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

Jane Street Group LLC reduced its position in Sanmina Co. (NASDAQ:SANM - Free Report) by 85.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,873 shares of the electronics maker's stock after selling 71,224 shares during the quarter. Jane Street Group LLC's holdings in Sanmina were worth $898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC boosted its stake in Sanmina by 296.3% in the 3rd quarter. Barclays PLC now owns 92,863 shares of the electronics maker's stock worth $6,358,000 after purchasing an additional 69,431 shares during the period. Park Avenue Securities LLC grew its stake in Sanmina by 3.3% during the fourth quarter. Park Avenue Securities LLC now owns 4,008 shares of the electronics maker's stock valued at $303,000 after acquiring an additional 129 shares in the last quarter. Atomi Financial Group Inc. increased its holdings in shares of Sanmina by 5.0% in the fourth quarter. Atomi Financial Group Inc. now owns 5,028 shares of the electronics maker's stock worth $380,000 after purchasing an additional 240 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Sanmina by 6.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,200 shares of the electronics maker's stock valued at $166,000 after buying an additional 125 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Sanmina by 36.8% in the 4th quarter. SG Americas Securities LLC now owns 5,800 shares of the electronics maker's stock worth $439,000 after acquiring an additional 1,559 shares during the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Trading Down 0.8%

Shares of Sanmina stock traded down $0.67 during trading on Thursday, hitting $83.95. The stock had a trading volume of 413,001 shares, compared to its average volume of 400,139. Sanmina Co. has a 12 month low of $61.52 and a 12 month high of $91.12. 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 firm's fifty day simple moving average is $78.59 and its 200-day simple moving average is $79.77. The stock has a market cap of $4.49 billion, a PE ratio of 20.53, 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 for the quarter, topping the consensus estimate of $1.38 by $0.03. Sanmina had a return on equity of 10.61% and a net margin of 2.99%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the business posted $1.30 earnings per share. The company's revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts expect that Sanmina Co. will post 5.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SANM has been the topic of a number of recent research reports. Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Bank of America raised shares of Sanmina from an "underperform" rating to a "neutral" rating and increased their price target for the company from $58.00 to $92.00 in a report on Wednesday, January 29th.

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.