Sanmina Co. (NASDAQ:SANM) Shares Acquired by UBS Group AG

UBS Group AG boosted its stake in Sanmina Co. (NASDAQ:SANMGet Rating) by 54.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150,357 shares of the electronics maker’s stock after acquiring an additional 52,982 shares during the period. UBS Group AG owned 0.26% of Sanmina worth $8,614,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new position in Sanmina in the 4th quarter valued at about $38,000. Exchange Traded Concepts LLC acquired a new position in Sanmina in the 4th quarter valued at about $48,000. Quantbot Technologies LP acquired a new position in Sanmina in the 3rd quarter valued at about $43,000. US Bancorp DE increased its position in Sanmina by 44.1% in the 3rd quarter. US Bancorp DE now owns 1,137 shares of the electronics maker’s stock valued at $53,000 after acquiring an additional 348 shares during the period. Finally, Van ECK Associates Corp acquired a new position in Sanmina in the 4th quarter valued at about $105,000. Institutional investors and hedge funds own 91.22% of the company’s stock.

Wall Street Analyst Weigh In

Separately, lowered Sanmina from a “strong-buy” rating to a “buy” rating in a report on Friday, May 12th.

Sanmina Price Performance

Shares of NASDAQ:SANM opened at $51.93 on Wednesday. The business’s 50 day simple moving average is $54.91 and its 200-day simple moving average is $59.22. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 10.03 and a beta of 1.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.79 and a quick ratio of 1.10. Sanmina Co. has a 12 month low of $38.36 and a 12 month high of $69.28.

Sanmina announced that its Board of Directors has approved a stock buyback program on Thursday, May 11th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the electronics maker to buy up to 6.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

About Sanmina

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Sanmina Corp. engages in the provision of integrated manufacturing solutions, components, products and repair, logistics and after-market services. It operates through the following segments: Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). The IMS segment consists of printed circuit board assembly and test, final system assembly and test and direct-order-fulfillment.

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Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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