21,036 Shares in Sanmina Co. (NASDAQ:SANM) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in Sanmina Co. (NASDAQ:SANM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 21,036 shares of the electronics maker's stock, valued at approximately $1,592,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Sanmina in the 3rd quarter worth approximately $32,000. R Squared Ltd bought a new position in Sanmina in the 4th quarter worth approximately $58,000. GAMMA Investing LLC raised its position in Sanmina by 37.8% in the 4th quarter. GAMMA Investing LLC now owns 1,283 shares of the electronics maker's stock worth $97,000 after purchasing an additional 352 shares during the last quarter. Principal Securities Inc. raised its position in Sanmina by 13.6% in the 4th quarter. Principal Securities Inc. now owns 1,388 shares of the electronics maker's stock worth $105,000 after purchasing an additional 166 shares during the last quarter. Finally, KBC Group NV raised its position in Sanmina by 25.5% in the 3rd quarter. KBC Group NV now owns 1,811 shares of the electronics maker's stock worth $124,000 after purchasing an additional 368 shares during the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sanmina

In other Sanmina news, Director Eugene A. Delaney sold 10,000 shares of the company's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $83.50, for a total transaction of $835,000.00. Following the completion of the sale, the director now owns 77,120 shares in the company, valued at approximately $6,439,520. The trade was a 11.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $979,853.82. Following the sale, the director now owns 80,295 shares of the company's stock, valued at $6,906,975.90. The trade was a 12.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,103 shares of company stock worth $2,798,896. Insiders own 3.22% of the company's stock.

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Analyst Upgrades and Downgrades

SANM has been the subject of several research analyst reports. Bank of America upgraded shares of 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 research report on Wednesday, January 29th. StockNews.com cut shares of Sanmina from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th.

Sanmina Trading Up 0.8 %

Shares of Sanmina stock traded up $0.62 on Friday, hitting $76.28. 331,012 shares of the company's stock traded hands, compared to its average volume of 375,324. The firm's 50-day moving average price is $82.44 and its two-hundred day moving average price is $76.05. The stock has a market capitalization of $4.14 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 1.29 and a beta of 0.85. Sanmina Co. has a one year low of $57.52 and a one year high of $91.12. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.06 and a quick ratio of 1.30.

Sanmina declared that its Board of Directors has initiated a stock repurchase plan on Monday, January 27th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the electronics maker to buy up to 7.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its shares are undervalued.

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.