Xponance Inc. Has $343,000 Holdings in Sanmina Co. (NASDAQ:SANM)

Xponance Inc. raised its position in Sanmina Co. (NASDAQ:SANM) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,535 shares of the electronics maker’s stock after purchasing an additional 314 shares during the quarter. Xponance Inc.’s holdings in Sanmina were worth $343,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SANM. JPMorgan Chase & Co. lifted its stake in Sanmina by 255.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 509,906 shares of the electronics maker’s stock valued at $34,903,000 after acquiring an additional 366,653 shares in the last quarter. Weiss Asset Management LP raised its holdings in shares of Sanmina by 590.7% in the third quarter. Weiss Asset Management LP now owns 381,158 shares of the electronics maker’s stock valued at $26,090,000 after purchasing an additional 325,974 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Sanmina by 88.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 264,829 shares of the electronics maker’s stock worth $20,040,000 after purchasing an additional 124,190 shares during the last quarter. FMR LLC grew its position in Sanmina by 5.0% in the third quarter. FMR LLC now owns 1,715,767 shares of the electronics maker’s stock valued at $117,444,000 after purchasing an additional 82,409 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its stake in Sanmina by 13.8% in the 4th quarter. Allianz Asset Management GmbH now owns 663,923 shares of the electronics maker’s stock valued at $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.

Insider Activity

In other Sanmina news, Director Eugene A. Delaney sold 10,000 shares of the business’s 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 transaction, the director now owns 77,120 shares of the company’s stock, valued at $6,439,520. The trade was a 11.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mario M. Rosati sold 11,391 shares of the firm’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 sale, the director now directly owns 80,295 shares of the company’s stock, valued at approximately $6,906,975.90. The trade was a 12.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,405 shares of company stock valued at $2,821,682. 3.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SANM has been the subject of a number of recent research reports. Bank of America upgraded shares of 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 research note on Wednesday, January 29th. StockNews.com downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th.

Sanmina Stock Performance

NASDAQ SANM opened at $77.74 on Friday. The firm has a market capitalization of $4.22 billion, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 1.29 and a beta of 0.85. 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 firm’s fifty day moving average price is $82.11 and its two-hundred day moving average price is $76.78. Sanmina Co. has a 1 year low of $57.52 and a 1 year high of $91.12.

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