Sanmina Co. (NASDAQ:SANM) Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. grew its holdings in Sanmina Co. (NASDAQ:SANM) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,433 shares of the electronics maker’s stock after buying an additional 475 shares during the period. Avantax Advisory Services Inc.’s holdings in Sanmina were worth $1,849,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new stake in Sanmina during the 3rd quarter valued at about $32,000. R Squared Ltd acquired a new position in shares of Sanmina during the 4th quarter worth approximately $58,000. GAMMA Investing LLC grew its position in shares of Sanmina by 37.8% in the fourth quarter. GAMMA Investing LLC now owns 1,283 shares of the electronics maker’s stock valued at $97,000 after purchasing an additional 352 shares in the last quarter. Principal Securities Inc. increased its holdings in shares of Sanmina by 13.6% in the fourth quarter. Principal Securities Inc. now owns 1,388 shares of the electronics maker’s stock valued at $105,000 after purchasing an additional 166 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Sanmina by 283.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,428 shares of the electronics maker’s stock worth $108,000 after buying an additional 1,056 shares in the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Eugene A. Delaney sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $83.50, for a total value of $835,000.00. Following the sale, the director now directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mario M. Rosati sold 11,391 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $86.02, for a total transaction of $979,853.82. Following the transaction, the director now directly owns 80,295 shares of the company’s stock, 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 a total of 33,103 shares of company stock valued at $2,798,896 in the last quarter. Insiders own 3.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SANM shares. StockNews.com cut Sanmina from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Bank of America raised shares of Sanmina from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $58.00 to $92.00 in a report on Wednesday, January 29th.

Sanmina Trading Up 0.6 %

SANM opened at $76.12 on Tuesday. The stock has a market capitalization of $4.14 billion, a PE ratio of 18.61, a P/E/G 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 quick ratio of 1.30 and a current ratio of 2.06. The business’s 50 day moving average price is $82.30 and its 200 day moving average price is $76.28.

Sanmina declared that its board has approved a share repurchase program on Monday, January 27th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the electronics maker to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are usually 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.