34,986 Shares in Sanmina Co. (NASDAQ:SANM) Acquired by Trexquant Investment LP

Trexquant Investment LP acquired a new stake in Sanmina Co. (NASDAQ:SANM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 34,986 shares of the electronics maker's stock, valued at approximately $2,647,000. Trexquant Investment LP owned 0.06% of Sanmina at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors lifted its position in Sanmina by 19.7% during the 3rd quarter. Captrust Financial Advisors now owns 7,689 shares of the electronics maker's stock worth $526,000 after acquiring an additional 1,268 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Sanmina during the third quarter worth $425,000. Quantinno Capital Management LP boosted its stake in shares of Sanmina by 11.0% in the third quarter. Quantinno Capital Management LP now owns 3,649 shares of the electronics maker's stock valued at $250,000 after purchasing an additional 362 shares during the period. Barclays PLC grew its holdings in Sanmina by 296.3% during the 3rd quarter. Barclays PLC now owns 92,863 shares of the electronics maker's stock valued at $6,358,000 after purchasing an additional 69,431 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Sanmina by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,515,128 shares of the electronics maker's stock worth $103,727,000 after buying an additional 35,622 shares during the period. Institutional investors and hedge funds own 92.71% of the company's stock.

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Sanmina Stock Up 1.8 %

SANM traded up $1.31 during trading on Friday, hitting $75.95. The company had a trading volume of 301,847 shares, compared to its average volume of 393,039. The company has a market cap of $4.13 billion, a PE ratio of 18.57, a P/E/G 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 1-year low of $57.52 and a 1-year high of $91.12. The business has a 50-day moving average of $79.70 and a 200-day moving average of $77.38.

Sanmina declared that its board has approved a stock buyback plan on Monday, January 27th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the electronics maker to repurchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its stock is undervalued.

Insider Activity

In other Sanmina news, Director Eugene A. Delaney sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $83.50, for a total transaction of $835,000.00. Following the sale, the director now owns 77,120 shares in the company, valued at $6,439,520. This represents a 11.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mario M. Rosati sold 11,391 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $6,906,975.90. This represents a 12.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,405 shares of company stock worth $2,821,682. 3.22% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SANM has been the subject of a number of analyst reports. StockNews.com cut shares of Sanmina from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Bank of America raised Sanmina from an "underperform" rating to a "neutral" rating and increased 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.