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

UBS Group AG boosted its stake in Sanmina Co. (NASDAQ:SANM – Get 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, StockNews.com 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

(Get Rating)

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.