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded shares of Sanmina from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Craig Hallum upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research report on Monday, December 18th. Finally, ValuEngine upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $37.25.
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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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