Sanmina Corp (SANM) Position Reduced by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt cut its stake in Sanmina Corp (NASDAQ:SANM) by 8.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,800 shares of the electronics maker’s stock after selling 8,500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Sanmina were worth $2,672,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in SANM. Vigilant Capital Management LLC acquired a new stake in Sanmina during the 2nd quarter valued at approximately $147,000. Sun Life Financial INC acquired a new stake in Sanmina during the 2nd quarter valued at approximately $170,000. First Mercantile Trust Co. lifted its stake in Sanmina by 45.1% during the 2nd quarter. First Mercantile Trust Co. now owns 6,080 shares of the electronics maker’s stock valued at $178,000 after acquiring an additional 1,890 shares during the period. Trexquant Investment LP acquired a new stake in Sanmina during the 2nd quarter valued at approximately $204,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Sanmina during the 2nd quarter valued at approximately $220,000. Institutional investors own 92.82% of the company’s stock.

NASDAQ:SANM opened at $23.00 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.64 billion, a PE ratio of 11.58, a PEG ratio of 0.73 and a beta of 0.48. Sanmina Corp has a 1-year low of $22.67 and a 1-year high of $39.20.



Several analysts have commented on SANM shares. BidaskClub cut shares of Sanmina from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 4th. ValuEngine cut shares of Sanmina from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. Zacks Investment Research cut shares of Sanmina from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Finally, Citigroup lifted their price objective on shares of Sanmina from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $35.75.

Sanmina Company Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. The company offers product design and engineering solutions, including 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.

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Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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