Sanmina Corporation $SANM Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. reduced its holdings in shares of Sanmina Corporation (NASDAQ:SANM) by 17.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,294 shares of the electronics maker’s stock after selling 7,438 shares during the quarter. Hantz Financial Services Inc. owned approximately 0.06% of Sanmina worth $3,355,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Sanmina by 34.1% during the first quarter. GAMMA Investing LLC now owns 1,720 shares of the electronics maker’s stock worth $131,000 after buying an additional 437 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Sanmina by 10.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,210 shares of the electronics maker’s stock worth $397,000 after buying an additional 476 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Sanmina during the second quarter worth about $234,000. Redhawk Wealth Advisors Inc. purchased a new stake in shares of Sanmina during the second quarter worth about $1,693,000. Finally, First Citizens Bank & Trust Co. grew its holdings in shares of Sanmina by 198.1% during the second quarter. First Citizens Bank & Trust Co. now owns 8,430 shares of the electronics maker’s stock worth $825,000 after buying an additional 5,602 shares in the last quarter. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Sanmina Trading Up 1.2%

Shares of SANM stock opened at $137.05 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.91 and a debt-to-equity ratio of 0.12. Sanmina Corporation has a fifty-two week low of $63.67 and a fifty-two week high of $160.25. The firm’s 50 day moving average price is $122.96 and its two-hundred day moving average price is $104.41. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 1.43 and a beta of 1.19.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Bank of America lifted their price target on shares of Sanmina from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. Wall Street Zen downgraded shares of Sanmina from a “strong-buy” rating to a “buy” rating in a report on Monday, October 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Sanmina in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $94.50.

Sanmina Company 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.