Sanmina Co. (NASDAQ:SANM) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its stake in Sanmina Co. (NASDAQ:SANM) by 40.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 83,097 shares of the electronics maker’s stock after selling 55,595 shares during the quarter. Jane Street Group LLC’s holdings in Sanmina were worth $5,688,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Citigroup Inc. lifted its stake in Sanmina by 64.6% during the third quarter. Citigroup Inc. now owns 73,938 shares of the electronics maker’s stock worth $5,061,000 after purchasing an additional 29,028 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Sanmina in the 3rd quarter valued at $2,224,000. Oppenheimer Asset Management Inc. lifted its stake in Sanmina by 40.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 34,692 shares of the electronics maker’s stock worth $2,298,000 after acquiring an additional 10,000 shares in the last quarter. Caxton Associates LP boosted its holdings in Sanmina by 365.9% during the 2nd quarter. Caxton Associates LP now owns 22,276 shares of the electronics maker’s stock valued at $1,476,000 after acquiring an additional 17,495 shares during the period. Finally, Global Alpha Capital Management Ltd. grew its position in Sanmina by 19.4% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 922,391 shares of the electronics maker’s stock valued at $63,138,000 after acquiring an additional 149,600 shares in the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SANM. StockNews.com raised shares of Sanmina from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Craig Hallum raised their price target on shares of Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th.

Sanmina Stock Performance

Shares of SANM opened at $80.05 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.25 and a current ratio of 1.99. Sanmina Co. has a 1 year low of $48.83 and a 1 year high of $86.05. The stock has a market capitalization of $4.32 billion, a PE ratio of 20.47, a PEG ratio of 1.35 and a beta of 0.91. The stock has a 50-day simple moving average of $74.65 and a 200-day simple moving average of $70.55.

Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, November 4th. The electronics maker reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the firm posted $1.20 earnings per share. The company’s revenue was down 1.6% compared to the same quarter last year. On average, analysts predict that Sanmina Co. will post 4.84 earnings per share for the current fiscal year.

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.