Sanmina Co. (NASDAQ:SANM) Shares Sold by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. decreased its holdings in shares of Sanmina Co. (NASDAQ:SANM) by 18.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 751,191 shares of the electronics maker’s stock after selling 171,200 shares during the quarter. Sanmina makes up approximately 4.1% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 4th biggest holding. Global Alpha Capital Management Ltd.’s holdings in Sanmina were worth $56,843,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of SANM. Farther Finance Advisors LLC increased its position in Sanmina by 16.3% in the third quarter. Farther Finance Advisors LLC now owns 2,129 shares of the electronics maker’s stock worth $146,000 after buying an additional 299 shares during the period. QRG Capital Management Inc. grew its position in shares of Sanmina by 9.7% during the third quarter. QRG Capital Management Inc. now owns 5,888 shares of the electronics maker’s stock worth $403,000 after acquiring an additional 523 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Sanmina by 10.2% in the 3rd quarter. Assetmark Inc. now owns 82,442 shares of the electronics maker’s stock worth $5,643,000 after acquiring an additional 7,610 shares during the period. Atria Investments Inc lifted its position in Sanmina by 6.6% in the 3rd quarter. Atria Investments Inc now owns 19,757 shares of the electronics maker’s stock valued at $1,352,000 after purchasing an additional 1,226 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in Sanmina by 2.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 28,598 shares of the electronics maker’s stock valued at $1,958,000 after purchasing an additional 777 shares during the period. Institutional investors own 92.71% of the company’s stock.

Sanmina Stock Performance

SANM stock opened at $76.28 on Friday. The company has a 50-day simple moving average of $82.44 and a 200 day simple moving average of $75.96. The company has a market capitalization of $4.14 billion, a P/E ratio of 18.65, a PEG ratio of 1.29 and a beta of 0.92. 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 fifty-two week low of $57.52 and a fifty-two week high of $91.12.

Sanmina declared that its board has initiated 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 repurchase up to 7.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Sanmina news, Director Eugene A. Delaney sold 11,712 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $84.02, for a total transaction of $984,042.24. Following the completion of the transaction, the director now directly owns 65,408 shares of the company’s stock, valued at approximately $5,495,580.16. This trade represents a 15.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mario M. Rosati sold 11,391 shares of Sanmina stock in a transaction 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 transaction, the director now owns 80,295 shares in the company, valued at approximately $6,906,975.90. This trade represents a 12.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,103 shares of company stock worth $2,798,896. 3.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SANM has been the topic of several analyst reports. Bank of America upgraded shares of Sanmina from an “underperform” rating to a “neutral” rating and raised their price target for the company from $58.00 to $92.00 in a research note on Wednesday, January 29th. StockNews.com cut Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th.

Sanmina 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.