Sanmina Co. (NASDAQ:SANM) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its holdings in Sanmina Co. (NASDAQ:SANM - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 64,959 shares of the electronics maker's stock after selling 5,353 shares during the quarter. First Trust Advisors LP owned 0.12% of Sanmina worth $4,915,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FMR LLC lifted its stake in Sanmina by 14.2% during the 4th quarter. FMR LLC now owns 1,959,025 shares of the electronics maker's stock valued at $148,239,000 after acquiring an additional 243,258 shares during the period. Franklin Resources Inc. grew its position in Sanmina by 39.6% during the 4th quarter. Franklin Resources Inc. now owns 1,842,302 shares of the electronics maker's stock worth $139,407,000 after purchasing an additional 522,534 shares during the period. Geode Capital Management LLC raised its stake in shares of Sanmina by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,536,367 shares of the electronics maker's stock valued at $116,277,000 after buying an additional 21,239 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Sanmina by 32.4% in the 4th quarter. JPMorgan Chase & Co. now owns 675,191 shares of the electronics maker's stock valued at $51,092,000 after buying an additional 165,285 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in shares of Sanmina by 13.8% in the fourth quarter. Allianz Asset Management GmbH now owns 663,923 shares of the electronics maker's stock worth $50,239,000 after buying an additional 80,574 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SANM shares. Bank of America upgraded shares of Sanmina from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $58.00 to $92.00 in a research note 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.

Sanmina Trading Down 1.7 %

Sanmina stock traded down $1.37 during midday trading on Monday, hitting $78.86. 317,145 shares of the stock were exchanged, compared to its average volume of 390,839. The company has a current ratio of 2.06, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. The stock's 50-day simple moving average is $76.49 and its 200 day simple moving average is $78.49. Sanmina Co. has a fifty-two week low of $61.52 and a fifty-two week high of $91.12. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.29 and a beta of 1.10.

Sanmina (NASDAQ:SANM - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The electronics maker reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.03. Sanmina had a return on equity of 10.61% and a net margin of 2.99%. The business had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.97 billion. During the same period in the prior year, the business posted $1.30 EPS. The company's revenue was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Sanmina Co. will post 5.15 EPS for the current year.

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

Insider Activity at Sanmina

In other news, Director Eugene A. Delaney sold 11,712 shares of Sanmina stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $84.02, for a total value of $984,042.24. Following the completion of the transaction, the director now owns 65,408 shares in the company, valued at approximately $5,495,580.16. This trade represents a 15.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 directly owns 80,295 shares in the company, valued at approximately $6,906,975.90. This trade represents a 12.42 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,405 shares of company stock worth $1,986,682. Insiders own 3.22% of the company's stock.

Sanmina Company 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.