Moisand Fitzgerald Tamayo Exits Position in Sanmina Corp (SANM)

Sanmina Corp (SANM) : Moisand Fitzgerald Tamayo has sold out all of its stake in Sanmina Corp during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 16 shares of Sanmina Corp which is valued at $408.

Other Hedge Funds, Including , Great West Life Assurance Co Can boosted its stake in SANM in the latest quarter, The investment management firm added 88,318 additional shares and now holds a total of 95,243 shares of Sanmina Corp which is valued at $2,430,601. Sanmina Corp makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio.American Century Companies Inc reduced its stake in SANM by selling 5,969 shares or 2.49% in the most recent quarter. The Hedge Fund company now holds 233,782 shares of SANM which is valued at $6,031,576. Sanmina Corp makes up approx 0.01% of American Century Companies Inc’s portfolio.Capstone Asset Management Co reduced its stake in SANM by selling 1,710 shares or 4.97% in the most recent quarter. The Hedge Fund company now holds 32,668 shares of SANM which is valued at $937,898. Sanmina Corp makes up approx 0.03% of Capstone Asset Management Co’s portfolio.

Sanmina Corp opened for trading at $25.69 and hit $26.28 on the upside on Monday, eventually ending the session at $26.08, with a gain of 1.20% or 0.31 points. The heightened volatility saw the trading volume jump to 6,11,023 shares. Company has a market cap of $1,927 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.

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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