O Shaughnessy Asset Management LLC Increases Stake in Sanmina Co. (NASDAQ:SANM)

O Shaughnessy Asset Management LLC grew its position in Sanmina Co. (NASDAQ:SANMGet Rating) by 124.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,025 shares of the electronics maker’s stock after acquiring an additional 12,208 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Sanmina were worth $897,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Martingale Asset Management L P raised its stake in shares of Sanmina by 39.1% in the second quarter. Martingale Asset Management L P now owns 47,360 shares of the electronics maker’s stock valued at $1,929,000 after acquiring an additional 13,306 shares during the period. Bank of Montreal Can raised its stake in shares of Sanmina by 71.8% in the second quarter. Bank of Montreal Can now owns 29,157 shares of the electronics maker’s stock valued at $1,272,000 after acquiring an additional 12,187 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Sanmina by 10.4% in the second quarter. JPMorgan Chase & Co. now owns 745,014 shares of the electronics maker’s stock valued at $30,344,000 after acquiring an additional 69,894 shares during the period. Mutual of America Capital Management LLC raised its stake in shares of Sanmina by 11.6% in the second quarter. Mutual of America Capital Management LLC now owns 10,219 shares of the electronics maker’s stock valued at $416,000 after acquiring an additional 1,061 shares during the period. Finally, Mackenzie Financial Corp raised its stake in shares of Sanmina by 88.3% in the second quarter. Mackenzie Financial Corp now owns 12,591 shares of the electronics maker’s stock valued at $513,000 after acquiring an additional 5,904 shares during the period. Hedge funds and other institutional investors own 95.68% of the company’s stock.

Insiders Place Their Bets

In other Sanmina news, EVP Alan Mcwilliams Reid sold 3,270 shares of the stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $65.00, for a total transaction of $212,550.00. Following the transaction, the executive vice president now directly owns 30,730 shares in the company, valued at approximately $1,997,450. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Sanmina news, Director John Goldsberry sold 8,262 shares of the stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $68.58, for a total transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Alan Mcwilliams Reid sold 3,270 shares of the firm’s stock in a transaction dated 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 owns 30,730 shares in the company, valued at $1,997,450. The disclosure for this sale can be found here. 3.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SANM shares. Sidoti raised shares of Sanmina from a “neutral” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Tuesday, November 8th. Craig Hallum raised their price target on shares of Sanmina to $76.00 in a research note on Tuesday, November 15th. StockNews.com downgraded shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, Citigroup raised their price target on shares of Sanmina to $65.00 in a research note on Tuesday, November 15th.

Sanmina Trading Down 0.3 %

SANM stock opened at $66.38 on Friday. The company has a market capitalization of $3.81 billion, a PE ratio of 16.23, a P/E/G ratio of 1.09 and a beta of 1.01. Sanmina Co. has a 12 month low of $35.36 and a 12 month high of $69.28. The firm’s 50-day moving average is $55.23 and its 200 day moving average is $48.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.60 and a quick ratio of 0.91.

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.

Further Reading

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Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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