Pacer Advisors Inc. Takes Position in Sanmina Corp (NASDAQ:SANM)

Pacer Advisors Inc. bought a new stake in shares of Sanmina Corp (NASDAQ:SANM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,389 shares of the electronics maker’s stock, valued at approximately $526,000.

Several other institutional investors also recently added to or reduced their stakes in SANM. Ibex Investors LLC bought a new position in shares of Sanmina during the 2nd quarter valued at approximately $229,000. LPL Financial LLC bought a new position in shares of Sanmina during the 2nd quarter valued at approximately $231,000. Meeder Asset Management Inc. grew its position in shares of Sanmina by 41.1% during the 2nd quarter. Meeder Asset Management Inc. now owns 8,861 shares of the electronics maker’s stock valued at $268,000 after acquiring an additional 2,580 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of Sanmina during the 2nd quarter valued at approximately $279,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Sanmina during the 2nd quarter valued at approximately $285,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

NASDAQ SANM opened at $32.15 on Tuesday. Sanmina Corp has a 1 year low of $22.30 and a 1 year high of $34.71. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.64 and a quick ratio of 1.14. The stock has a market capitalization of $2.19 billion, a PE ratio of 17.47, a P/E/G ratio of 0.71 and a beta of 1.35. The company’s 50 day simple moving average is $31.16 and its two-hundred day simple moving average is $30.48.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, July 29th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.05. Sanmina had a net margin of 1.55% and a return on equity of 13.98%. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the company posted $0.55 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, research analysts anticipate that Sanmina Corp will post 2.98 EPS for the current year.

SANM has been the topic of several recent analyst reports. BidaskClub upgraded shares of Sanmina from a “sell” rating to a “hold” rating in a research note 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. 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 analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Sanmina has an average rating of “Hold” and an average price target of $33.00.

In other news, SVP Brent Billinger sold 931 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $30.12, for a total transaction of $28,041.72. Following the sale, the senior vice president now owns 20,877 shares in the company, valued at approximately $628,815.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 5.55% of the company’s stock.

About Sanmina

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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