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

Xponance Inc. boosted its stake in shares of Sanmina Co. (NASDAQ:SANM) by 7.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,535 shares of the electronics maker’s stock after acquiring an additional 314 shares during the quarter. Xponance Inc.’s holdings in Sanmina were worth $343,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Sanmina during the third quarter valued at approximately $32,000. R Squared Ltd bought a new position in Sanmina in the 4th quarter valued at $58,000. GAMMA Investing LLC increased its stake in shares of Sanmina by 37.8% in the 4th quarter. GAMMA Investing LLC now owns 1,283 shares of the electronics maker’s stock valued at $97,000 after buying an additional 352 shares during the period. Principal Securities Inc. raised its position in shares of Sanmina by 13.6% during the fourth quarter. Principal Securities Inc. now owns 1,388 shares of the electronics maker’s stock worth $105,000 after acquiring an additional 166 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Sanmina by 283.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,428 shares of the electronics maker’s stock valued at $108,000 after acquiring an additional 1,056 shares during the period. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Trading Down 1.0 %

NASDAQ:SANM opened at $77.74 on Friday. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 1.29 and a beta of 0.85. Sanmina Co. has a 1-year low of $57.52 and a 1-year high of $91.12. The business’s 50-day moving average price is $82.11 and its two-hundred day moving average price is $76.78. The company has a current ratio of 2.06, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12.

Sanmina declared that its board has authorized a stock buyback plan on Monday, January 27th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the electronics maker to reacquire up to 7.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Sanmina

In related news, Director Mario M. Rosati sold 11,391 shares of the company’s 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 completion of the sale, the director now owns 80,295 shares in the company, valued at $6,906,975.90. This represents a 12.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eugene A. Delaney sold 11,712 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $84.02, for a total value 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. The trade was a 15.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,405 shares of company stock worth $2,821,682 in the last ninety days. Company insiders own 3.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SANM. Bank of America raised Sanmina from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $58.00 to $92.00 in a report on Wednesday, January 29th. StockNews.com lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a 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.