Sanmina Co. (NASDAQ:SANM) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC raised its stake in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 60.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 40,546 shares of the electronics maker's stock after acquiring an additional 15,197 shares during the period. Squarepoint Ops LLC owned approximately 0.07% of Sanmina worth $3,068,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC lifted its stake in Sanmina by 296.3% during the 3rd quarter. Barclays PLC now owns 92,863 shares of the electronics maker's stock valued at $6,358,000 after acquiring an additional 69,431 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Sanmina by 32.4% in the 4th quarter. JPMorgan Chase & Co. now owns 675,191 shares of the electronics maker's stock worth $51,092,000 after purchasing an additional 165,285 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Sanmina by 6.0% in the 4th 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 period. Raymond James Financial Inc. bought a new position in shares of Sanmina in the 4th quarter worth approximately $2,644,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Sanmina by 9.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 106,247 shares of the electronics maker's stock worth $8,018,000 after purchasing an additional 8,962 shares during the period. Institutional investors own 92.71% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th.

Sanmina Price Performance

SANM traded up $0.47 during trading on Friday, reaching $84.42. 674,691 shares of the company traded hands, compared to its average volume of 401,808. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 2.06. Sanmina Co. has a 12-month low of $61.52 and a 12-month high of $91.12. The firm has a fifty day simple moving average of $78.70 and a 200 day simple moving average of $79.80. The company has a market cap of $4.51 billion, a P/E ratio of 20.64, a PEG ratio of 1.29 and a beta of 1.10.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The electronics maker reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.03. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.97 billion. Sanmina had a return on equity of 10.61% and a net margin of 2.99%. Sanmina's revenue was up 8.1% on a year-over-year basis. During the same period last year, the company earned $1.30 earnings per share. On average, equities analysts forecast that Sanmina Co. will post 5.15 EPS for the current 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.