Earnest Partners LLC lifted its holdings in Sanmina Corp (NASDAQ:SANM) by 65.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,877,629 shares of the electronics maker’s stock after buying an additional 1,138,334 shares during the quarter. Earnest Partners LLC owned approximately 4.04% of Sanmina worth $94,962,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. US Bancorp DE grew its position in shares of Sanmina by 67.8% in the 4th quarter. US Bancorp DE now owns 5,747 shares of the electronics maker’s stock worth $190,000 after buying an additional 2,322 shares during the period. ETRADE Capital Management LLC purchased a new stake in shares of Sanmina in the 3rd quarter worth about $228,000. JOYN Advisors Inc. purchased a new stake in shares of Sanmina in the 4th quarter worth about $215,000. Unison Advisors LLC purchased a new stake in shares of Sanmina in the 4th quarter worth about $216,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Sanmina in the 3rd quarter worth about $267,000. 93.60% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sanmina Corp (NASDAQ SANM) opened at $28.65 on Monday. Sanmina Corp has a 1 year low of $24.60 and a 1 year high of $42.95. The company has a market cap of $2,041.20, a PE ratio of 11.60, a P/E/G ratio of 1.39 and a beta of 0.63. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.95 and a current ratio of 1.60.
SANM has been the topic of a number of recent research reports. ValuEngine raised shares of Sanmina from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. BidaskClub raised shares of Sanmina from a “hold” rating to a “buy” rating in a research report on Tuesday, March 6th. Needham & Company LLC cut their price objective on shares of Sanmina to $33.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Craig Hallum reissued a “buy” rating and set a $37.00 price objective (down from $44.00) on shares of Sanmina in a research report on Tuesday, January 23rd. Finally, TheStreet downgraded shares of Sanmina from a “b” rating to a “c+” rating in a research report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $37.25.
In related news, SVP Brent Billinger purchased 1,500 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were purchased at an average price of $26.33 per share, with a total value of $39,495.00. Following the acquisition, the senior vice president now directly owns 18,004 shares in the company, valued at approximately $474,045.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Wayne Shortridge sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $27.01, for a total transaction of $135,050.00. The disclosure for this sale can be found here. Corporate insiders own 5.12% of the company’s stock.
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Sanmina Company Profile
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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