TFG Advisers LLC Purchases 202 Shares of Sanmina Co. (NASDAQ:SANM)

TFG Advisers LLC lifted its position in shares of Sanmina Co. (NASDAQ:SANM) by 4.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,381 shares of the electronics maker’s stock after buying an additional 202 shares during the quarter. TFG Advisers LLC’s holdings in Sanmina were worth $332,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SANM. Citigroup Inc. boosted its stake in Sanmina by 64.6% during the 3rd quarter. Citigroup Inc. now owns 73,938 shares of the electronics maker’s stock valued at $5,061,000 after purchasing an additional 29,028 shares during the last quarter. Geode Capital Management LLC boosted 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 valued at $103,727,000 after buying an additional 35,622 shares during the last quarter. Barclays PLC increased its holdings in Sanmina by 296.3% in the 3rd quarter. Barclays PLC now owns 92,863 shares of the electronics maker’s stock worth $6,358,000 after buying an additional 69,431 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Sanmina in the 3rd quarter worth about $2,224,000. Finally, JPMorgan Chase & Co. lifted its stake in Sanmina by 255.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 509,906 shares of the electronics maker’s stock valued at $34,903,000 after acquiring an additional 366,653 shares during the period. Institutional investors own 92.71% of the company’s stock.

Sanmina Trading Down 1.7 %

Shares of Sanmina stock opened at $86.33 on Friday. Sanmina Co. has a 1-year low of $57.28 and a 1-year high of $90.78. The company’s fifty day simple moving average is $80.08 and its 200-day simple moving average is $73.96. 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 stock has a market capitalization of $4.69 billion, a PE ratio of 21.11, a P/E/G ratio of 1.28 and a beta of 0.92.

Sanmina announced that its Board of Directors has approved a stock 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 repurchase up to 7.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Sanmina news, Director Eugene A. Delaney sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $83.50, for a total transaction of $835,000.00. Following the sale, the director now owns 77,120 shares in the company, valued at approximately $6,439,520. This trade represents a 11.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.22% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. StockNews.com lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Craig Hallum lifted their price objective on Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, Bank of America raised Sanmina from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $58.00 to $92.00 in a research report on Wednesday, January 29th.

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.