Campbell & CO Investment Adviser LLC bought a new position in shares of Sanmina Corp (NASDAQ:SANM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,511 shares of the electronics maker’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also made changes to their positions in SANM. Diamond Hill Capital Management Inc. grew its position in shares of Sanmina by 113.9% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,240,210 shares of the electronics maker’s stock worth $58,581,000 after acquiring an additional 1,193,064 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Sanmina by 21,142.8% during the first quarter. Victory Capital Management Inc. now owns 1,045,356 shares of the electronics maker’s stock worth $27,336,000 after acquiring an additional 1,040,435 shares during the last quarter. Millennium Management LLC grew its position in shares of Sanmina by 9,868.2% during the fourth quarter. Millennium Management LLC now owns 543,568 shares of the electronics maker’s stock worth $17,938,000 after acquiring an additional 538,115 shares during the last quarter. Matarin Capital Management LLC purchased a new position in shares of Sanmina during the first quarter worth approximately $10,729,000. Finally, Renaissance Technologies LLC grew its position in shares of Sanmina by 743.1% during the fourth quarter. Renaissance Technologies LLC now owns 412,533 shares of the electronics maker’s stock worth $13,614,000 after acquiring an additional 363,600 shares during the last quarter. Institutional investors and hedge funds own 93.85% of the company’s stock.

Shares of Sanmina opened at $31.35 on Friday, according to MarketBeat.com. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.55 and a quick ratio of 0.90. Sanmina Corp has a 1-year low of $24.60 and a 1-year high of $42.95. The firm has a market cap of $2.11 billion, a P/E ratio of 10.92, a P/E/G ratio of 1.46 and a beta of 0.59.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, April 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.05. Sanmina had a positive return on equity of 10.99% and a negative net margin of 0.99%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the company earned $0.76 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis. sell-side analysts predict that Sanmina Corp will post 1.76 earnings per share for the current fiscal year.

In related news, Director Wayne Shortridge sold 10,650 shares of the stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $29.38, for a total transaction of $312,897.00. Following the completion of the sale, the director now directly owns 68,685 shares of the company’s stock, valued at $2,017,965.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.12% of the stock is owned by company insiders.

A number of equities analysts have recently issued reports on SANM shares. ValuEngine lowered shares of Sanmina from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. BidaskClub lowered shares of Sanmina from a “buy” rating to a “hold” rating in a research report on Thursday, March 29th. Zacks Investment Research upgraded shares of Sanmina from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 4th. Citigroup upgraded shares of Sanmina from a “neutral” rating to a “buy” rating in a research report on Friday, April 13th. Finally, Needham & Company LLC raised their target price on shares of Sanmina from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, April 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $35.25.

About Sanmina

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. The company offers product design and engineering solutions, including concept development, detailed design, prototyping, validation, preproduction, and manufacturing design release; manufacturing solutions of components, subassemblies, and complete systems; final system assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services.

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Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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