Fuller & Thaler Asset Management Inc. Sells 46,743 Shares of Sanmina Co. (NASDAQ:SANM)

Fuller & Thaler Asset Management Inc. decreased its stake in Sanmina Co. (NASDAQ:SANM - Free Report) by 9.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 444,242 shares of the electronics maker's stock after selling 46,743 shares during the period. Fuller & Thaler Asset Management Inc. owned 0.82% of Sanmina worth $33,616,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in shares of Sanmina by 14.2% during the fourth quarter. FMR LLC now owns 1,959,025 shares of the electronics maker's stock valued at $148,239,000 after buying an additional 243,258 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Sanmina by 39.6% in the fourth 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of Sanmina by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,536,367 shares of the electronics maker's stock valued at $116,277,000 after purchasing an additional 21,239 shares in the last quarter. JPMorgan Chase & Co. grew its position in 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 in the last quarter. Finally, Allianz Asset Management GmbH increased its stake in Sanmina by 13.8% during the 4th quarter. Allianz Asset Management GmbH now owns 663,923 shares of the electronics maker's stock valued at $50,239,000 after buying an additional 80,574 shares during the period. 92.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Sanmina news, Director Eugene A. Delaney sold 10,000 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $83.50, for a total transaction of $835,000.00. Following the completion of the sale, the director now directly owns 77,120 shares in the company, valued at $6,439,520. This represents a 11.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mario M. Rosati sold 11,391 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $86.02, for a total value of $979,853.82. Following the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 33,405 shares of company stock worth $2,821,682. Corporate insiders own 3.22% of the company's stock.

Sanmina Trading Down 3.7 %

Shares of NASDAQ:SANM traded down $2.90 during midday trading on Wednesday, reaching $76.11. The company had a trading volume of 153,974 shares, compared to its average volume of 391,969. The company has a fifty day simple moving average of $76.87 and a two-hundred day simple moving average of $78.19. Sanmina Co. has a 1-year low of $57.52 and a 1-year high of $91.12. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 2.06. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 1.29 and a beta of 1.00.

Sanmina (NASDAQ:SANM - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The electronics maker reported $1.41 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.97 billion. During the same period in the previous year, the company posted $1.30 EPS. Sanmina's revenue was up 8.1% on a year-over-year basis. Research analysts predict that Sanmina Co. will post 5.15 earnings per share for the current year.

Sanmina announced that its Board of Directors has authorized a share buyback plan on Monday, January 27th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the electronics maker to purchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

SANM has been the topic of several recent analyst reports. StockNews.com cut Sanmina from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Bank of America upgraded shares of Sanmina from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $58.00 to $92.00 in a research report on Wednesday, January 29th.

About Sanmina

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.