Sanmina Co. (NASDAQ:SANM) Shares Sold by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC lowered its stake in shares of Sanmina Co. (NASDAQ:SANM) by 7.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 26,601 shares of the electronics maker’s stock after selling 2,048 shares during the period. Keeley Teton Advisors LLC’s holdings in Sanmina were worth $2,013,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Sanmina by 14.2% during the 4th quarter. FMR LLC now owns 1,959,025 shares of the electronics maker’s stock worth $148,239,000 after acquiring an additional 243,258 shares in the last quarter. Franklin Resources Inc. boosted its position in Sanmina by 39.6% during 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 grew its holdings in Sanmina by 1.4% in 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 during the last quarter. JPMorgan Chase & Co. increased its position in shares of Sanmina by 32.4% in the fourth 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 raised its stake in shares of Sanmina by 13.8% during the 4th 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. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sanmina

In other news, Director Mario M. Rosati sold 11,391 shares of Sanmina stock in a transaction 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 completion of the sale, the director now owns 80,295 shares of the company’s stock, valued at $6,906,975.90. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eugene A. Delaney sold 11,712 shares of the 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 transaction, the director now owns 65,408 shares in the company, valued at $5,495,580.16. This trade represents a 15.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,405 shares of company stock worth $2,821,682 over the last ninety days. 3.22% of the stock is currently owned by corporate insiders.

Sanmina Trading Up 1.0 %

Sanmina stock opened at $76.55 on Wednesday. The stock has a market cap of $4.16 billion, a PE ratio of 18.72, a P/E/G ratio of 1.29 and a beta of 1.00. 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 has a 50-day moving average price of $79.24 and a 200 day moving average price of $77.48. Sanmina Co. has a 52 week low of $57.52 and a 52 week high of $91.12.

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

Analyst Ratings Changes

SANM has been the subject of several recent research reports. StockNews.com downgraded shares of Sanmina from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. 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.

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.