Public Employees Retirement System of Ohio lifted its position in Sanmina Corp (NASDAQ:SANM) by 35.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,694 shares of the electronics maker’s stock after buying an additional 13,917 shares during the period. Public Employees Retirement System of Ohio’s holdings in Sanmina were worth $1,596,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of SANM. Geode Capital Management LLC lifted its position in shares of Sanmina by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 770,261 shares of the electronics maker’s stock valued at $18,532,000 after buying an additional 41,822 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Sanmina during the first quarter valued at about $169,000. Rhumbline Advisers lifted its position in shares of Sanmina by 1.0% during the first quarter. Rhumbline Advisers now owns 211,038 shares of the electronics maker’s stock valued at $6,088,000 after buying an additional 2,130 shares during the last quarter. Comerica Bank lifted its position in shares of Sanmina by 37.8% during the first quarter. Comerica Bank now owns 93,101 shares of the electronics maker’s stock valued at $2,909,000 after buying an additional 25,553 shares during the last quarter. Finally, Texas Permanent School Fund lifted its position in shares of Sanmina by 4.0% during the first quarter. Texas Permanent School Fund now owns 46,463 shares of the electronics maker’s stock valued at $1,340,000 after buying an additional 1,791 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors.
Several research firms have commented on SANM. BidaskClub raised shares of Sanmina from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Zacks Investment Research lowered shares of Sanmina from a “hold” rating to a “sell” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Sanmina presently has a consensus rating of “Hold” and a consensus target price of $33.00.
Shares of Sanmina stock traded up $0.19 during midday trading on Thursday, hitting $32.64. The company had a trading volume of 3,002 shares, compared to its average volume of 313,801. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 0.91 and a beta of 1.37. The company has a quick ratio of 1.14, a current ratio of 1.64 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $30.23 and a 200 day simple moving average of $30.29. Sanmina Corp has a 12-month low of $22.30 and a 12-month high of $34.71.
Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, July 29th. The electronics maker reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.05. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.98 billion. Sanmina had a net margin of 1.55% and a return on equity of 13.98%. Sanmina’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the firm posted $0.55 EPS. As a group, analysts expect that Sanmina Corp will post 2.98 EPS for the current year.
In related news, SVP Brent Billinger sold 931 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $30.12, for a total value of $28,041.72. Following the completion of the transaction, the senior vice president now directly owns 20,877 shares of the company’s stock, valued at approximately $628,815.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.55% of the company’s stock.
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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