Sanmina Co. (NASDAQ:SANM) Shares Sold by State Street Corp

State Street Corp decreased its position in shares of Sanmina Co. (NASDAQ:SANM) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,319,821 shares of the electronics maker’s stock after selling 39,698 shares during the period. State Street Corp owned about 4.24% of Sanmina worth $158,792,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Quantinno Capital Management LP lifted its stake in Sanmina by 11.0% during the 3rd quarter. Quantinno Capital Management LP now owns 3,649 shares of the electronics maker’s stock worth $250,000 after acquiring an additional 362 shares in the last quarter. Paloma Partners Management Co acquired a new stake in Sanmina in the 3rd quarter valued at about $219,000. Edgestream Partners L.P. acquired a new stake in Sanmina in the 3rd quarter valued at about $876,000. Verition Fund Management LLC acquired a new stake in Sanmina in the 3rd quarter valued at about $425,000. Finally, Captrust Financial Advisors raised its position in Sanmina by 19.7% in the 3rd quarter. Captrust Financial Advisors now owns 7,689 shares of the electronics maker’s stock valued at $526,000 after purchasing an additional 1,268 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Craig Hallum increased their price target on Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. StockNews.com raised Sanmina from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st.

Sanmina Trading Down 1.1 %

SANM opened at $80.05 on Friday. Sanmina Co. has a one year low of $48.83 and a one year high of $86.05. The company has a market cap of $4.32 billion, a P/E ratio of 20.48, a PEG ratio of 1.35 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.25 and a current ratio of 1.99. The business’s 50-day simple moving average is $74.39 and its 200-day simple moving average is $70.44.

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

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.