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Los Angeles Capital Direction LLC Has $1.16 Million Holdings in Sanmina Co. (NASDAQ:SANM)

Posted by on Aug 12th, 2022

Los Angeles Capital letter Management LLC grew its holdings in Sanmina Co. (NASDAQ:SANM – Get Rating) by two.5% during the starting time quarter, according to its almost recent filing with the Securities and Exchange Commission (SEC). The firm endemic 28,592 shares of the electronics maker'southward stock afterwards purchasing an additional 705 shares during the catamenia. Los Angeles Majuscule Direction LLC'due south holdings in Sanmina were worth $1,156,000 as of its most recent SEC filing.

A number of other large investors likewise recently made changes to their positions in the business organisation. Quadrant Upper-case letter Group LLC increased its stake in shares of Sanmina by 37.9% in the starting time quarter. Quadrant Capital Group LLC at present owns 927 shares of the electronics maker's stock worth $38,000 afterwards acquiring an additional 255 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Sanmina by ii.iii% during the 1st quarter. New York State Common Retirement Fund now owns 653,094 shares of the electronics maker's stock worth $26,398,000 after purchasing an additional xiv,706 shares in the last quarter. SummerHaven Investment Direction LLC lifted its holdings in shares of Sanmina by 4.6% during the 1st quarter. SummerHaven Investment Management LLC now owns 22,966 shares of the electronics maker'southward stock valued at $928,000 subsequently ownership an additional i,009 shares during the last quarter. Advisor Group Holdings Inc. grew its pale in shares of Sanmina by half dozen.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 17,017 shares of the electronics maker's stock valued at $688,000 afterward ownership an additional 1,014 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Sanmina by 7.5% in the offset quarter. Victory Capital Management Inc. now owns 82,725 shares of the electronics maker'due south stock worth $3,383,000 subsequently ownership an additional five,803 shares during the concluding quarter. Institutional investors and hedge funds own 92.28% of the company'south stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research written report on Wed, August tertiary. Craig Hallum increased their target price on shares of Sanmina from $65.00 to $seventy.00 and gave the stock a "purchase" rating in a research report on Tuesday, August 2nd.

Sanmina Price Performance

Shares of Sanmina stock opened at $49.34 on Fri. The stock has a market capitalization of $two.85 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 0.92 and a beta of 0.99. The company has a current ratio of i.58, a quick ratio of 0.92 and a debt-to-equity ratio of 0.17. Sanmina Co. has a 1-year low of $35.06 and a 1-yr high of $50.36. The firm has a l twenty-four hours elementary moving average of $43.45 and a 200-twenty-four hours simple moving boilerplate of $41.41.

Sanmina (NASDAQ:SANM – Get Rating) last posted its quarterly earnings data on Monday, August 1st. The electronics maker reported $1.xxx earnings per share for the quarter, topping the consensus estimate of $1.11 past $0.nineteen. The business had revenue of $2.02 billion during the quarter, compared to analysts' expectations of $1.88 billion. Sanmina had a render on equity of 13.67% and a internet margin of three.38%. The firm's revenue was up 21.8% compared to the same quarter concluding yr. During the same quarter in the previous year, the firm earned $0.88 EPS. On average, sell-side analysts expect that Sanmina Co. will post iv.31 earnings per share for the current year.

Sanmina Company Profile

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