Sanmina Co. (NASDAQ:SANM) Shares Bought by William Blair Investment Management LLC

William Blair Investment Management LLC raised its holdings in Sanmina Co. (NASDAQ:SANM) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 388,978 shares of the electronics maker’s stock after acquiring an additional 9,016 shares during the quarter. William Blair Investment Management LLC owned 0.72% of Sanmina worth $29,434,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Citigroup Inc. lifted its holdings in Sanmina by 64.6% in the 3rd 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 during the last quarter. Geode Capital Management LLC lifted its holdings 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 valued at $103,727,000 after acquiring an additional 35,622 shares during the last quarter. Barclays PLC lifted its stake in Sanmina by 296.3% during the third quarter. Barclays PLC now owns 92,863 shares of the electronics maker’s stock valued at $6,358,000 after buying an additional 69,431 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Sanmina during the third quarter valued at about $2,224,000. Finally, JPMorgan Chase & Co. lifted its stake in Sanmina by 255.9% during the third quarter. JPMorgan Chase & Co. now owns 509,906 shares of the electronics maker’s stock valued at $34,903,000 after buying an additional 366,653 shares in the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sanmina

In other news, 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 value of $979,853.82. Following the completion of the sale, the director now directly owns 80,295 shares of the company’s stock, valued at $6,906,975.90. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eugene A. Delaney sold 11,712 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $84.02, for a total transaction of $984,042.24. Following the completion of the sale, the director now directly owns 65,408 shares of the company’s stock, valued at $5,495,580.16. This trade represents a 15.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,103 shares of company stock valued at $2,798,896 over the last three months. 3.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SANM. StockNews.com lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note 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 research note on Wednesday, January 29th.

Sanmina Price Performance

NASDAQ SANM opened at $76.19 on Wednesday. The company has a 50 day simple moving average of $82.28 and a 200-day simple moving average of $76.33. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.06 and a quick ratio of 1.30. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 1.29 and a beta of 0.85. Sanmina Co. has a 52-week low of $57.52 and a 52-week high of $91.12.

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 outstanding shares. This repurchase authorization permits the electronics maker to buy up to 7.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.