LSV Asset Management Has $124.26 Million Holdings in Sanmina Co. (NASDAQ:SANM)

LSV Asset Management decreased its stake in Sanmina Co. (NASDAQ:SANM) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,642,140 shares of the electronics maker’s stock after selling 34,600 shares during the quarter. LSV Asset Management’s holdings in Sanmina were worth $124,261,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in Sanmina in the third quarter valued at about $32,000. R Squared Ltd acquired a new position in shares of Sanmina in the 4th quarter valued at approximately $58,000. GAMMA Investing LLC increased its stake in Sanmina by 37.8% during the 4th quarter. GAMMA Investing LLC now owns 1,283 shares of the electronics maker’s stock worth $97,000 after purchasing an additional 352 shares in the last quarter. Principal Securities Inc. raised its holdings 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 lifted its stake in Sanmina by 283.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,428 shares of the electronics maker’s stock valued at $108,000 after buying an additional 1,056 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Price Performance

Shares of SANM opened at $74.64 on Friday. 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 twelve month low of $57.52 and a twelve month high of $91.12. The stock has a market capitalization of $4.05 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.29 and a beta of 1.00. The company has a 50 day moving average of $79.93 and a 200-day moving average of $77.32.

Sanmina declared that its board has authorized a stock repurchase program on Monday, January 27th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the electronics maker to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SANM shares. StockNews.com lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Bank of America raised Sanmina from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $58.00 to $92.00 in a research note on Wednesday, January 29th.

Insider Buying and Selling

In related news, Director Eugene A. Delaney sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $83.50, for a total transaction of $835,000.00. Following the completion of the transaction, the director now directly owns 77,120 shares of the company’s stock, valued at approximately $6,439,520. This represents a 11.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mario M. Rosati sold 11,391 shares of the business’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 directly owns 80,295 shares in the company, valued at $6,906,975.90. This trade represents a 12.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,405 shares of company stock worth $2,821,682. 3.22% of the stock is owned by insiders.

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.