LS Investment Advisors LLC raised its position in Sanmina Corporation (NASDAQ:SANM) by 4.1% during the second quarter, Holdings Channel reports. The fund owned 3,498 shares of the electronics maker’s stock after buying an additional 138 shares during the period. LS Investment Advisors LLC’s holdings in Sanmina Corporation were worth $133,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Regentatlantic Capital LLC acquired a new stake in shares of Sanmina Corporation during the first quarter worth $322,000. Louisiana State Employees Retirement System increased its stake in shares of Sanmina Corporation by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 30,300 shares of the electronics maker’s stock worth $1,230,000 after buying an additional 800 shares during the last quarter. Capital Impact Advisors LLC increased its stake in shares of Sanmina Corporation by 3.7% in the first quarter. Capital Impact Advisors LLC now owns 38,057 shares of the electronics maker’s stock worth $1,545,000 after buying an additional 1,357 shares during the last quarter. Boston Advisors LLC increased its stake in shares of Sanmina Corporation by 203.8% in the first quarter. Boston Advisors LLC now owns 409,315 shares of the electronics maker’s stock worth $16,618,000 after buying an additional 274,565 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in shares of Sanmina Corporation during the first quarter worth $209,000. Institutional investors and hedge funds own 94.35% of the company’s stock.

Shares of Sanmina Corporation (NASDAQ:SANM) traded up 0.14% during midday trading on Friday, reaching $35.55. The company’s stock had a trading volume of 204,178 shares. The stock has a 50-day moving average price of $38.28 and a 200-day moving average price of $38.54. Sanmina Corporation has a 52-week low of $26.00 and a 52-week high of $42.95. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 12.98 and a beta of 0.78.

Sanmina Corporation (NASDAQ:SANM) last announced its earnings results on Monday, July 24th. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by $0.01. Sanmina Corporation had a return on equity of 12.35% and a net margin of 3.15%. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the company posted $0.63 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. Equities research analysts anticipate that Sanmina Corporation will post $3.01 earnings per share for the current fiscal year.

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A number of brokerages have commented on SANM. Royal Bank Of Canada reissued a “sector perform” rating and issued a $42.00 price objective (up previously from $39.00) on shares of Sanmina Corporation in a research note on Tuesday, April 25th. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective on shares of Sanmina Corporation in a research note on Tuesday, April 25th. Bank of America Corporation reissued a “buy” rating and issued a $48.00 price objective on shares of Sanmina Corporation in a research note on Thursday, June 15th. ValuEngine raised 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” 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 Friday, June 2nd. The stock was sold at an average price of $37.97, for a total value of $379,700.00. Following the completion of the transaction, the vice president now owns 210,000 shares of the company’s stock, valued at approximately $7,973,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.96% of the stock is currently owned by corporate insiders.

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.

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

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