Sanmina Co. (NASDAQ:SANM) Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC grew its holdings in Sanmina Co. (NASDAQ:SANM) by 843.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,726 shares of the electronics maker’s stock after buying an additional 1,543 shares during the quarter. Sterling Capital Management LLC’s holdings in Sanmina were worth $131,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SANM. Barclays PLC grew its stake in shares of Sanmina by 296.3% during the 3rd quarter. Barclays PLC now owns 92,863 shares of the electronics maker’s stock worth $6,358,000 after purchasing an additional 69,431 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Sanmina by 255.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 509,906 shares of the electronics maker’s stock valued at $34,903,000 after acquiring an additional 366,653 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Sanmina by 6.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,200 shares of the electronics maker’s stock worth $166,000 after acquiring an additional 125 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Sanmina by 88.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 264,829 shares of the electronics maker’s stock valued at $20,040,000 after purchasing an additional 124,190 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Sanmina by 32.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,724 shares of the electronics maker’s stock worth $357,000 after purchasing an additional 1,168 shares during the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Bank of America raised Sanmina from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $58.00 to $92.00 in a research note on Wednesday, January 29th. StockNews.com cut shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th.

Insider Buying and Selling at Sanmina

In other Sanmina news, Director Eugene A. Delaney sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $83.50, for a total value of $835,000.00. Following the sale, the director now directly owns 77,120 shares of the company’s stock, valued at approximately $6,439,520. This trade represents a 11.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mario M. Rosati sold 11,391 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $86.02, for a total transaction of $979,853.82. Following the transaction, the director now owns 80,295 shares in the company, valued at approximately $6,906,975.90. The trade was a 12.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,405 shares of company stock worth $2,821,682. Insiders own 3.22% of the company’s stock.

Sanmina Stock Performance

Shares of NASDAQ SANM opened at $73.06 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.06 and a quick ratio of 1.30. The company has a market cap of $3.97 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 1.29 and a beta of 1.00. The company has a 50-day simple moving average of $78.14 and a 200-day simple moving average of $77.76. Sanmina Co. has a 12 month low of $57.52 and a 12 month high of $91.12.

Sanmina declared that its board has approved a share repurchase program on Monday, January 27th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the electronics maker to repurchase up to 7.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Sanmina Profile

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.