2,945 Shares in Sanmina Co. (NASDAQ:SANM) Bought by EntryPoint Capital LLC

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

Several other institutional investors have also added to or reduced their stakes in the business. Kendall Capital Management lifted its stake in shares of Sanmina by 2.0% in the 4th quarter. Kendall Capital Management now owns 6,205 shares of the electronics maker’s stock valued at $470,000 after acquiring an additional 120 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Sanmina by 6.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,200 shares of the electronics maker’s stock valued at $166,000 after purchasing an additional 125 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Sanmina by 3.3% during the fourth quarter. Park Avenue Securities LLC now owns 4,008 shares of the electronics maker’s stock valued at $303,000 after purchasing an additional 129 shares during the period. Principal Securities Inc. grew 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 worth $105,000 after purchasing an additional 166 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Sanmina by 3.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,501 shares of the electronics maker’s stock worth $416,000 after buying an additional 185 shares during the period. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sanmina

In other Sanmina news, Director Mario M. Rosati sold 11,391 shares of the firm’s stock in a transaction dated 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 in the company, 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 filing with the SEC, which is available at this link. Also, Director Eugene A. Delaney sold 10,000 shares of Sanmina stock in a transaction that occurred on 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,405 shares of company stock valued at $2,821,682. Company insiders own 3.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Bank of America raised shares of Sanmina from an “underperform” rating to a “neutral” rating and increased their price target for the company from $58.00 to $92.00 in a research 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.

Sanmina Stock Performance

Shares of SANM stock opened at $76.65 on Friday. The firm has a market capitalization 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 stock has a fifty day moving average of $81.99 and a 200 day moving average of $76.96. Sanmina Co. has a 52 week low of $57.52 and a 52 week high of $91.12. 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 of Directors has approved a stock repurchase plan on Monday, January 27th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the electronics maker to reacquire up to 7.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is 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.