Swiss National Bank Has $6.10 Million Stake in Sanmina Co. (NASDAQ:SANM)

Swiss National Bank decreased its stake in Sanmina Co. (NASDAQ:SANMGet Rating) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 149,700 shares of the electronics maker’s stock after selling 2,500 shares during the quarter. Swiss National Bank’s holdings in Sanmina were worth $6,097,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC lifted its stake in Sanmina by 37.9% in the first quarter. Quadrant Capital Group LLC now owns 927 shares of the electronics maker’s stock valued at $38,000 after buying an additional 255 shares during the period. Fifth Third Bancorp increased its holdings in shares of Sanmina by 122.4% in the second quarter. Fifth Third Bancorp now owns 636 shares of the electronics maker’s stock worth $26,000 after acquiring an additional 350 shares in the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of Sanmina by 4.1% in the first quarter. Mutual of America Capital Management LLC now owns 9,158 shares of the electronics maker’s stock worth $370,000 after acquiring an additional 362 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Sanmina by 1.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 44,168 shares of the electronics maker’s stock worth $1,785,000 after acquiring an additional 452 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Sanmina by 2.5% in the first quarter. Los Angeles Capital Management LLC now owns 28,592 shares of the electronics maker’s stock worth $1,156,000 after acquiring an additional 705 shares in the last quarter. Institutional investors and hedge funds own 95.68% of the company’s stock.

Sanmina Stock Down 0.3 %

NASDAQ:SANM opened at $66.38 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.91 and a current ratio of 1.60. The company has a market cap of $3.81 billion, a PE ratio of 16.23, a PEG ratio of 1.08 and a beta of 1.01. Sanmina Co. has a 52-week low of $35.36 and a 52-week high of $69.28. The stock has a 50-day simple moving average of $54.84 and a 200 day simple moving average of $48.20.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SANM. StockNews.com downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Craig Hallum increased their price target on Sanmina to $76.00 in a report on Tuesday, November 15th. Sidoti upgraded Sanmina from a “neutral” rating to a “buy” rating and set a $78.00 price target for the company in a report on Tuesday, November 8th. Finally, Citigroup increased their price objective on Sanmina to $65.00 in a report on Tuesday, November 15th.

Insider Buying and Selling

In related news, EVP Alan Mcwilliams Reid sold 3,270 shares of the stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $65.00, for a total transaction of $212,550.00. Following the completion of the transaction, the executive vice president now directly owns 30,730 shares in the company, valued at $1,997,450. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Sanmina news, EVP Alan Mcwilliams Reid sold 3,270 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $65.00, for a total value of $212,550.00. Following the completion of the transaction, the executive vice president now directly owns 30,730 shares in the company, valued at $1,997,450. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Goldsberry sold 8,262 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $68.58, for a total value of $566,607.96. Following the completion of the transaction, the director now owns 14,062 shares of the company’s stock, valued at $964,371.96. The disclosure for this sale can be found here. 3.38% of the stock is owned by corporate insiders.

Sanmina Company Profile

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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.

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Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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