Sanmina Co. (NASDAQ:SANM) Shares Purchased by Mariner LLC

Mariner LLC raised its stake in Sanmina Co. (NASDAQ:SANM) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,510 shares of the electronics maker’s stock after purchasing an additional 152 shares during the quarter. Mariner LLC’s holdings in Sanmina were worth $341,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its holdings in Sanmina by 296.3% in the third quarter. Barclays PLC now owns 92,863 shares of the electronics maker’s stock valued at $6,358,000 after acquiring an additional 69,431 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Sanmina by 255.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 509,906 shares of the electronics maker’s stock valued at $34,903,000 after purchasing an additional 366,653 shares in the last quarter. Nisa Investment Advisors LLC increased its position in 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 purchasing an additional 125 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Sanmina by 88.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 264,829 shares of the electronics maker’s stock valued at $20,040,000 after buying an additional 124,190 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position 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 valued at $357,000 after buying an additional 1,168 shares in the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on SANM. StockNews.com downgraded shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Bank of America raised Sanmina from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $58.00 to $92.00 in a research report on Wednesday, January 29th.

Insider Transactions at Sanmina

In other news, Director Mario M. Rosati sold 11,391 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $86.02, for a total transaction of $979,853.82. Following the completion of the sale, the director now owns 80,295 shares of the company’s stock, valued at approximately $6,906,975.90. This trade represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eugene A. Delaney sold 11,712 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $84.02, for a total transaction of $984,042.24. Following the completion of the sale, the director now directly owns 65,408 shares in the company, valued at $5,495,580.16. This represents a 15.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,405 shares of company stock valued at $1,986,682. 3.22% of the stock is currently owned by insiders.

Sanmina Stock Up 2.2 %

Shares of NASDAQ:SANM opened at $80.23 on Friday. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 1.29 and a beta of 1.10. The company has a 50 day moving average of $76.49 and a two-hundred day moving average of $78.42. Sanmina Co. has a 52-week low of $61.52 and a 52-week high of $91.12. The company has a quick ratio of 1.30, a current ratio of 2.06 and a debt-to-equity ratio of 0.12.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, April 28th. The electronics maker reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.03. Sanmina had a net margin of 2.99% and a return on equity of 10.61%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the business earned $1.30 EPS. The business’s revenue was up 8.1% on a year-over-year basis. As a group, analysts forecast that Sanmina Co. will post 5.15 earnings per share for the current fiscal year.

Sanmina declared that its Board of Directors has approved a stock repurchase program on Monday, January 27th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the electronics maker to reacquire up to 7.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board 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.