EntryPoint Capital LLC Acquires Shares of 2,945 Sanmina Co. (NASDAQ:SANM)

EntryPoint Capital LLC bought a new stake in Sanmina Co. (NASDAQ:SANM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,945 shares of the electronics maker’s stock, valued at approximately $223,000.

A number of other institutional investors have also recently made changes to their positions in SANM. FMR LLC lifted its stake in shares of Sanmina by 5.0% during the 3rd quarter. FMR LLC now owns 1,715,767 shares of the electronics maker’s stock valued at $117,444,000 after buying an additional 82,409 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Sanmina by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,515,128 shares of the electronics maker’s stock worth $103,727,000 after acquiring an additional 35,622 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Sanmina by 6.4% in the third quarter. Franklin Resources Inc. now owns 1,319,768 shares of the electronics maker’s stock worth $89,018,000 after acquiring an additional 79,565 shares during the period. Allianz Asset Management GmbH grew its position in shares of Sanmina by 13.8% in the fourth quarter. Allianz Asset Management GmbH now owns 663,923 shares of the electronics maker’s stock valued at $50,239,000 after purchasing an additional 80,574 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Sanmina by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 610,067 shares of the electronics maker’s stock valued at $46,164,000 after purchasing an additional 3,330 shares during the period. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Sanmina Price Performance

Sanmina stock opened at $76.65 on Friday. The business has a 50-day simple moving average of $81.99 and a 200 day simple moving average of $76.96. Sanmina Co. has a 52 week low of $57.52 and a 52 week high of $91.12. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.29 and a beta of 0.85. The company has a quick ratio of 1.30, a current ratio of 2.06 and a debt-to-equity ratio of 0.12.

Sanmina declared that its board has initiated a share repurchase program on Monday, January 27th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the electronics maker to repurchase up to 7.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

SANM has been the subject of a number of recent analyst reports. Bank of America raised Sanmina from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $58.00 to $92.00 in a report on Wednesday, January 29th. StockNews.com lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th.

Insider Transactions at Sanmina

In other Sanmina news, Director Eugene A. Delaney sold 11,712 shares of Sanmina stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 in the company, valued at $5,495,580.16. The trade was a 15.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mario M. Rosati sold 11,391 shares of the stock in a transaction on Friday, February 21st. The stock was 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 directly owns 80,295 shares in the company, 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. Over the last 90 days, insiders sold 33,405 shares of company stock valued at $2,821,682. 3.22% of the stock is owned by corporate insiders.

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.