SG Americas Securities LLC Acquires New Shares in Sanmina Corp (NASDAQ:SANM)

SG Americas Securities LLC acquired a new stake in Sanmina Corp (NASDAQ:SANM) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 73,779 shares of the electronics maker’s stock, valued at approximately $2,369,000. SG Americas Securities LLC owned approximately 0.11% of Sanmina at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its position in Sanmina by 4.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 51,982 shares of the electronics maker’s stock worth $1,669,000 after purchasing an additional 2,377 shares during the last quarter. Texas Permanent School Fund lifted its position in Sanmina by 1.2% in the third quarter. Texas Permanent School Fund now owns 47,371 shares of the electronics maker’s stock valued at $1,521,000 after purchasing an additional 539 shares during the period. California Public Employees Retirement System lifted its position in Sanmina by 29.9% in the third quarter. California Public Employees Retirement System now owns 217,851 shares of the electronics maker’s stock valued at $6,995,000 after purchasing an additional 50,126 shares during the period. State of Tennessee Treasury Department boosted its holdings in Sanmina by 27.2% in the 3rd quarter. State of Tennessee Treasury Department now owns 53,913 shares of the electronics maker’s stock valued at $1,731,000 after purchasing an additional 11,524 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Sanmina by 5.2% in the 3rd quarter. Rhumbline Advisers now owns 225,235 shares of the electronics maker’s stock valued at $7,232,000 after purchasing an additional 11,202 shares in the last quarter. 92.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sanmina stock opened at $32.78 on Thursday. The firm has a market cap of $2.27 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 0.97 and a beta of 1.30. Sanmina Corp has a 1 year low of $22.30 and a 1 year high of $34.71. The firm’s 50-day simple moving average is $31.39 and its 200-day simple moving average is $30.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 1.74.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, October 28th. The electronics maker reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.07. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Sanmina had a net margin of 1.72% and a return on equity of 14.09%. The business’s revenue was up .9% on a year-over-year basis. During the same period last year, the firm posted $0.67 earnings per share. On average, equities analysts predict that Sanmina Corp will post 2.79 earnings per share for the current year.

A number of equities research analysts have weighed in on SANM shares. BidaskClub raised Sanmina from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. ValuEngine cut shares of Sanmina from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. TheStreet cut shares of Sanmina from a “b” rating to a “c+” rating in a research note on Monday, October 28th. Citigroup lowered their price objective on shares of Sanmina from $36.00 to $33.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Finally, Zacks Investment Research cut shares of Sanmina from a “hold” rating to a “sell” rating in a research note on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $33.00.

In related news, Director John Goldsberry sold 11,850 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $32.22, for a total transaction of $381,807.00. Following the completion of the sale, the director now directly owns 27,045 shares in the company, valued at $871,389.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Jure Sola sold 53,197 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $32.55, for a total transaction of $1,731,562.35. Following the sale, the chairman now owns 838,916 shares of the company’s stock, valued at $27,306,715.80. The disclosure for this sale can be found here. Company insiders own 5.55% of the company’s stock.

Sanmina Profile

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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Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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