XTX Topco Ltd Takes $889,000 Position in Sanmina Co. (NASDAQ:SANM)

XTX Topco Ltd purchased a new stake in Sanmina Co. (NASDAQ:SANM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,746 shares of the electronics maker's stock, valued at approximately $889,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Kendall Capital Management grew its stake in Sanmina by 2.0% during the fourth quarter. Kendall Capital Management now owns 6,205 shares of the electronics maker's stock worth $470,000 after buying an additional 120 shares during the period. Summit Investment Advisors Inc. raised its position in Sanmina by 2.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,620 shares of the electronics maker's stock valued at $425,000 after purchasing an additional 121 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Sanmina by 6.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,200 shares of the electronics maker's stock worth $166,000 after buying an additional 125 shares during the period. Park Avenue Securities LLC grew its stake in shares of Sanmina by 3.3% in the fourth quarter. Park Avenue Securities LLC now owns 4,008 shares of the electronics maker's stock valued at $303,000 after buying an additional 129 shares in the last quarter. Finally, Mariner LLC lifted its position in Sanmina by 3.5% during the 4th quarter. Mariner LLC now owns 4,510 shares of the electronics maker's stock worth $341,000 after acquiring an additional 152 shares in the last quarter. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Sanmina Stock Performance

Sanmina stock traded up $1.84 during mid-day trading on Tuesday, reaching $74.90. The company's stock had a trading volume of 26,947 shares, compared to its average volume of 392,255. The company has a current ratio of 2.06, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. Sanmina Co. has a twelve month low of $57.52 and a twelve month high of $91.12. The business has a 50 day moving average price of $78.14 and a 200-day moving average price of $77.76. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.29 and a beta of 1.00.

Sanmina announced that its Board of Directors has approved a stock buyback program on Monday, January 27th that permits the company to buyback $300.00 million in outstanding 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 usually an indication that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SANM shares. 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 upped their target price for the company from $58.00 to $92.00 in a research report on Wednesday, January 29th.

Insider Activity

In other news, Director Eugene A. Delaney sold 10,000 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $83.50, for a total transaction of $835,000.00. Following the completion of the transaction, the director now owns 77,120 shares in the company, valued at approximately $6,439,520. This represents a 11.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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 approximately $6,906,975.90. This trade represents a 12.42 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 33,405 shares of company stock valued at $2,821,682. Company insiders own 3.22% of the company's stock.

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.