Evanston Investments Inc. dba Evanston Advisors boosted its position in Sanmina Corporation (NASDAQ:SANM) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,696 shares of the electronics maker’s stock after buying an additional 3,836 shares during the period. Evanston Investments Inc. dba Evanston Advisors owned about 0.11% of Sanmina Corporation worth $3,036,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Sanmina Corporation by 20,899.1% in the first quarter. BlackRock Inc. now owns 11,067,786 shares of the electronics maker’s stock worth $449,352,000 after buying an additional 11,015,080 shares during the last quarter. Vanguard Group Inc. boosted its stake in Sanmina Corporation by 8.2% in the first quarter. Vanguard Group Inc. now owns 7,218,202 shares of the electronics maker’s stock worth $293,059,000 after buying an additional 548,729 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Sanmina Corporation by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 6,281,827 shares of the electronics maker’s stock worth $255,042,000 after buying an additional 35,365 shares during the last quarter. State Street Corp boosted its stake in Sanmina Corporation by 1.9% in the first quarter. State Street Corp now owns 1,873,742 shares of the electronics maker’s stock worth $76,073,000 after buying an additional 35,137 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Sanmina Corporation by 29.4% in the first quarter. Bank of New York Mellon Corp now owns 1,218,908 shares of the electronics maker’s stock worth $49,487,000 after buying an additional 276,942 shares during the last quarter. 92.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Sanmina Corporation (NASDAQ:SANM) traded up 1.014% during midday trading on Thursday, reaching $37.375. The company had a trading volume of 59,632 shares. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 13.650 and a beta of 0.78. The company has a 50 day moving average of $37.50 and a 200 day moving average of $38.40. Sanmina Corporation has a 12-month low of $26.00 and a 12-month high of $42.95.

Sanmina Corporation (NASDAQ:SANM) last posted its quarterly earnings results on Monday, July 24th. The electronics maker reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by $0.01. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 EPS. Analysts anticipate that Sanmina Corporation will post $3.01 EPS for the current year.

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A number of equities research analysts have recently commented on SANM shares. Bank of America Corporation reiterated a “buy” rating and set a $48.00 target price on shares of Sanmina Corporation in a research note on Thursday, June 15th. Royal Bank Of Canada lowered their target price on Sanmina Corporation from $42.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 25th. Needham & Company LLC reiterated a “buy” rating and set a $45.00 target price on shares of Sanmina Corporation in a research note on Tuesday, July 25th. ValuEngine upgraded Sanmina Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research cut Sanmina Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, July 28th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $42.80.

In other Sanmina Corporation news, VP Robert K. Eulau sold 10,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $38.40, for a total transaction of $384,000.00. Following the sale, the vice president now owns 200,000 shares in the company, valued at approximately $7,680,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 30,000 shares of company stock worth $1,133,200. Company insiders own 4.96% of the company’s stock.

Sanmina Corporation 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.

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

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