Bessemer Group Inc. lowered its position in shares of Sanmina Corp (NASDAQ:SANM) by 8.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 55,600 shares of the electronics maker’s stock after selling 5,200 shares during the period. Bessemer Group Inc.’s holdings in Sanmina were worth $1,835,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in SANM. Advisory Services Network LLC purchased a new position in Sanmina during the 2nd quarter worth $212,000. Unison Advisors LLC purchased a new position in Sanmina during the 4th quarter worth $216,000. ETRADE Capital Management LLC purchased a new position in Sanmina during the 3rd quarter worth $228,000. BlueCrest Capital Management Ltd purchased a new position in Sanmina during the 2nd quarter worth $229,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Sanmina during the 3rd quarter worth $267,000. Institutional investors own 91.21% of the company’s stock.

A number of equities analysts have recently issued reports on SANM shares. Craig Hallum upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a report on Monday, December 18th. BidaskClub downgraded shares of Sanmina from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Needham & Company LLC cut their price target on shares of Sanmina to $33.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. TheStreet downgraded shares of Sanmina from a “b” rating to a “c+” rating in a report on Monday, January 22nd. Finally, ValuEngine downgraded shares of Sanmina from a “buy” rating to a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Sanmina has an average rating of “Hold” and an average price target of $37.25.

Sanmina Corp (NASDAQ:SANM) opened at $25.55 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1,912.96, a PE ratio of -26.89, a PEG ratio of 1.30 and a beta of 0.70. Sanmina Corp has a twelve month low of $25.50 and a twelve month high of $42.95.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, January 29th. The electronics maker reported $0.48 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.48. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.74 billion. Sanmina had a negative net margin of 0.88% and a positive return on equity of 11.61%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 EPS. analysts forecast that Sanmina Corp will post 1.72 earnings per share for the current fiscal year.

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Sanmina Profile

Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides its offerings primarily to original equipment manufacturers (OEMs) in various industries, including communications networks, storage, industrial, defense and aerospace, medical and energy.

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Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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