2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. increased its stake in Sanmina Co. (NASDAQ:SANM – Free Report) by 32.
4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 675,191 shares of the electronics maker’s stock after acquiring an additional 165,285 shares during the quarter. JPMorgan Chase & Co.
owned 1.24% of Sanmina worth $51,092,000 at the end of the most recent reporting period. A number of other institutional investors also recently modified their holdings of the stock.
Wilmington Savings Fund Society FSB bought a new stake in Sanmina in the third quarter valued at $32,000. R Squared Ltd bought a new stake in Sanmina in the 4th quarter valued at about $58,000. GAMMA Investing LLC increased its position in 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 buying an additional 352 shares in the last quarter. Principal Securities Inc.
raised its stake in Sanmina by 13.6% during the 4th quarter. Principal Securities Inc.
now owns 1,388 shares of the electronics maker’s stock worth $105,000 after buying an additional 166 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Sanmina by 283.9% in the fourth quarter.
Smartleaf Asset Management LLC now owns 1,428 shares of the electronics maker’s stock worth $108,000 after acquiring an additional 1,056 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.
Insider Activity at SanminaIn other news, Director Mario M. Rosati sold 11,391 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $86.
02, for a total value of $979,853.82. Following the completion of the sale, the director now owns 80,295 shares in the company, valued at $6,906,975.
90. This represents a 12.42 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eugene A. Delaney sold 11,712 shares of the company’s stock in a transaction dated Tuesday, February 4th.
The stock was 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 of the company’s stock, valued at $5,495,580.16. The trade was a 15.
19 % 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 valued at $2,821,682.
3.22% of the stock is owned by insiders. Analyst Ratings ChangesSANM has been the subject of several recent research reports.
Bank of America upgraded Sanmina from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $58.00 to $92.00 in a report on Wednesday, January 29th.
StockNews.com lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th.Read Our Latest Report on SANMSanmina Stock PerformanceShares of Sanmina stock opened at $67.
30 on Friday. The company has a market cap of $3.66 billion, a PE ratio of 16.
45, a price-to-earnings-growth ratio of 1.29 and a beta of 0.85.
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 Co. has a 52 week low of $57.
52 and a 52 week high of $91.12. The business has a 50 day moving average price of $80.
94 and a 200-day moving average price of $77.19. Sanmina declared that its Board of Directors has initiated a share repurchase plan on Monday, January 27th that allows the company to repurchase $300.
00 million in shares. This repurchase authorization allows the electronics maker to buy up to 7.1% of its stock through open market purchases.
Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued. Sanmina Profile (Free Report)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.Further ReadingFive stocks we like better than SanminaThe Most Important Warren Buffett Stock for Investors: His OwnConagra Stock Could Thrive as Tariffs Hit Other SectorsHow is Compound Interest Calculated?Grocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey FindsTSX Venture Exchange (Formerly Canadian Venture Exchange)Spotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy?Want to see what other hedge funds are holding SANM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sanmina Co.
(NASDAQ:SANM – Free Report)..
