Sanmina Co. (NASDAQ:SANM) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its holdings in Sanmina Co. (NASDAQ:SANM) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 222,114 shares of the electronics maker’s stock after selling 6,734 shares during the period. Sei Investments Co. owned about 0.41% of Sanmina worth $16,807,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SANM. Teacher Retirement System of Texas lifted its holdings in shares of Sanmina by 5.3% in the fourth quarter. Teacher Retirement System of Texas now owns 99,156 shares of the electronics maker’s stock valued at $7,503,000 after purchasing an additional 5,006 shares in the last quarter. Xponance Inc. raised its position in shares of Sanmina by 7.4% during the 4th quarter. Xponance Inc. now owns 4,535 shares of the electronics maker’s stock worth $343,000 after purchasing an additional 314 shares during the last quarter. William Blair Investment Management LLC lifted its stake in Sanmina by 2.4% in the 4th quarter. William Blair Investment Management LLC now owns 388,978 shares of the electronics maker’s stock valued at $29,434,000 after buying an additional 9,016 shares in the last quarter. Cibc World Markets Corp acquired a new stake in Sanmina during the 4th quarter valued at $380,000. Finally, Royce & Associates LP grew its holdings in Sanmina by 3.2% during the 4th quarter. Royce & Associates LP now owns 414,893 shares of the electronics maker’s stock valued at $31,395,000 after buying an additional 12,795 shares during the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Mario M. Rosati sold 11,391 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $86.02, for a total transaction of $979,853.82. Following the completion of the transaction, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available through 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 completion of the sale, the director now directly owns 65,408 shares in the company, valued at $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. Over the last ninety days, insiders have sold 33,405 shares of company stock worth $2,821,682. 3.22% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SANM has been the topic of several recent research reports. Bank of America upgraded Sanmina from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $58.00 to $92.00 in a research report on Wednesday, January 29th. StockNews.com lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th.

Sanmina Trading Down 1.0 %

Shares of Sanmina stock opened at $77.74 on Friday. Sanmina Co. has a fifty-two week low of $57.52 and a fifty-two week high of $91.12. The business’s fifty day moving average is $82.11 and its two-hundred day moving average is $76.78. 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 $4.22 billion, a PE ratio of 19.01, a P/E/G ratio of 1.29 and a beta of 0.85.

Sanmina declared that its Board of Directors has authorized a stock repurchase program on Monday, January 27th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the electronics maker to purchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

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.