Sanmina Co. (NASDAQ:SANM) Position Lowered by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. lowered its position in shares of Sanmina Co. (NASDAQ:SANM) by 18.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 751,191 shares of the electronics maker’s stock after selling 171,200 shares during the quarter. Sanmina comprises approximately 4.1% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 4th largest holding. Global Alpha Capital Management Ltd. owned approximately 1.38% of Sanmina worth $56,843,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its position in Sanmina by 6.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,200 shares of the electronics maker’s stock valued at $166,000 after purchasing an additional 125 shares during the period. Park Avenue Securities LLC grew its stake in shares of Sanmina by 3.3% in the fourth quarter. Park Avenue Securities LLC now owns 4,008 shares of the electronics maker’s stock valued at $303,000 after buying an additional 129 shares in the last quarter. Principal Securities Inc. grew its stake 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 buying an additional 166 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Sanmina by 3.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,501 shares of the electronics maker’s stock valued at $416,000 after buying an additional 185 shares during the period. Finally, TFG Advisers LLC lifted its position in Sanmina by 4.8% during the 4th quarter. TFG Advisers LLC now owns 4,381 shares of the electronics maker’s stock worth $332,000 after acquiring an additional 202 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Insider Activity

In other news, Director Eugene A. Delaney sold 10,000 shares of the stock in a transaction dated Thursday, January 30th. The shares were 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 approximately $6,439,520. This trade 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 Sanmina stock in a transaction dated Friday, February 21st. The stock was 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 of the company’s stock, valued at $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 sold 33,103 shares of company stock worth $2,798,896. 3.22% of the stock is currently owned by insiders.

Sanmina Trading Up 0.8 %

Shares of SANM opened at $76.28 on Friday. 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 Co. has a one year low of $57.52 and a one year high of $91.12. The stock has a 50-day moving average price of $82.44 and a 200 day moving average price of $75.96. The company has a market capitalization of $4.14 billion, a P/E ratio of 18.65, a P/E/G ratio of 1.29 and a beta of 0.92.

Sanmina announced that its Board of Directors has authorized a share buyback plan on Monday, January 27th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the electronics maker to purchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts have issued reports on SANM shares. StockNews.com downgraded shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Bank of America raised 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 report on Wednesday, January 29th.

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.