Sanmina Corporation $SANM Shares Newly Purchased by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. purchased a new stake in Sanmina Corporation (NASDAQ:SANM) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 18,000 shares of the electronics maker’s stock, valued at approximately $3,868,000.

Other institutional investors have also modified their holdings of the company. Summit Global Investments lifted its stake in Sanmina by 3.1% in the third quarter. Summit Global Investments now owns 4,989 shares of the electronics maker’s stock valued at $1,072,000 after buying an additional 149 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in shares of Sanmina by 12.7% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,350 shares of the electronics maker’s stock worth $2,869,000 after acquiring an additional 1,500 shares during the last quarter. Choreo LLC grew its position in Sanmina by 2.3% in the 3rd quarter. Choreo LLC now owns 4,540 shares of the electronics maker’s stock worth $976,000 after purchasing an additional 104 shares during the last quarter. Interchange Capital Partners LLC grew its position in Sanmina by 7.2% in the 3rd quarter. Interchange Capital Partners LLC now owns 952 shares of the electronics maker’s stock worth $205,000 after purchasing an additional 64 shares during the last quarter. Finally, North Dakota State Investment Board increased its stake in shares of Sanmina by 3.9% in the third quarter. North Dakota State Investment Board now owns 1,554 shares of the electronics maker’s stock valued at $334,000 after purchasing an additional 59 shares during the period. Institutional investors own 92.71% of the company’s stock.

Sanmina Trading Up 3.3%

Shares of SANM stock opened at $164.49 on Wednesday. The stock has a 50-day simple moving average of $196.95 and a 200 day simple moving average of $191.31. The stock has a market capitalization of $8.82 billion, a P/E ratio of 17.43, a P/E/G ratio of 0.44 and a beta of 1.72. Sanmina Corporation has a fifty-two week low of $118.10 and a fifty-two week high of $288.68. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SANM shares. Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 11th. Zacks Research lowered Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Weiss Ratings cut Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 18th. Finally, JPMorgan Chase & Co. cut their target price on Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Sanmina presently has an average rating of “Hold” and an average target price of $198.33.

Sanmina Profile

Sanmina Corporation is an electronics manufacturing services and integrated manufacturing solutions provider headquartered in San Jose, California. The company works with original equipment manufacturers to design, engineer, manufacture, assemble, test, and distribute complex electronic and mechanical products.

Its capabilities include printed circuit board assembly, backplanes, cable and wire harnesses, enclosures, precision machining, optical and radio-frequency components, and complete systems integration.