William Blair Investment Management LLC Buys 9,016 Shares of Sanmina Co. (NASDAQ:SANM)

William Blair Investment Management LLC lifted its position in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 388,978 shares of the electronics maker's stock after acquiring an additional 9,016 shares during the period. William Blair Investment Management LLC owned approximately 0.72% of Sanmina worth $29,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Citigroup Inc. increased its position in shares of Sanmina by 64.6% during the third quarter. Citigroup Inc. now owns 73,938 shares of the electronics maker's stock valued at $5,061,000 after acquiring an additional 29,028 shares in the last quarter. Geode Capital Management LLC grew its position in Sanmina by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,515,128 shares of the electronics maker's stock worth $103,727,000 after purchasing an additional 35,622 shares during the period. Barclays PLC grew its position in Sanmina by 296.3% in the 3rd quarter. Barclays PLC now owns 92,863 shares of the electronics maker's stock worth $6,358,000 after purchasing an additional 69,431 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Sanmina in the 3rd quarter worth approximately $2,224,000. Finally, JPMorgan Chase & Co. grew its position in Sanmina by 255.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 509,906 shares of the electronics maker's stock worth $34,903,000 after purchasing an additional 366,653 shares during the period. Institutional investors own 92.71% of the company's stock.

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Sanmina Stock Performance

Shares of Sanmina stock traded down $0.01 on Friday, hitting $78.31. 769,671 shares of the company's stock were exchanged, compared to its average volume of 368,463. The company has a 50-day simple moving average of $82.34 and a 200-day simple moving average of $76.42. The stock has a market capitalization of $4.25 billion, a PE ratio of 19.15, 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 company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 2.06.

Sanmina declared that its board has authorized a share repurchase plan on Monday, January 27th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the electronics maker to buy up to 7.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

Insider Transactions at Sanmina

In related news, Director Eugene A. Delaney sold 10,000 shares of Sanmina 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mario M. Rosati sold 11,391 shares of Sanmina 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 transaction, the director now owns 80,295 shares in the company, valued at approximately $6,906,975.90. This trade represents a 12.42 % decrease in their position. 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 90 days. 3.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SANM. 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 lifted their target price for the stock from $58.00 to $92.00 in a research 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.