11,746 Shares in Sanmina Co. (NASDAQ:SANM) Bought by XTX Topco Ltd

XTX Topco Ltd bought a new stake in shares of Sanmina Co. (NASDAQ:SANM) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 11,746 shares of the electronics maker’s stock, valued at approximately $889,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Sanmina in the 4th quarter valued at about $48,823,000. Franklin Resources Inc. grew its holdings in shares of Sanmina by 39.6% during the fourth quarter. Franklin Resources Inc. now owns 1,842,302 shares of the electronics maker’s stock valued at $139,407,000 after purchasing an additional 522,534 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Sanmina by 255.9% during 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. FMR LLC lifted its holdings in shares of Sanmina by 14.2% in the 4th quarter. FMR LLC now owns 1,959,025 shares of the electronics maker’s stock worth $148,239,000 after purchasing an additional 243,258 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Sanmina by 88.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 264,829 shares of the electronics maker’s stock valued at $20,040,000 after purchasing an additional 124,190 shares during the period. 92.71% of the stock is owned by institutional investors and hedge funds.

Sanmina Stock Performance

Shares of SANM opened at $75.18 on Thursday. Sanmina Co. has a 12-month low of $57.52 and a 12-month high of $91.12. The stock has a market capitalization of $4.08 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.29 and a beta of 1.00. The firm’s 50 day moving average is $79.02 and its 200-day moving average is $77.47. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.06 and a quick ratio of 1.30.

Sanmina announced that its board has initiated a share buyback 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 reacquire up to 7.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have weighed in on SANM. Bank of America raised Sanmina from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $58.00 to $92.00 in a research report on Wednesday, January 29th. StockNews.com downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th.

Insiders Place Their Bets

In related news, Director Eugene A. Delaney sold 10,000 shares of Sanmina stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $83.50, for a total value of $835,000.00. Following the transaction, the director now owns 77,120 shares of the company’s stock, valued at approximately $6,439,520. This trade represents a 11.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mario M. Rosati sold 11,391 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $86.02, for a total value of $979,853.82. Following the sale, the director now owns 80,295 shares in the company, valued at approximately $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 have sold 33,405 shares of company stock worth $2,821,682. 3.22% of the stock is owned by 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.