QS Investors LLC reduced its stake in shares of Sanmina Corp (NASDAQ:SANM) by 4.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 190,596 shares of the electronics maker’s stock after selling 9,260 shares during the period. QS Investors LLC owned approximately 0.27% of Sanmina worth $6,290,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. US Bancorp DE raised its holdings in Sanmina by 67.8% during 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 acquired a new stake in Sanmina during the 3rd quarter worth approximately $228,000. JOYN Advisors Inc. acquired a new stake in Sanmina during the 4th quarter worth approximately $215,000. Unison Advisors LLC acquired a new stake in Sanmina during the 4th quarter worth approximately $216,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Sanmina during the 3rd quarter worth approximately $267,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.
In related news, Director Wayne Shortridge sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $27.01, for a total value of $135,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Brent Billinger bought 1,500 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average cost of $26.33 per share, with a total value of $39,495.00. Following the completion of the purchase, the senior vice president now directly owns 18,004 shares of the company’s stock, valued at approximately $474,045.32. The disclosure for this purchase can be found here. 5.12% of the stock is owned by company insiders.
Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, January 29th. The electronics maker reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Sanmina had a negative net margin of 0.88% and a positive return on equity of 11.61%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the business earned $0.75 EPS. equities research analysts predict that Sanmina Corp will post 1.72 earnings per share for the current fiscal year.
Several analysts have commented on the stock. ValuEngine upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. BidaskClub upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a report on Tuesday, March 6th. Zacks Investment Research downgraded shares of Sanmina from a “hold” rating to a “strong sell” rating in a report on Friday, February 2nd. TheStreet downgraded shares of Sanmina from a “b” rating to a “c+” rating in a report on Monday, January 22nd. Finally, Needham & Company LLC decreased their price target on shares of Sanmina to $33.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $37.25.
ILLEGAL ACTIVITY WARNING: “Sanmina Corp (SANM) Shares Sold by QS Investors LLC” was first posted by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/03/14/sanmina-corp-sanm-shares-sold-by-qs-investors-llc.html.
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.
Want to see what other hedge funds are holding SANM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sanmina Corp (NASDAQ:SANM).
Receive News & Ratings for Sanmina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanmina and related companies with MarketBeat.com's FREE daily email newsletter.