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

BNP Paribas Financial Markets cut its holdings in Sanmina Co. (NASDAQ:SANM - Free Report) by 69.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,766 shares of the electronics maker's stock after selling 19,667 shares during the period. BNP Paribas Financial Markets' holdings in Sanmina were worth $663,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SANM. Kendall Capital Management increased its holdings in shares of Sanmina by 2.0% in 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. grew its position in shares of Sanmina by 2.2% during 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 in the last quarter. Nisa Investment Advisors LLC lifted its stake in 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 purchasing an additional 125 shares during the last quarter. Park Avenue Securities LLC raised its position in Sanmina by 3.3% during the 4th quarter. Park Avenue Securities LLC now owns 4,008 shares of the electronics maker's stock valued at $303,000 after purchasing an additional 129 shares in the last quarter. Finally, Mariner LLC grew its stake 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 buying an additional 152 shares during the last quarter. Institutional investors own 92.71% of the company's stock.

Analysts Set New Price Targets

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

Sanmina Stock Down 0.6%

NASDAQ:SANM traded down $0.53 during mid-day trading on Wednesday, reaching $86.08. The stock had a trading volume of 51,835 shares, compared to its average volume of 417,310. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.06 and a quick ratio of 1.30. The stock's 50 day simple moving average is $78.40 and its two-hundred day simple moving average is $79.73. Sanmina Co. has a 1-year low of $61.52 and a 1-year high of $91.12. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 1.29 and a beta of 1.10.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The electronics maker reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.03. Sanmina had a return on equity of 10.61% and a net margin of 2.99%. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. The company's quarterly revenue was up 8.1% compared to the same quarter last year. Equities analysts anticipate that Sanmina Co. will post 5.15 EPS for the current 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.