Lingohr & Partner Asset Management GmbH bought a new stake in shares of Sanmina Corporation (NASDAQ:SANM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,900 shares of the electronics maker’s stock, valued at approximately $808,000.

Several other large investors have also made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Sanmina Corporation by 20,899.1% during the first quarter. BlackRock Inc. now owns 11,067,786 shares of the electronics maker’s stock valued at $449,352,000 after buying an additional 11,015,080 shares during the period. Vanguard Group Inc. boosted its position in shares of Sanmina Corporation by 8.2% during the first quarter. Vanguard Group Inc. now owns 7,218,202 shares of the electronics maker’s stock valued at $293,059,000 after buying an additional 548,729 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Sanmina Corporation by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 6,281,827 shares of the electronics maker’s stock valued at $255,042,000 after buying an additional 35,365 shares during the period. LSV Asset Management boosted its position in shares of Sanmina Corporation by 2.5% during the second quarter. LSV Asset Management now owns 3,731,489 shares of the electronics maker’s stock valued at $142,169,000 after buying an additional 91,300 shares during the period. Finally, State Street Corp boosted its position in shares of Sanmina Corporation by 1.9% during the first quarter. State Street Corp now owns 1,873,742 shares of the electronics maker’s stock valued at $76,073,000 after buying an additional 35,137 shares during the period. Institutional investors and hedge funds own 92.78% of the company’s stock.

Sanmina Corporation (SANM) traded up 0.95% during mid-day trading on Friday, hitting $37.15. 660,188 shares of the stock traded hands. Sanmina Corporation has a 12 month low of $26.70 and a 12 month high of $42.95. The stock has a market cap of $2.80 billion, a P/E ratio of 13.57 and a beta of 0.78. The stock has a 50-day moving average price of $36.27 and a 200-day moving average price of $38.04.

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 consensus estimate of $0.75 by ($0.01). Sanmina Corporation had a net margin of 3.15% and a return on equity of 12.35%. The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the company earned $0.63 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts forecast that Sanmina Corporation will post $3.01 earnings per share for the current year.

SANM has been the subject of several recent analyst reports. Zacks Investment Research upgraded Sanmina Corporation from a “sell” rating to a “hold” rating in a research report on Thursday. Royal Bank Of Canada dropped their target price on Sanmina Corporation from $42.00 to $40.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 25th. ValuEngine upgraded Sanmina Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. Needham & Company LLC restated a “buy” rating and set a $45.00 target price on shares of Sanmina Corporation in a research report on Tuesday, July 25th. Finally, Bank of America Corporation restated a “buy” rating and set a $48.00 target price on shares of Sanmina Corporation in a research report on Thursday, June 15th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $42.80.

In other news, VP Robert K. Eulau sold 10,000 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $36.95, for a total value of $369,500.00. Following the completion of the sale, the vice president now owns 190,000 shares of the company’s stock, valued at approximately $7,020,500. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders sold 30,000 shares of company stock valued at $1,125,600. Corporate insiders own 4.96% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Lingohr & Partner Asset Management GmbH Buys New Stake in Sanmina Corporation (SANM)” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.watchlistnews.com/lingohr-partner-asset-management-gmbh-buys-new-stake-in-sanmina-corporation-sanm/1569055.html.

About Sanmina Corporation

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)

Receive News & Ratings for Sanmina Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanmina Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.