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

Jane Street Group LLC lessened its position in Sanmina Co. (NASDAQ:SANM) by 40.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,097 shares of the electronics maker’s stock after selling 55,595 shares during the quarter. Jane Street Group LLC owned about 0.15% of Sanmina worth $5,688,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Sanmina by 24.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker’s stock valued at $56,000 after purchasing an additional 164 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Sanmina by 88.5% in the third quarter. GAMMA Investing LLC now owns 931 shares of the electronics maker’s stock valued at $64,000 after buying an additional 437 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Sanmina in the second quarter worth about $116,000. CWM LLC boosted its position in Sanmina by 40.5% during the third quarter. CWM LLC now owns 1,781 shares of the electronics maker’s stock worth $122,000 after acquiring an additional 513 shares during the last quarter. Finally, KBC Group NV grew its stake in Sanmina by 25.5% during the 3rd quarter. KBC Group NV now owns 1,811 shares of the electronics maker’s stock valued at $124,000 after acquiring an additional 368 shares in the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

Sanmina Trading Down 1.1 %

Shares of SANM opened at $80.05 on Monday. Sanmina Co. has a 12-month low of $48.83 and a 12-month high of $86.05. The firm has a market capitalization of $4.32 billion, a P/E ratio of 20.47, a P/E/G ratio of 1.35 and a beta of 0.91. The firm has a 50-day moving average price of $74.65 and a 200 day moving average price of $70.55. The company has a current ratio of 1.99, a quick ratio of 1.25 and a debt-to-equity ratio of 0.13.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.07. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the company posted $1.20 EPS. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. Sell-side analysts forecast that Sanmina Co. will post 4.84 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SANM shares. Craig Hallum raised their target price on shares of Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. StockNews.com upgraded Sanmina from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st.

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.