Sanmina Corporation (SANM) Position Boosted by TIAA CREF Investment Management LLC
TIAA CREF Investment Management LLC boosted its position in shares of Sanmina Corporation (NASDAQ:SANM) by 3.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 603,921 shares of the electronics maker’s stock after buying an additional 18,589 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.81% of Sanmina Corporation worth $24,519,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the stock. LS Investment Advisors LLC raised its position in shares of Sanmina Corporation by 5.5% in the first quarter. LS Investment Advisors LLC now owns 3,360 shares of the electronics maker’s stock valued at $136,000 after buying an additional 176 shares during the period. Texas Permanent School Fund raised its position in shares of Sanmina Corporation by 0.4% in the first quarter. Texas Permanent School Fund now owns 53,789 shares of the electronics maker’s stock valued at $2,184,000 after buying an additional 239 shares during the period. State of Alaska Department of Revenue raised its position in shares of Sanmina Corporation by 3.0% in the first quarter. State of Alaska Department of Revenue now owns 8,240 shares of the electronics maker’s stock valued at $334,000 after buying an additional 240 shares during the period. Capital One National Association raised its position in shares of Sanmina Corporation by 1.0% in the first quarter. Capital One National Association now owns 33,253 shares of the electronics maker’s stock valued at $1,350,000 after buying an additional 339 shares during the period. Finally, Tocqueville Asset Management L.P. raised its position in shares of Sanmina Corporation by 11.8% in the first quarter. Tocqueville Asset Management L.P. now owns 7,057 shares of the electronics maker’s stock valued at $287,000 after buying an additional 746 shares during the period. Institutional investors own 94.15% of the company’s stock.
Sanmina Corporation (NASDAQ:SANM) traded down 2.09% during mid-day trading on Friday, hitting $37.50. 815,157 shares of the stock were exchanged. Sanmina Corporation has a 52-week low of $23.50 and a 52-week high of $41.25. The stock has a 50 day moving average of $37.19 and a 200-day moving average of $37.86. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 14.08 and a beta of 0.86.
Sanmina Corporation (NASDAQ:SANM) last released its quarterly earnings data on Monday, April 24th. The electronics maker reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.06. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. Sanmina Corporation had a return on equity of 11.81% and a net margin of 3.07%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. Equities analysts predict that Sanmina Corporation will post $3.05 EPS for the current fiscal year.
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Several brokerages have commented on SANM. Bank of America Corporation restated a “buy” rating and issued a $48.00 price objective on shares of Sanmina Corporation in a report on Thursday. Royal Bank Of Canada restated a “sector perform” rating and issued a $42.00 price objective (up from $39.00) on shares of Sanmina Corporation in a report on Tuesday, April 25th. Finally, Needham & Company LLC restated a “buy” rating and issued a $45.00 price objective on shares of Sanmina Corporation in a report on Tuesday, April 25th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Sanmina Corporation presently has a consensus rating of “Buy” and an average price target of $39.71.
In related news, VP Robert K. Eulau sold 10,000 shares of Sanmina Corporation stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $37.10, for a total value of $371,000.00. Following the completion of the sale, the vice president now directly owns 220,000 shares in the company, valued at $8,162,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 30,000 shares of company stock valued at $1,150,500 over the last 90 days. 4.96% of the stock is currently owned by corporate insiders.
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.
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