Farther Finance Advisors LLC Cuts Stock Holdings in Sanmina Co. (NASDAQ:SANM)

Farther Finance Advisors LLC reduced its position in shares of Sanmina Co. (NASDAQ:SANM) by 67.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 684 shares of the electronics maker’s stock after selling 1,445 shares during the period. Farther Finance Advisors LLC’s holdings in Sanmina were worth $52,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in Sanmina during the 3rd quarter worth approximately $32,000. R Squared Ltd purchased a new stake in Sanmina during the 4th quarter worth approximately $58,000. GAMMA Investing LLC grew its position in shares of Sanmina by 37.8% in the fourth quarter. GAMMA Investing LLC now owns 1,283 shares of the electronics maker’s stock valued at $97,000 after purchasing an additional 352 shares in the last quarter. Principal Securities Inc. grew its position in shares of Sanmina by 13.6% in the fourth quarter. Principal Securities Inc. now owns 1,388 shares of the electronics maker’s stock valued at $105,000 after purchasing an additional 166 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of 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 purchasing an additional 1,056 shares in the last quarter. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Sanmina Trading Down 0.0 %

SANM opened at $78.31 on Monday. Sanmina Co. has a one year low of $57.52 and a one year high of $91.12. The stock has a market capitalization of $4.25 billion, a PE ratio of 19.15, a P/E/G ratio of 1.29 and a beta of 0.85. The business’s 50 day moving average price is $82.34 and its 200 day moving average price is $76.56. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 2.06.

Sanmina declared that its board has approved a share 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 usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Sanmina

In related news, Director Eugene A. Delaney sold 11,712 shares of the company’s stock in a transaction that occurred on 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 directly owns 65,408 shares in the company, valued at approximately $5,495,580.16. This represents a 15.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $979,853.82. Following the completion of the transaction, the director now owns 80,295 shares in the company, valued at $6,906,975.90. This 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 have sold 33,405 shares of company stock worth $2,821,682. Insiders own 3.22% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.