Charles Schwab Investment Management Inc. Grows Stake in Sanmina Co. (NASDAQ:SANM)

Charles Schwab Investment Management Inc. lifted its holdings in Sanmina Co. (NASDAQ:SANM - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 610,067 shares of the electronics maker's stock after acquiring an additional 3,330 shares during the period. Charles Schwab Investment Management Inc. owned 1.12% of Sanmina worth $46,164,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its position in Sanmina by 5.0% in the 3rd quarter. FMR LLC now owns 1,715,767 shares of the electronics maker's stock worth $117,444,000 after purchasing an additional 82,409 shares during the period. Geode Capital Management LLC increased its holdings in Sanmina by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,515,128 shares of the electronics maker's stock valued at $103,727,000 after buying an additional 35,622 shares during the period. Franklin Resources Inc. increased its holdings in Sanmina by 6.4% during the third quarter. Franklin Resources Inc. now owns 1,319,768 shares of the electronics maker's stock valued at $89,018,000 after buying an additional 79,565 shares during the period. Global Alpha Capital Management Ltd. increased its holdings in Sanmina by 19.4% during the third quarter. Global Alpha Capital Management Ltd. now owns 922,391 shares of the electronics maker's stock valued at $63,138,000 after buying an additional 149,600 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in Sanmina by 13.8% during the fourth 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 period. Institutional investors own 92.71% of the company's stock.

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Insider Buying and Selling

In related news, Director Mario M. Rosati sold 11,391 shares of the firm'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 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eugene A. Delaney sold 10,000 shares of the firm's stock in a transaction 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 directly owns 77,120 shares of the company's stock, valued at approximately $6,439,520. This trade represents a 11.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,103 shares of company stock valued at $2,798,896 over the last 90 days. Insiders own 3.22% of the company's stock.

Sanmina Stock Performance

Shares of NASDAQ:SANM traded up $0.07 on Tuesday, hitting $76.19. 274,562 shares of the company were exchanged, compared to its average volume of 369,359. Sanmina Co. has a 1-year low of $57.52 and a 1-year high of $91.12. The stock's 50 day moving average price is $82.30 and its 200 day moving average price is $76.28. 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 has a market capitalization of $4.14 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 1.29 and a beta of 0.85.

Sanmina declared that its board has authorized a share 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 usually a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SANM shares. Bank of America upgraded shares of Sanmina from an "underperform" rating to a "neutral" rating and raised their target price for the company from $58.00 to $92.00 in a research note on Wednesday, January 29th. StockNews.com downgraded 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.