Hussman Strategic Advisors adds Sanmina Corp (SANM) to its portfolio

Sanmina Corp (SANM) : Hussman Strategic Advisors added new position in Sanmina Corp during the most recent quarter end. The investment management firm now holds 150,000 shares of Sanmina Corp which is valued at $3,828,000 , the company said in a statement filed on Aug 1, 2016 with the SEC.Sanmina Corp makes up approximately 0.57% of Hussman Strategic Advisors’s portfolio.

Other Hedge Funds, Including , Clarivest Asset Management reduced its stake in SANM by selling 1,500 shares or 1.35% in the most recent quarter. The Hedge Fund company now holds 110,010 shares of SANM which is valued at $2,787,653. Sanmina Corp makes up approx 0.08% of Clarivest Asset Management’s portfolio.New York State Teachers Retirement System boosted its stake in SANM in the latest quarter, The investment management firm added 4,900 additional shares and now holds a total of 75,023 shares of Sanmina Corp which is valued at $2,153,910. Sanmina Corp makes up approx 0.01% of New York State Teachers Retirement System’s portfolio.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.

Sanmina Corp closed down -0.03 points or -0.12% at $25.49 with 3,73,896 shares getting traded on Thursday. Post opening the session at $25.67, the shares hit an intraday low of $25.47 and an intraday high of $25.94 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

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 Company’s 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.

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