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

Natixis Advisors LLC grew its stake in shares of Sanmina Co. (NASDAQ:SANM) by 3.2% during the fourth quarter, Holdings Channel reports. The firm owned 15,908 shares of the electronics maker’s stock after purchasing an additional 498 shares during the period. Natixis Advisors LLC’s holdings in Sanmina were worth $1,204,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sanmina in the third quarter valued at about $32,000. R Squared Ltd purchased a new stake in shares of Sanmina in the fourth quarter valued at approximately $58,000. GAMMA Investing LLC increased its holdings in shares of Sanmina by 37.8% in the 4th quarter. GAMMA Investing LLC now owns 1,283 shares of the electronics maker’s stock valued at $97,000 after purchasing an additional 352 shares in the last quarter. Principal Securities Inc. boosted its position in Sanmina by 13.6% during the fourth quarter. Principal Securities Inc. now owns 1,388 shares of the electronics maker’s stock worth $105,000 after purchasing an additional 166 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Sanmina by 283.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,428 shares of the electronics maker’s stock worth $108,000 after buying an additional 1,056 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Bank of America upgraded Sanmina from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $58.00 to $92.00 in a research report on Wednesday, January 29th. StockNews.com cut Sanmina from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th.

Sanmina Stock Performance

Shares of Sanmina stock opened at $78.58 on Wednesday. The firm’s 50-day simple moving average is $82.30 and its 200-day simple moving average is $76.76. Sanmina Co. has a 1 year low of $57.52 and a 1 year high of $91.12. The firm has a market cap of $4.27 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 1.29 and a beta of 0.85. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 2.06.

Sanmina announced that its board has initiated a share repurchase plan on Monday, January 27th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the electronics maker to reacquire up to 7.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Mario M. Rosati sold 11,391 shares of the stock in a transaction on Friday, February 21st. The stock was 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 in the company, valued at approximately $6,906,975.90. This represents a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eugene A. Delaney sold 10,000 shares of the business’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 owns 77,120 shares in the company, valued at approximately $6,439,520. The trade was a 11.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,405 shares of company stock valued at $2,821,682 over the last quarter. Insiders own 3.22% of the company’s stock.

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.