Sanmina Co. (NASDAQ: SANM) shares bought by Mackenzie Financial Corp.

Mackenzie Financial Corp boosted its position in Sanmina Company (NASDAQ: SANM – Get Rating) to 88.3% in the second quarter, HoldingsChannel.com reported. The fund held 12,591 shares of the electronics maker’s stock after acquiring an additional 5,904 shares during the quarter. Mackenzie Financial Corp’s stake in SanMina was worth $513,000 as of its most recent SEC filing.

Other institutional investors also bought and sold shares of the company recently. State of New Jersey Common Pension Fund D acquired new stake in Sunmina valued at approximately $2,583,000 in the first quarter. Meeder Asset Management Inc. raised its stake in Sanmina to 134.9% in the first quarter. Meeder Asset Management Inc. owns 5,233 shares of the electronics maker’s stock valued at $211,000 after acquiring an additional 3,005 shares in the last quarter. Cambria Investment Management LP acquired a new stake in Sunmina in the second quarter valued at approximately $331,000. TD Asset Management Inc. raised its stake in Sunmina by 2.0% in the first quarter. TD Asset Management Inc. Now owns 192,800 shares of the electronics maker’s stock worth $7,793,000 after acquiring an additional 3,800 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in Sanmina to 19.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 36,996 shares of the electronics maker’s stock valued at $1,503,000 after acquiring an additional 5,896 shares in the last quarter. 95.68% of the stock is currently owned by institutional investors and hedge funds.

Indoor Activity in Sanmina

In related news, Director John Goldsberry sold 8,262 shares of the business’s stock in a transaction on Friday, November 11. The shares were sold at an average price of $68.58, for a total transaction of $566,607.96. Following the completion of the transaction, the director now directly owns 14,062 shares in the company valued at $964,371.96. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is available on the SEC website. In related news, EVP Alan McWilliams Reed sold 3,270 shares of the business’s stock in a transaction on Thursday, November 17. Shares were sold at an average price of $65.00, for a total transaction of $212,550.00. Following the completion of the transaction, the executive vice president now directly owns 30,730 shares in the company, valued at $1,997,450. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is available on the SEC website. Moreover, Director John Goldsberry sold 8,262 shares of Sanmina stock in a transaction on Friday, Nov 11. The shares were sold at an average price of $68.58, for a total transaction of $566,607.96. Following the completion of the transaction, the director now directly owns 14,062 shares of the company’s stock, valued at approximately $964,371.96. Disclosure of this sale can be found here. 3.30% of the stock is currently owned by insiders.

Sunmina is trading down 0.3%

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NASDAQ: SANM opened Friday at $66.38. The company has a market capitalization of $3.81 billion, a P/E ratio of 16.23, a PEG ratio of 1.09, and a Beta of 1.01. The firm has a 50-day simple moving average of $55.23 and a 200-day simple moving average of $48.33. Sanmina Co. The 12-month low is $35.36 and the 12-month high is $69.28. The company has a current ratio of 1.60, quick ratio of 0.91 and debt-to-equity ratio of 0.18.

Wall Street analysts weigh in

Many equity research analysts have weighed on this stock. Craig Hallam increased his target price on shares of Sunmina to $76.00 in a research note on Tuesday, November 15. StockNews.com downgraded shares of Sunmina from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Citigroup raised its price target on shares of Sunmina to $65.00 in a research note on Tuesday, November 15. Finally, Sidoti upgraded shares of Sanmina to a “buy” rating from “neutral” rating and set $78.00 price objective for the company in a research note on Tuesday, November 8.

About Sanmeena

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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 testing services; direct order fulfillment and logistics services; Product service and support after market; and is engaged in the manufacture of components, subassemblies and complete systems, along with supply chain management services.

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

Institutional Ownership by Quarter for Sanmina (NASDAQ: SANM)

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