Institutional Investors Are Buying Sanmina-sci USA Inc (NASDAQ:SANM)

October 2, 2018 - By Richard Conner

Sanmina Corporation (NASDAQ:SANM) Logo

Sentiment for Sanmina-sci USA Inc (NASDAQ:SANM)

Sanmina-sci USA Inc (NASDAQ:SANM) institutional sentiment increased to 1 in 2018 Q2. Its up 0.34, from 0.66 in 2018Q1. The ratio has improved, as 92 hedge funds increased and opened new stock positions, while 92 sold and reduced equity positions in Sanmina-sci USA Inc. The hedge funds in our partner’s database now possess: 62.39 million shares, down from 63.58 million shares in 2018Q1. Also, the number of hedge funds holding Sanmina-sci USA Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 20 Reduced: 72 Increased: 61 New Position: 31.

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. The company has market cap of $1.87 billion. The firm offers product design and engineering solutions comprising 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. It currently has negative earnings. It also provides interconnect systems, such as printed circuit board fabrication, backplane, and cable assemblies; and mechanical systems, including enclosures, precision machining, and plastic injection molding; non-volatile DIMMs, solid state drives, and DRAM solutions; defense and aerospace products; storage products; and optical and radio frequency modules.

The stock increased 1.59% or $0.43 during the last trading session, reaching $27.52. About 67,489 shares traded. Sanmina Corporation (NASDAQ:SANM) has declined 19.51% since October 2, 2017 and is downtrending. It has underperformed by 35.13% the S&P500.

Analysts await Sanmina Corporation (NASDAQ:SANM) to report earnings on October, 29. They expect $0.54 EPS, down 15.63 % or $0.10 from last year’s $0.64 per share. SANM’s profit will be $36.69M for 12.74 P/E if the $0.54 EPS becomes a reality. After $0.55 actual EPS reported by Sanmina Corporation for the previous quarter, Wall Street now forecasts -1.82 % negative EPS growth.

Sadoff Investment Management Llc holds 2.29% of its portfolio in Sanmina Corporation for 906,037 shares. Adirondack Research & Management Inc. owns 138,754 shares or 1.59% of their US portfolio. Moreover, Skyline Asset Management Lp has 1.45% invested in the company for 625,210 shares. The New York-based Donald Smith & Co. Inc. has invested 1.24% in the stock. Lingohr & Partner Asset Management Gmbh, a Germany-based fund reported 49,000 shares.

Since January 1, 0001, it had 0 insider purchases, and 1 sale for $312,844 activity.

Sanmina Corporation (NASDAQ:SANM) Ratings Coverage

Ratings analysis reveals 100% of Sanmina’s analysts are positive. Out of 3 Wall Street analysts rating Sanmina, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $33 while the high is $4000. The stock’s average target of $38.33 is 39.28% above today’s ($27.52) share price. SANM was included in 6 notes of analysts from April 13, 2018. The stock of Sanmina Corporation (NASDAQ:SANM) earned “Buy” rating by Craig Hallum on Wednesday, May 23. The stock of Sanmina Corporation (NASDAQ:SANM) earned “Buy” rating by Needham on Tuesday, April 24. The stock has “Buy” rating by Citigroup on Tuesday, April 24. The stock of Sanmina Corporation (NASDAQ:SANM) has “Buy” rating given on Friday, April 13 by Citigroup. The firm has “Buy” rating by Needham given on Wednesday, May 23. Citigroup maintained Sanmina Corporation (NASDAQ:SANM) rating on Tuesday, July 31. Citigroup has “Buy” rating and $35 target.

Sanmina Corporation (NASDAQ:SANM) Institutional Positions Chart

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