Sanmina Co. (NASDAQ:SANM) Holdings Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in Sanmina Co. (NASDAQ:SANM - Free Report) by 32.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 675,191 shares of the electronics maker's stock after buying an additional 165,285 shares during the period. JPMorgan Chase & Co. owned approximately 1.24% of Sanmina worth $51,092,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of Sanmina by 2.4% in the third quarter. Geode Capital Management LLC now owns 1,515,128 shares of the electronics maker's stock worth $103,727,000 after acquiring an additional 35,622 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Sanmina by 6.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,319,768 shares of the electronics maker's stock worth $89,018,000 after buying an additional 79,565 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of Sanmina by 13.8% in the 4th quarter. Allianz Asset Management GmbH now owns 663,923 shares of the electronics maker's stock worth $50,239,000 after acquiring an additional 80,574 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Sanmina by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 610,067 shares of the electronics maker's stock valued at $46,164,000 after acquiring an additional 3,330 shares during the last quarter. Finally, Royce & Associates LP raised its position in shares of Sanmina by 3.2% during the 4th quarter. Royce & Associates LP now owns 414,893 shares of the electronics maker's stock valued at $31,395,000 after acquiring an additional 12,795 shares in the last quarter. Hedge funds and other institutional investors own 92.71% of the company's stock.

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Insider Buying and Selling at Sanmina

In other Sanmina news, Director Eugene A. Delaney sold 11,712 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $84.02, for a total value of $984,042.24. Following the sale, the director now owns 65,408 shares in the company, valued at approximately $5,495,580.16. This trade represents a 15.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mario M. Rosati sold 11,391 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $86.02, for a total transaction 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. Over the last 90 days, insiders have sold 33,405 shares of company stock worth $2,821,682. 3.22% of the stock is owned by company insiders.

Sanmina Stock Performance

SANM traded down $1.52 on Thursday, hitting $76.27. 31,688 shares of the company's stock were exchanged, compared to its average volume of 424,540. The firm has a market cap of $4.14 billion, a PE ratio of 18.65, a P/E/G ratio of 1.29 and a beta of 1.00. Sanmina Co. has a twelve month low of $57.52 and a twelve month high of $91.12. The stock has a fifty day moving average of $80.08 and a two-hundred day moving average of $77.29. 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 approved a share repurchase program on Monday, January 27th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the electronics maker to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SANM shares. Bank of America raised shares of Sanmina from an "underperform" rating to a "neutral" rating and increased their target price 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 research note 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.