Sanmina Co. (NASDAQ:SANM) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD decreased its position in Sanmina Co. (NASDAQ:SANM - Free Report) by 58.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,281 shares of the electronics maker's stock after selling 64,500 shares during the period. Price T Rowe Associates Inc. MD owned 0.08% of Sanmina worth $3,427,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SANM. Wilmington Savings Fund Society FSB purchased a new stake in Sanmina in the third quarter valued at $32,000. R Squared Ltd acquired a new position in Sanmina in the fourth quarter valued at about $58,000. GAMMA Investing LLC boosted its stake in Sanmina by 37.8% during the fourth quarter. GAMMA Investing LLC now owns 1,283 shares of the electronics maker's stock worth $97,000 after buying an additional 352 shares during the period. Principal Securities Inc. increased its position in shares of Sanmina by 13.6% during the fourth quarter. Principal Securities Inc. now owns 1,388 shares of the electronics maker's stock valued at $105,000 after acquiring an additional 166 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake 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 valued at $108,000 after acquiring an additional 1,056 shares during the period. Hedge funds and other institutional investors own 92.71% of the company's stock.

Insider Buying and Selling at Sanmina

In related news, Director Mario M. Rosati sold 11,391 shares of the company'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 sale, the director now directly owns 80,295 shares in the company, valued at approximately $6,906,975.90. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SANM. Bank of America upgraded shares of Sanmina from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $58.00 to $92.00 in a report on Wednesday, January 29th. StockNews.com cut Sanmina from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 6th.

Sanmina Stock Down 0.7 %

Shares of NASDAQ SANM traded down $0.59 during midday trading on Friday, hitting $79.95. The company's stock had a trading volume of 257,927 shares, compared to its average volume of 391,187. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.06 and a quick ratio of 1.30. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 1.29 and a beta of 1.10. The business's fifty day simple moving average is $76.46 and its two-hundred day simple moving average is $78.78. Sanmina Co. has a 1 year low of $61.52 and a 1 year high of $91.12.

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, topping the consensus estimate of $1.38 by $0.03. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.97 billion. Sanmina had a net margin of 2.99% and a return on equity of 10.61%. The company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.30 earnings per share. On average, equities analysts predict that Sanmina Co. will post 5.15 EPS for the current year.

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

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.