Headlands Technologies LLC Sells 627 Shares of Sanmina Co. (NASDAQ:SANM)

Headlands Technologies LLC decreased its holdings in Sanmina Co. (NASDAQ:SANM) by 16.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,154 shares of the electronics maker’s stock after selling 627 shares during the period. Headlands Technologies LLC’s holdings in Sanmina were worth $239,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Kendall Capital Management raised its stake in 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 period. Nisa Investment Advisors LLC raised its position in shares of 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 period. Park Avenue Securities LLC lifted its stake in shares of Sanmina by 3.3% during the 4th quarter. Park Avenue Securities LLC now owns 4,008 shares of the electronics maker’s stock worth $303,000 after buying an additional 129 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of Sanmina by 13.6% during the 4th quarter. Principal Securities Inc. now owns 1,388 shares of the electronics maker’s stock worth $105,000 after buying an additional 166 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in Sanmina by 3.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,501 shares of the electronics maker’s stock valued at $416,000 after buying an additional 185 shares during 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 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 sale, the director now directly owns 80,295 shares of the company’s stock, valued at approximately $6,906,975.90. This represents a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eugene A. Delaney sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $83.50, for a total value of $835,000.00. Following the completion of the transaction, the director now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,405 shares of company stock valued at $2,821,682. 3.22% of the stock is currently owned by company insiders.

Sanmina Price Performance

NASDAQ:SANM opened at $67.30 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 2.06. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 16.45, a P/E/G 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. The firm’s 50-day simple moving average is $80.94 and its 200 day simple moving average is $77.13.

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

Wall Street Analyst Weigh In

SANM has been the subject of several research reports. Bank of America upgraded shares of Sanmina from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $58.00 to $92.00 in a research report on Wednesday, January 29th. StockNews.com cut Sanmina from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th.

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.