Sanmina Corporation (NASDAQ:SANM) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its holdings in shares of Sanmina Corporation (NASDAQ:SANM) by 4.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,081 shares of the electronics maker’s stock after buying an additional 1,508 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.07% of Sanmina worth $2,825,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SANM. Janney Montgomery Scott LLC increased its position in shares of Sanmina by 87.4% during the first quarter. Janney Montgomery Scott LLC now owns 10,311 shares of the electronics maker’s stock worth $785,000 after acquiring an additional 4,810 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Sanmina by 10.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,210 shares of the electronics maker’s stock worth $397,000 after purchasing an additional 476 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Sanmina by 1.5% during the 1st quarter. SummerHaven Investment Management LLC now owns 11,709 shares of the electronics maker’s stock worth $892,000 after purchasing an additional 172 shares in the last quarter. GAMMA Investing LLC increased its holdings in Sanmina by 34.1% during the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the electronics maker’s stock worth $131,000 after purchasing an additional 437 shares during the period. Finally, First Citizens Bank & Trust Co. acquired a new stake in Sanmina in the 1st quarter valued at about $215,000. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SANM. Bank of America boosted their price objective on Sanmina from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Monday, June 9th. Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 24th.

Sanmina Stock Performance

NASDAQ:SANM opened at $95.25 on Thursday. Sanmina Corporation has a 12 month low of $61.52 and a 12 month high of $95.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.96 and a quick ratio of 1.22. The firm has a market capitalization of $5.09 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 1.44 and a beta of 1.14. The business’s fifty day moving average price is $83.83 and its 200 day moving average price is $81.08.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, April 28th. The electronics maker reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.03. Sanmina had a return on equity of 10.84% and a net margin of 3.09%. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the prior year, the firm posted $1.30 EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

Sanmina Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.