Sanmina Corporation (SANM) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its stake in shares of Sanmina Corporation (NASDAQ:SANM) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,189,928 shares of the electronics maker’s stock after selling 28,274 shares during the period. Vanguard Group Inc. owned 9.54% of Sanmina Corporation worth $273,935,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SANM. LS Investment Advisors LLC grew its holdings in shares of Sanmina Corporation by 4.1% during the 2nd quarter. LS Investment Advisors LLC now owns 3,498 shares of the electronics maker’s stock valued at $133,000 after acquiring an additional 138 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Sanmina Corporation by 70.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,927 shares of the electronics maker’s stock valued at $150,000 after acquiring an additional 1,627 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Sanmina Corporation during the 2nd quarter valued at $203,000. Nisa Investment Advisors LLC grew its holdings in shares of Sanmina Corporation by 3.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,440 shares of the electronics maker’s stock valued at $207,000 after acquiring an additional 200 shares in the last quarter. Finally, Menta Capital LLC purchased a new position in shares of Sanmina Corporation during the 1st quarter valued at $219,000. Institutional investors and hedge funds own 92.75% of the company’s stock.

Shares of Sanmina Corporation (NASDAQ SANM) opened at 38.40 on Thursday. The company has a 50-day moving average of $37.25 and a 200-day moving average of $37.80. The company has a market capitalization of $2.89 billion, a PE ratio of 14.02 and a beta of 0.79. Sanmina Corporation has a one year low of $26.75 and a one year high of $42.95.

Sanmina Corporation (NASDAQ:SANM) last released its earnings results on Monday, July 24th. The electronics maker reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.63 EPS. On average, analysts anticipate that Sanmina Corporation will post $3.01 earnings per share for the current year.

Sanmina Corporation declared that its Board of Directors has approved a share repurchase plan on Monday, September 18th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the electronics maker to buy up to 77% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Several equities analysts have recently commented on the stock. Bank of America Corporation restated a “buy” rating and set a $48.00 price target on shares of Sanmina Corporation in a report on Thursday, June 15th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Sanmina Corporation in a report on Tuesday, July 25th. ValuEngine upgraded shares of Sanmina Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Sanmina Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 8th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $40.00 price objective on shares of Sanmina Corporation in a report on Friday, September 1st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $43.25.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another publication, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/12/sanmina-corporation-sanm-shares-sold-by-vanguard-group-inc.html.

In related news, VP Robert K. Eulau sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $37.21, for a total value of $372,100.00. Following the completion of the transaction, the vice president now owns 180,000 shares of the company’s stock, valued at $6,697,800. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC websi

Several other institutional investors also recently bought and sold shares of SANM. LS Investment Advisors LLC grew its holdings in shares of Sanmina Corporation by 4.1% during the 2nd quarter. LS Investment Advisors LLC now owns 3,498 shares of the electronics maker’s stock valued at $133,000 after acquiring an additional 138 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Sanmina Corporation by 70.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,927 shares of the electronics maker’s stock valued at $150,000 after acquiring an additional 1,627 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Sanmina Corporation during the 2nd quarter valued at $203,000. Nisa Investment Advisors LLC grew its holdings in shares of Sanmina Corporation by 3.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,440 shares of the electronics maker’s stock valued at $207,000 after acquiring an additional 200 shares in the last quarter. Finally, Menta Capital LLC purchased a new position in shares of Sanmina Corporation during the 1st quarter valued at $219,000. Institutional investors and hedge funds own 92.75% of the company’s stock.

Shares of Sanmina Corporation (NASDAQ SANM) opened at 38.40 on Thursday. The company has a 50-day moving average of $37.25 and a 200-day moving average of $37.80. The company has a market capitalization of $2.89 billion, a PE ratio of 14.02 and a beta of 0.79. Sanmina Corporation has a one year low of $26.75 and a one year high of $42.95.

Sanmina Corporation (NASDAQ:SANM) last released its earnings results on Monday, July 24th. The electronics maker reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.63 EPS. On average, analysts anticipate that Sanmina Corporation will post $3.01 earnings per share for the current year.

Sanmina Corporation declared that its Board of Directors has approved a share repurchase plan on Monday, September 18th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the electronics maker to buy up to 77% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Several equities analysts have recently commented on the stock. Bank of America Corporation restated a “buy” rating and set a $48.00 price target on shares of Sanmina Corporation in a report on Thursday, June 15th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Sanmina Corporation in a report on Tuesday, July 25th. ValuEngine upgraded shares of Sanmina Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Sanmina Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 8th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $40.00 price objective on shares of Sanmina Corporation in a report on Friday, September 1st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $43.25.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another publication, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/12/sanmina-corporation-sanm-shares-sold-by-vanguard-group-inc.html.

In related news, VP Robert K. Eulau sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $37.21, for a total value of $372,100.00. Following the completion of the transaction, the vice president now owns 180,000 shares of the company’s stock, valued at $6,697,800. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.96% of the stock is currently owned by company insiders.

About Sanmina Corporation

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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Institutional Ownership by Quarter for Sanmina Corporation (NASDAQ:SANM)

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