Dynamic Technology Lab Private Ltd Sells 26,674 Shares of Sanmina Co. (NASDAQ:SANM)

Dynamic Technology Lab Private Ltd decreased its stake in Sanmina Co. (NASDAQ:SANM - Free Report) by 82.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,818 shares of the electronics maker's stock after selling 26,674 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Sanmina were worth $440,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, Director Mario M. Rosati sold 11,391 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $86.02, for a total value of $979,853.82. Following the transaction, the director now owns 80,295 shares in the company, 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 firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $84.02, for a total transaction of $984,042.24. Following the sale, the director now owns 65,408 shares of the company's stock, valued at approximately $5,495,580.16. This represents a 15.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,405 shares of company stock worth $2,821,682. Corporate insiders own 3.22% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have weighed in on SANM shares. Bank of America upgraded Sanmina from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $58.00 to $92.00 in a research report on Wednesday, January 29th. StockNews.com downgraded shares of Sanmina from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th.

Sanmina Trading Up 1.4 %

SANM stock traded up $1.05 during mid-day trading on Monday, reaching $77.00. 36,494 shares of the stock traded hands, compared to its average volume of 392,287. Sanmina Co. has a 52-week low of $57.52 and a 52-week high of $91.12. The stock's fifty day moving average is $79.70 and its 200-day moving average is $77.44. The company has a current ratio of 2.06, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. The company has a market cap of $4.18 billion, a P/E ratio of 18.83, a P/E/G ratio of 1.29 and a beta of 1.00.

Sanmina declared that its board has authorized a share buyback program on Monday, January 27th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the electronics maker to buy up to 7.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Sanmina 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.