Sanmina Corp (SANM) : Sadoff Investment Management scooped up 190,075 additional shares in Sanmina Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 890,075 shares of Sanmina Corp which is valued at $25,554,053.Sanmina Corp makes up approximately 2.89% of Sadoff Investment Management’s portfolio.
Other Hedge Funds, Including , Palo Capital sold out all of its stake in SANM during the most recent quarter. The investment firm sold 10,827 shares of SANM which is valued $310,843.Capital One National Association reduced its stake in SANM by selling 11,161 shares or 25.56% in the most recent quarter. The Hedge Fund company now holds 32,513 shares of SANM which is valued at $942,227. Sanmina Corp makes up approx 0.08% of Capital One National Association’s portfolio.First Quadrant L Pca boosted its stake in SANM in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 13,500 shares of Sanmina Corp which is valued at $391,230. Sanmina Corp makes up approx 0.01% of First Quadrant L Pca’s portfolio.
Sanmina Corp opened for trading at $28.81 and hit $29.165 on the upside on Wednesday, eventually ending the session at $28.98, with a gain of 0.45% or 0.13 points. The heightened volatility saw the trading volume jump to 3,14,541 shares. Company has a market cap of $2,134 M.
On the company’s financial health, Sanmina Corp reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $0.62. The company had revenue of $1669.47 million for the quarter, compared to analysts expectations of $1653.35 million. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.
Many Wall Street Analysts have commented on Sanmina Corp. Company shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 25 from a previous price target of $22 .
Sanmina Corporation is a provider of integrated manufacturing solutions components products and repair logistics and after-market services. The Company provides these offerings primarily to original equipment manufacturers (OEMs) in the communications networks computing and storage multimedia industrial and semiconductor capital equipment defense and aerospace medical clean technology (CleanTech) and automotive industries. Its operations are managed as two businesses such as Integrated Manufacturing Solutions (IMS) and Components Products and Services (CPS). The Companys services include product design and engineering including initial development detailed design prototyping validation preproduction services and manufacturing design release; manufacturing of components subassemblies and complete systems; final system assembly and test direct order fulfillment and logistics services and after-market product service and support and global supply chain management.