Tidal Investments LLC lowered its position in Sanmina Corporation (NASDAQ:SANM – Free Report) by 23.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,695 shares of the electronics maker’s stock after selling 13,395 shares during the period. Tidal Investments LLC owned about 0.08% of Sanmina worth $11,058,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Danske Bank A S bought a new position in Sanmina in the second quarter valued at about $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Sanmina during the 3rd quarter valued at about $26,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Sanmina during the 2nd quarter valued at about $31,000. NewEdge Advisors LLC purchased a new position in shares of Sanmina in the second quarter worth approximately $32,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Sanmina in the second quarter worth approximately $36,000. Hedge funds and other institutional investors own 92.71% of the company’s stock.
Sanmina Stock Up 6.2%
NASDAQ SANM opened at $216.00 on Friday. The stock’s 50 day moving average is $200.80 and its 200 day moving average is $196.66. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.71. Sanmina Corporation has a 12 month low of $110.44 and a 12 month high of $288.68. The stock has a market cap of $11.58 billion, a PE ratio of 38.64, a P/E/G ratio of 0.71 and a beta of 1.60.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 3rd. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Finally, Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $198.33.
Get Our Latest Analysis on Sanmina
Sanmina Company Profile
Sanmina Corporation (NASDAQ: SANM) is a global provider of integrated manufacturing, engineering and supply chain services for original equipment manufacturers. The company designs, builds and supports complex electronic and mechanical products, helping customers manage product development, production, logistics and aftermarket services.
Its capabilities include printed circuit board assembly, systems integration, electromechanical manufacturing, precision machining, enclosures, optical and radio-frequency components, testing, repair and product fulfillment.
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