State of New Jersey Common Pension Fund D Trims Position in Sanmina Co. (NASDAQ:SANM)

State of New Jersey Common Pension Fund D decreased its position in shares of Sanmina Co. (NASDAQ:SANMGet Rating) by 13.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 55,165 shares of the electronics maker’s stock after selling 8,734 shares during the period. State of New Jersey Common Pension Fund D owned 0.09% of Sanmina worth $2,247,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. raised its stake in Sanmina by 134.9% during the first quarter. Meeder Asset Management Inc. now owns 5,233 shares of the electronics maker’s stock worth $211,000 after purchasing an additional 3,005 shares during the period. Cambria Investment Management L.P. purchased a new position in Sanmina during the second quarter worth approximately $331,000. TD Asset Management Inc. raised its stake in Sanmina by 2.0% during the first quarter. TD Asset Management Inc. now owns 192,800 shares of the electronics maker’s stock worth $7,793,000 after purchasing an additional 3,800 shares during the period. DekaBank Deutsche Girozentrale raised its stake in Sanmina by 19.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 36,996 shares of the electronics maker’s stock worth $1,503,000 after purchasing an additional 5,896 shares during the period. Finally, Los Angeles Capital Management LLC raised its stake in Sanmina by 2.5% during the first quarter. Los Angeles Capital Management LLC now owns 28,592 shares of the electronics maker’s stock worth $1,156,000 after purchasing an additional 705 shares during the period. Hedge funds and other institutional investors own 95.68% of the company’s stock.

Wall Street Analysts Forecast Growth

SANM has been the topic of a number of recent analyst reports. Sidoti downgraded shares of Sanmina from a “buy” rating to a “neutral” rating in a research note on Monday, October 31st. Craig Hallum increased their price target on shares of Sanmina from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Finally, StockNews.com initiated coverage on shares of Sanmina in a research note on Wednesday, October 12th. They issued a “strong-buy” rating on the stock.

Insider Activity

In other news, CEO Jure Sola sold 119,550 shares of the firm’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $50.33, for a total value of $6,016,951.50. Following the transaction, the chief executive officer now owns 917,906 shares of the company’s stock, valued at approximately $46,198,208.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.38% of the company’s stock.

Sanmina Stock Performance

Shares of SANM stock opened at $57.49 on Monday. The company’s fifty day simple moving average is $50.24 and its 200-day simple moving average is $46.00. Sanmina Co. has a 52 week low of $35.36 and a 52 week high of $58.17. The company has a current ratio of 1.58, a quick ratio of 0.92 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.32 billion, a PE ratio of 14.93, a P/E/G ratio of 1.11 and a beta of 1.01.

Sanmina 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

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.