Central Bank Trust Co adds Sanmina Corp (SANM) to its portfolio

Sanmina Corp (SANM) : Central Bank Trust Co added new position in Sanmina Corp during the most recent quarter end. The investment management firm now holds 105,039 shares of Sanmina Corp which is valued at $3,055,585 , the company said in a statement filed on Oct 7, 2016 with the SEC.Sanmina Corp makes up approximately 0.87% of Central Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Sadoff Investment Management boosted its stake in SANM in the latest quarter, The investment management firm added 2,906 additional shares and now holds a total of 892,981 shares of Sanmina Corp which is valued at $25,976,817. Sanmina Corp makes up approx 2.88% of Sadoff Investment Management’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in SANM by selling 13,057 shares or 47.7% in the most recent quarter. The Hedge Fund company now holds 14,316 shares of SANM which is valued at $417,598.Eqis Capital Management boosted its stake in SANM in the latest quarter, The investment management firm added 3,074 additional shares and now holds a total of 10,832 shares of Sanmina Corp which is valued at $315,969. Sanmina Corp makes up approx 0.02% of Eqis Capital Management’s portfolio.

Sanmina Corp closed down -0.32 points or -1.09% at $29.09 with 3,20,941 shares getting traded on Friday. Post opening the session at $29.36, the shares hit an intraday low of $28.705 and an intraday high of $29.42 and the price fluctuated in this range throughout the day.Shares ended Friday 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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