SG Americas Securities LLC Has $439,000 Stake in Sanmina Co. (NASDAQ:SANM)

SG Americas Securities LLC raised its stake in Sanmina Co. (NASDAQ:SANM) by 36.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,800 shares of the electronics maker’s stock after buying an additional 1,559 shares during the period. SG Americas Securities LLC’s holdings in Sanmina were worth $439,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in Sanmina in the third quarter valued at $32,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Sanmina by 24.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker’s stock worth $56,000 after acquiring an additional 164 shares during the period. GAMMA Investing LLC lifted its stake in shares of Sanmina by 88.5% during the 3rd quarter. GAMMA Investing LLC now owns 931 shares of the electronics maker’s stock valued at $64,000 after buying an additional 437 shares in the last quarter. CWM LLC raised its stake in shares of Sanmina by 40.5% during the 3rd quarter. CWM LLC now owns 1,781 shares of the electronics maker’s stock valued at $122,000 after purchasing an additional 513 shares during the period. Finally, KBC Group NV boosted its position in shares of Sanmina by 25.5% in the third quarter. KBC Group NV now owns 1,811 shares of the electronics maker’s stock valued at $124,000 after acquiring an additional 368 shares during the period. Institutional investors own 92.71% of the company’s stock.

Analysts Set New Price Targets

SANM has been the topic of several recent analyst reports. Craig Hallum raised their price target on Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. StockNews.com upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Bank of America upgraded Sanmina from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $58.00 to $92.00 in a report on Wednesday, January 29th.

Insider Activity at Sanmina

In related news, Director Eugene A. Delaney sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $83.50, for a total value of $835,000.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.09% of the stock is currently owned by company insiders.

Sanmina Stock Performance

Shares of SANM stock opened at $83.73 on Monday. The company has a 50 day moving average price of $79.47 and a 200-day moving average price of $73.57. The firm has a market capitalization of $4.55 billion, a PE ratio of 20.47, a P/E/G ratio of 1.39 and a beta of 0.91. The company has a quick ratio of 1.25, a current ratio of 2.06 and a debt-to-equity ratio of 0.12. Sanmina Co. has a 52 week low of $57.28 and a 52 week high of $86.05.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07. Sanmina had a return on equity of 10.61% and a net margin of 2.99%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the company posted $1.20 EPS. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts expect that Sanmina Co. will post 4.84 earnings per share for the current year.

Sanmina announced that its board has initiated a stock repurchase program on Monday, January 27th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the electronics maker to reacquire up to 7.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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.