Sanmina Co. (NASDAQ:SANM) Stake Decreased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in Sanmina Co. (NASDAQ:SANM) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,889,232 shares of the electronics maker’s stock after selling 240,633 shares during the quarter. Dimensional Fund Advisors LP owned about 7.16% of Sanmina worth $294,300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in Sanmina in the 3rd quarter valued at about $32,000. R Squared Ltd acquired a new position in Sanmina in the 4th quarter worth approximately $58,000. GAMMA Investing LLC grew its holdings in shares of Sanmina by 37.8% during the fourth quarter. GAMMA Investing LLC now owns 1,283 shares of the electronics maker’s stock valued at $97,000 after buying an additional 352 shares in the last quarter. Principal Securities Inc. grew its stake in Sanmina by 13.6% during the 4th quarter. Principal Securities Inc. now owns 1,388 shares of the electronics maker’s stock valued at $105,000 after acquiring an additional 166 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Sanmina by 283.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,428 shares of the electronics maker’s stock valued at $108,000 after buying an additional 1,056 shares during the period. 92.71% of the stock is owned by institutional investors.

Sanmina Stock Performance

Shares of SANM opened at $74.92 on Monday. The company has a market capitalization of $4.07 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 1.29 and a beta of 1.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.06 and a quick ratio of 1.30. Sanmina Co. has a one year low of $57.52 and a one year high of $91.12. The company’s fifty day moving average price is $78.45 and its 200 day moving average price is $77.72.

Sanmina declared that its Board of Directors has initiated a stock repurchase 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 usually a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SANM. Bank of America raised Sanmina from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $58.00 to $92.00 in a research note on Wednesday, January 29th. StockNews.com lowered Sanmina from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th.

Insider Transactions at Sanmina

In other Sanmina news, Director Mario M. Rosati sold 11,391 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $86.02, for a total value of $979,853.82. Following the completion of the sale, the director now directly owns 80,295 shares of the company’s stock, valued at $6,906,975.90. This represents a 12.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eugene A. Delaney sold 11,712 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $84.02, for a total transaction of $984,042.24. Following the transaction, the director now owns 65,408 shares in the company, valued at approximately $5,495,580.16. The trade was a 15.19 % 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 worth $2,821,682. Company insiders own 3.22% of the company’s stock.

About Sanmina

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.