Trade Report: Today, Wells Fargo & Company MN Sold shares of Sanmina Corp. (SANM)

Today, Wells Fargo & Company MN Sold shares of Sanmina Corp. (SANM)

Wells Fargo & Company MN cut its position in shares of Sanmina Corp. (NASDAQ:SANM) by 15.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 513,105 shares of the company’s stock after selling 95,470 shares during the period. Wells Fargo & Company MN owned 0.69% of Sanmina Corp. worth $14,609,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its position in shares of Sanmina Corp. by 0.3% in the third quarter. Louisiana State Employees Retirement System now owns 32,700 shares of the company’s stock worth $931,000 after buying an additional 100 shares during the period. First Quadrant L P CA raised its position in Sanmina Corp. by 4.7% in the second quarter. First Quadrant L P CA now owns 13,500 shares of the company’s stock valued at $362,000 after buying an additional 600 shares during the last quarter. Alpha Windward LLC raised its position in Sanmina Corp. by 3.8% in the third quarter. Alpha Windward LLC now owns 16,500 shares of the company’s stock valued at $470,000 after buying an additional 600 shares during the last quarter. Capital One National Association raised its position in Sanmina Corp. by 2.1% in the third quarter. Capital One National Association now owns 33,200 shares of the company’s stock valued at $945,000 after buying an additional 687 shares during the last quarter. Finally, Suntrust Banks Inc. raised its position in Sanmina Corp. by 5.6% in the second quarter. Suntrust Banks Inc. now owns 13,489 shares of the company’s stock valued at $361,000 after buying an additional 715 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Shares of Sanmina Corp. (NASDAQ:SANM) traded up 0.61% during midday trading on Friday, hitting $33.15. 171,955 shares of the company were exchanged. The stock’s 50-day moving average is $29.40 and its 200-day moving average is $27.57. Sanmina Corp. has a one year low of $16.31 and a one year high of $33.65. The stock has a market cap of $2.43 billion, a PE ratio of 13.93 and a beta of 1.18.

Sanmina Corp. (NASDAQ:SANM) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.05. The business earned $1.67 billion during the quarter, compared to the consensus estimate of $1.71 billion. Sanmina Corp. had a net margin of 2.90% and a return on equity of 11.73%. Sanmina Corp.’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 EPS. Equities research analysts anticipate that Sanmina Corp. will post $2.74 EPS for the current year.

SANM has been the topic of several analyst reports. B. Riley reaffirmed a “buy” rating and set a $31.00 price target on shares of Sanmina Corp. in a research note on Sunday, July 31st. Cross Research downgraded shares of Sanmina Corp. from a “buy” rating to a “hold” rating in a research report on Monday, October 31st. Needham & Company LLC boosted their target price on shares of Sanmina Corp. from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, November 2nd. Finally, Zacks Investment Research downgraded shares of Sanmina Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, November 3rd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.38.

In related news, Director Jackie M. Ward sold 19,387 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $31.70, for a total transaction of $614,567.90. Following the completion of the sale, the director now directly owns 173,846 shares of the company’s stock, valued at approximately $5,510,918.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Robert K. Eulau sold 109,754 shares of the company’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $30.28, for a total transaction of $3,323,351.12. Following the sale, the vice president now directly owns 190,000 shares of the company’s stock, valued at $5,753,200. The disclosure for this sale can be found here. Corporate insiders own 4.59% of the company’s stock.

Sanmina Corp. Company Profile

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