Dimensional Fund Advisors LP Sells 240,633 Shares of Sanmina Co. (NASDAQ:SANM)

Dimensional Fund Advisors LP reduced its stake in Sanmina Co. (NASDAQ:SANM) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,889,232 shares of the electronics maker’s stock after selling 240,633 shares during the period. Dimensional Fund Advisors LP owned approximately 0.07% of Sanmina worth $294,300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of SANM. Kendall Capital Management boosted 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 buying an additional 120 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Sanmina by 2.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,620 shares of the electronics maker’s stock worth $425,000 after purchasing an additional 121 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Sanmina by 6.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,200 shares of the electronics maker’s stock worth $166,000 after purchasing an additional 125 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in Sanmina by 3.3% during the 4th quarter. Park Avenue Securities LLC now owns 4,008 shares of the electronics maker’s stock valued at $303,000 after purchasing an additional 129 shares during the last quarter. Finally, Mariner LLC boosted its position in Sanmina by 3.5% in the fourth quarter. Mariner LLC now owns 4,510 shares of the electronics maker’s stock valued at $341,000 after buying an additional 152 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors.

Insider Activity

In other Sanmina news, Director Eugene A. Delaney sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $83.50, for a total transaction of $835,000.00. Following the completion of the sale, the director now directly owns 77,120 shares of the company’s stock, valued at approximately $6,439,520. The trade was a 11.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mario M. Rosati sold 11,391 shares of the business’s stock in a transaction that occurred 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 trade represents a 12.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,405 shares of company stock valued at $2,821,682 over the last three months. 3.22% of the stock is owned by insiders.

Sanmina Stock Down 0.3 %

Shares of NASDAQ:SANM opened at $74.92 on Monday. The company has a quick ratio of 1.30, a current ratio of 2.06 and a debt-to-equity ratio of 0.12. The firm has a market cap of $4.07 billion, a P/E ratio of 18.32, a P/E/G ratio of 1.29 and a beta of 1.00. Sanmina Co. has a 12 month low of $57.52 and a 12 month high of $91.12. The company’s 50-day moving average price is $78.45 and its two-hundred day moving average price is $77.72.

Sanmina declared that its board has authorized a share buyback plan on Monday, January 27th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the electronics maker to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

Sanmina Company 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.