Sanmina Corp (SANM) Stake Raised by Xact Kapitalforvaltning AB

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Xact Kapitalforvaltning AB lifted its holdings in Sanmina Corp (NASDAQ:SANM) by 46.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,481 shares of the electronics maker’s stock after buying an additional 3,000 shares during the period. Xact Kapitalforvaltning AB’s holdings in Sanmina were worth $248,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Mercantile Trust Co. bought a new stake in Sanmina during the 1st quarter valued at $110,000. Adviser Investments LLC purchased a new position in shares of Sanmina during the 1st quarter valued at $110,000. Meadow Creek Investment Management LLC grew its position in shares of Sanmina by 30.4% during the 4th quarter. Meadow Creek Investment Management LLC now owns 9,604 shares of the electronics maker’s stock valued at $317,000 after purchasing an additional 2,240 shares in the last quarter. Connable Office Inc. grew its position in shares of Sanmina by 19.2% during the 1st quarter. Connable Office Inc. now owns 11,106 shares of the electronics maker’s stock valued at $290,000 after purchasing an additional 1,788 shares in the last quarter. Finally, Stifel Financial Corp grew its position in shares of Sanmina by 21.1% during the 1st quarter. Stifel Financial Corp now owns 11,382 shares of the electronics maker’s stock valued at $298,000 after purchasing an additional 1,986 shares in the last quarter. Hedge funds and other institutional investors own 94.19% of the company’s stock.

In related news, Director Wayne Shortridge sold 10,650 shares of the stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $29.38, for a total value of $312,897.00. Following the completion of the transaction, the director now directly owns 68,685 shares of the company’s stock, valued at $2,017,965.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.12% of the stock is owned by corporate insiders.

Several research analysts recently issued reports on SANM shares. Citigroup upgraded shares of Sanmina from a “neutral” rating to a “buy” rating in a research report on Friday, April 13th. BidaskClub upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research report on Friday, April 13th. Zacks Investment Research lowered shares of Sanmina from a “hold” rating to a “sell” rating in a research report on Thursday, May 3rd. Needham & Company LLC upped their price target on shares of Sanmina from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, April 24th. Finally, ValuEngine lowered shares of Sanmina from a “hold” rating to a “sell” rating in a research report on Friday, May 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Sanmina currently has a consensus rating of “Hold” and a consensus target price of $35.75.

Shares of Sanmina traded down $0.15, hitting $30.40, during midday trading on Thursday, MarketBeat.com reports. 262,400 shares of the stock traded hands, compared to its average volume of 669,510. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 1.48 and a beta of 0.47. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.01. Sanmina Corp has a one year low of $24.60 and a one year high of $39.40.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, July 30th. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). Sanmina had a positive return on equity of 10.28% and a negative net margin of 1.01%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the company earned $0.74 earnings per share. Sanmina’s quarterly revenue was up 6.0% on a year-over-year basis. research analysts forecast that Sanmina Corp will post 1.68 EPS for the current fiscal year.

About Sanmina

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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