Dimensional Fund Advisors LP Has $294.30 Million Stock Holdings in Sanmina Co. (NASDAQ:SANM)

Dimensional Fund Advisors LP decreased its stake in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 7.16% of Sanmina worth $294,300,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GeoWealth Management LLC boosted its holdings in Sanmina by 3,595.0% during the fourth quarter. GeoWealth Management LLC now owns 2,956 shares of the electronics maker's stock worth $224,000 after purchasing an additional 2,876 shares during the last quarter. Bridgewater Associates LP increased its position in shares of Sanmina by 30.1% in the fourth quarter. Bridgewater Associates LP now owns 75,648 shares of the electronics maker's stock valued at $5,724,000 after acquiring an additional 17,502 shares during the last quarter. XTX Topco Ltd bought a new stake in Sanmina during the fourth quarter worth about $889,000. Mariner LLC grew its stake 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 purchasing an additional 152 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Sanmina by 2.8% during the 4th quarter. Barclays PLC now owns 95,506 shares of the electronics maker's stock worth $7,227,000 after purchasing an additional 2,643 shares in the last quarter. Institutional investors own 92.71% of the company's stock.

Insider Activity

In other Sanmina news, Director Mario M. Rosati sold 11,391 shares of the company's stock in a transaction on 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 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 filing with the SEC, which is available through this hyperlink. Also, Director Eugene A. Delaney sold 10,000 shares of Sanmina stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $83.50, for a total value of $835,000.00. Following the sale, the director now directly owns 77,120 shares of the company's stock, valued at $6,439,520. This represents a 11.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,405 shares of company stock valued at $2,821,682. 3.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SANM has been the subject of a number of recent analyst reports. StockNews.com cut shares of Sanmina from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 6th. Bank of America raised Sanmina from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $58.00 to $92.00 in a research report on Wednesday, January 29th.

Sanmina Stock Performance

Shares of SANM stock traded up $1.98 during midday trading on Friday, hitting $82.24. 273,294 shares of the company were exchanged, compared to its average volume of 391,988. The firm has a market capitalization of $4.47 billion, a P/E ratio of 20.11, a PEG ratio of 1.29 and a beta of 1.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 2.06. Sanmina Co. has a 52 week low of $57.52 and a 52 week high of $91.12. The firm's 50 day moving average price is $77.26 and its two-hundred day moving average price is $77.93.

Sanmina declared that its Board of Directors has approved a stock buyback program on Monday, January 27th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the electronics maker to purchase up to 7.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management 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.