BNP Paribas Financial Markets Sells 19,667 Shares of Sanmina Co. (NASDAQ:SANM)

BNP Paribas Financial Markets lowered its stake in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 69.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,766 shares of the electronics maker's stock after selling 19,667 shares during the quarter. BNP Paribas Financial Markets' holdings in Sanmina were worth $663,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in Sanmina in the 4th quarter worth $58,000. Principal Securities Inc. grew its position in Sanmina by 13.6% during the fourth quarter. Principal Securities Inc. now owns 1,388 shares of the electronics maker's stock worth $105,000 after buying an additional 166 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Sanmina by 283.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,428 shares of the electronics maker's stock valued at $108,000 after acquiring an additional 1,056 shares during the period. Sterling Capital Management LLC increased its stake in Sanmina by 843.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,726 shares of the electronics maker's stock valued at $131,000 after acquiring an additional 1,543 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in Sanmina by 6.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,200 shares of the electronics maker's stock valued at $166,000 after acquiring an additional 125 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Price Performance

SANM stock traded up $3.36 during trading on Tuesday, hitting $87.56. The company had a trading volume of 242,254 shares, compared to its average volume of 397,184. The company has a fifty day moving average price of $78.23 and a two-hundred day moving average price of $79.68. Sanmina Co. has a fifty-two week low of $61.52 and a fifty-two week high of $91.12. The company has a market cap of $4.68 billion, a P/E ratio of 21.41, a P/E/G ratio of 1.29 and a beta of 1.10. 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 (NASDAQ:SANM - Get Free Report) last issued its earnings results on Monday, April 28th. The electronics maker reported $1.41 EPS for the quarter, beating the consensus estimate of $1.38 by $0.03. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. Sanmina had a net margin of 2.99% and a return on equity of 10.61%. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.30 EPS. Equities research analysts expect that Sanmina Co. will post 5.15 earnings per share for the current fiscal year.

Sanmina announced that its Board of Directors has approved a stock repurchase program on Monday, January 27th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the electronics maker to buy up to 7.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Bank of America raised Sanmina from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $58.00 to $92.00 in a report on Wednesday, January 29th. Wall Street Zen upgraded shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Saturday.

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.