NumerixS Investment Technologies Inc grew its holdings in shares of Sanmina Corp (NASDAQ:SANM) by 87.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,697 shares of the electronics maker’s stock after buying an additional 2,197 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Sanmina were worth $112,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of SANM. Oregon Public Employees Retirement Fund acquired a new position in shares of Sanmina during the fourth quarter valued at $26,000. Matarin Capital Management LLC acquired a new position in shares of Sanmina during the third quarter valued at $14,771,000. Rothschild & Co. Asset Management US Inc. increased its holdings in shares of Sanmina by 402.2% during the fourth quarter. Rothschild & Co. Asset Management US Inc. now owns 512,575 shares of the electronics maker’s stock valued at $12,333,000 after purchasing an additional 410,505 shares during the period. Diamond Hill Capital Management Inc. increased its holdings in shares of Sanmina by 14.5% during the third quarter. Diamond Hill Capital Management Inc. now owns 2,824,874 shares of the electronics maker’s stock valued at $77,967,000 after purchasing an additional 357,108 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of Sanmina by 3.0% during the fourth quarter. BlackRock Inc. now owns 10,042,631 shares of the electronics maker’s stock valued at $241,626,000 after purchasing an additional 293,968 shares during the period. 91.58% of the stock is currently owned by institutional investors.
Shares of SANM stock opened at $30.53 on Friday. Sanmina Corp has a fifty-two week low of $22.30 and a fifty-two week high of $34.30. The stock has a market cap of $2.09 billion, a P/E ratio of 16.59 and a beta of 1.07. The company has a quick ratio of 0.86, a current ratio of 1.27 and a debt-to-equity ratio of 0.01.
In related news, CFO David Robert Anderson sold 14,167 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $31.89, for a total transaction of $451,785.63. Following the completion of the transaction, the chief financial officer now owns 92,000 shares of the company’s stock, valued at $2,933,880. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Goldsberry sold 16,407 shares of the stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $32.29, for a total value of $529,782.03. The disclosure for this sale can be found here. Insiders have sold 238,126 shares of company stock valued at $7,654,959 in the last ninety days. Company insiders own 5.55% of the company’s stock.
SANM has been the topic of a number of research analyst reports. BidaskClub raised Sanmina from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Citigroup lowered Sanmina from a “buy” rating to a “neutral” rating in a report on Thursday, December 20th. Finally, Royal Bank of Canada raised their target price on Sanmina to $33.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 29th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $36.00.
Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two segments, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, and manufacturing design release; manufacturing solutions of components, subassemblies, and complete systems; final system assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services.
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