Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Acquires 273 Shares of Sanmina Co. (NASDAQ:SANM)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Sanmina Co. (NASDAQ:SANMGet Rating) by 2.3% in the third quarter, HoldingsChannel reports. The fund owned 11,976 shares of the electronics maker’s stock after acquiring an additional 273 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Sanmina were worth $552,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in SANM. Moloney Securities Asset Management LLC purchased a new position in shares of Sanmina in the third quarter worth $726,000. US Bancorp DE boosted its holdings in shares of Sanmina by 44.1% in the 3rd quarter. US Bancorp DE now owns 1,137 shares of the electronics maker’s stock worth $53,000 after purchasing an additional 348 shares during the period. CWM LLC boosted its stake in Sanmina by 76.4% during the third quarter. CWM LLC now owns 545 shares of the electronics maker’s stock worth $25,000 after buying an additional 236 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Sanmina by 967.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 419,494 shares of the electronics maker’s stock valued at $19,329,000 after acquiring an additional 380,194 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Sanmina by 16.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 207,753 shares of the electronics maker’s stock worth $9,573,000 after acquiring an additional 29,965 shares during the last quarter. Hedge funds and other institutional investors own 91.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Sidoti upgraded shares of Sanmina from a “neutral” rating to a “buy” rating and set a $78.00 price objective for the company in a report on Tuesday, November 8th. StockNews.com upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Friday. Citigroup lifted their price target on Sanmina to $65.00 in a report on Tuesday, November 15th. Finally, Craig Hallum upped their price target on Sanmina to $76.00 in a research report on Tuesday, November 15th.

Insiders Place Their Bets

In other news, Director John Goldsberry sold 8,262 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $68.58, for a total value of $566,607.96. Following the completion of the sale, the director now directly owns 14,062 shares in the company, valued at $964,371.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Sanmina news, Director John Goldsberry sold 8,262 shares of the business’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $68.58, for a total value of $566,607.96. Following the transaction, the director now directly owns 14,062 shares in the company, valued at approximately $964,371.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alan Mcwilliams Reid sold 3,270 shares of the stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $65.00, for a total transaction of $212,550.00. Following the completion of the sale, the executive vice president now directly owns 30,730 shares of the company’s stock, valued at approximately $1,997,450. The disclosure for this sale can be found here. Insiders have sold 27,014 shares of company stock valued at $1,728,205 in the last ninety days. 3.38% of the stock is currently owned by corporate insiders.

Sanmina Stock Up 1.6 %

Shares of SANM opened at $60.59 on Friday. The firm has a market cap of $3.48 billion, a P/E ratio of 14.81, a PEG ratio of 1.00 and a beta of 1.08. The stock’s 50 day moving average is $61.60 and its two-hundred day moving average is $53.72. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.18. Sanmina Co. has a 12 month low of $35.36 and a 12 month high of $69.28.

Sanmina (NASDAQ:SANMGet Rating) last issued its quarterly earnings results on Monday, November 7th. The electronics maker reported $1.32 EPS for the quarter, topping the consensus estimate of $1.18 by $0.14. The firm had revenue of $2.20 billion during the quarter. Sanmina had a return on equity of 15.02% and a net margin of 3.25%. Analysts predict that Sanmina Co. will post 5.07 earnings per share for the current fiscal year.

Sanmina Company Profile

(Get Rating)

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.

Read More

Want to see what other hedge funds are holding SANM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sanmina Co. (NASDAQ:SANMGet Rating).

Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

Receive News & Ratings for Sanmina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanmina and related companies with MarketBeat.com's FREE daily email newsletter.