First Hawaiian Bank recently announced its acquisition of a new position in shares of Sanmina Co. (NASDAQ:SANM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The bank obtained 7,300 shares of the electronics maker’s stock, which are currently valued at approximately $440,000.
In other news related to Sanmina Co., CEO Jure Sola sold 129,762 shares of the company’s stock in a transaction that took place on Friday, August 18th. These shares were sold at an average price of $54.20, resulting in a total value of $7,033,100.40. Following this transaction, the chief executive officer now owns 1,038,144 shares in the company, equating to an approximate value of $56,267,404.80. This sale was disclosed through a document filed with the SEC and can be accessed through their website.
Additionally, CEO Jure Sola participated in another transaction on Friday, August 18th where he sold 129,762 shares of Sanmina Co.’s stock at an average price of $54.20 for a total value of $7,033,100.40. With this sale completed, the chief executive officer now directly holds 1,038,144 shares in the company’s stock with an estimated value of approximately $56,267-,404-.80-. A legal filing with the SEC provides information about this transaction and is publicly available on their website.
Another executive involved in stock sales is EVP Alan Mcwilliams Reid who sold 5,344 shares of Sanmina Co.’s stock in a transaction dated Thursday Augsut 31st. The average price per share was recorded as $55.92 resulting in a total value for those sold shares being equal to $298,,836|.48|.. Following this transaction completion| upon completion of this sale| subsequent to the sale’s conclusion}, the executive vice president now directly holds 27,000 shares of the company’s stock valued at $1,509,840. The disclosure for this sale can be found in the link provided.
Over the last quarter, insiders collectively sold 136,472 shares of Sanmina Co.’s stock which had an estimated worth of $7,407,326. It should also be noted that corporate insiders currently own 3.03% of the company’s stock.
These developments in Sanmina Co.’s stock ownership and sales by key executives provide important insights into the company’s financial activities and strategic decisions. As always, investors and stakeholders are encouraged to thoroughly examine these actions and consider them within the larger context of the company’s performance and market conditions.
Please note that all information is based on available records from September 18th, 2023.
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Hedge Funds and Institutional Investors Show Confidence in Sanmina as Stock Ownership Rises
In recent months, several hedge funds and institutional investors have been actively buying and selling shares of electronics maker Sanmina (NASDAQ:SANM). Citigroup Inc. has increased its stake in the company by 3.2% during the first quarter, now owning 66,456 shares worth $2,686,000 after purchasing an additional 2,060 shares. Similarly, MetLife Investment Management LLC saw a substantial increase of 43.6% in their position in Sanmina during the same period, now holding 32,196 shares valued at $1,301,000 after acquiring an additional 9,768 shares. Another notable investor is Commonwealth of Pennsylvania Public School Empls Retrmt SYS., which now owns 54,791 shares valued at $2,215,000 after adding 6,135 shares to their portfolio.
Great West Life Assurance Co. Can also saw a modest increase of 2.2% in its position in Sanmina during the first quarter. The company currently owns 56,784 shares valued at $2,356,000 after acquiring an additional 1,216 shares. Allianz Asset Management GmbH joined the group as well with an increase of 8.6% in their positionnow owning a total of 200,520 shares valued at $8,105000 after acquiring an additional 15,959 shares.
It is noteworthy that as much as 90.26% of Sanmina’s stock is currently owned by institutional investors and hedge fundsan indication of market confidence in the company’s future prospects.
In other news related to Sanmina’s performance and outlook for investment opportunities, StockNews.com initiated coverage on Sanmina on Thursday August 17th and issued a “buy” rating for the company.
Moving onto present stock market figures for Sanmina (NASDAQ:SANM), it opened at $52.21 on Mondaya fluctuation from its 52-week low of $44.29 to a high of $69.28. The company currently boasts a market capitalization of $3.04 billion, with a price earnings (PE) ratio of 10.10 and a beta of 1.20a measure indicating the volatility of the stock in relation to the overall market.
In terms of liquidity, Sanmina has a quick ratio of 1.14 and a current ratio o
