Jump Financial LLC Raises Holdings in Sanmina Co. (NASDAQ:SANM)

Jump Financial LLC increased its position in Sanmina Co. (NASDAQ:SANM - Free Report) by 69.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,700 shares of the electronics maker's stock after buying an additional 13,800 shares during the quarter. Jump Financial LLC owned about 0.06% of Sanmina worth $1,731,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SANM. BNP Paribas Financial Markets lifted its holdings in shares of Sanmina by 75.9% during the fourth quarter. BNP Paribas Financial Markets now owns 88,207 shares of the electronics maker's stock valued at $4,531,000 after purchasing an additional 38,047 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of Sanmina during the 4th quarter worth $64,000. Charles Schwab Investment Management Inc. lifted its position in shares of Sanmina by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 583,257 shares of the electronics maker's stock worth $29,962,000 after buying an additional 13,120 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Sanmina by 5.9% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,533 shares of the electronics maker's stock worth $233,000 after purchasing an additional 252 shares during the last quarter. Finally, SummerHaven Investment Management LLC raised its holdings in Sanmina by 1.9% in the 4th quarter. SummerHaven Investment Management LLC now owns 11,473 shares of the electronics maker's stock worth $589,000 after acquiring an additional 212 shares during the period. Institutional investors own 92.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Craig Hallum reiterated a "hold" rating and set a $62.00 price target on shares of Sanmina in a research note on Tuesday, April 30th. Fox Advisors assumed coverage on shares of Sanmina in a research note on Wednesday, March 6th. They set an "overweight" rating and a $80.00 price target for the company.

Sanmina Stock Performance

Shares of SANM traded up $0.24 during mid-day trading on Wednesday, reaching $65.95. The company's stock had a trading volume of 249,554 shares, compared to its average volume of 478,912. The company has a current ratio of 2.00, a quick ratio of 1.25 and a debt-to-equity ratio of 0.13. Sanmina Co. has a 1-year low of $43.40 and a 1-year high of $69.69. The business has a 50-day simple moving average of $61.54 and a two-hundred day simple moving average of $56.32. The stock has a market cap of $3.66 billion, a P/E ratio of 15.59, a PEG ratio of 0.99 and a beta of 1.01.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings results on Monday, April 29th. The electronics maker reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.09 by $0.21. Sanmina had a net margin of 3.11% and a return on equity of 11.98%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the business earned $1.37 EPS. Sanmina's quarterly revenue was down 20.9% on a year-over-year basis. As a group, equities research analysts anticipate that Sanmina Co. will post 4.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Susan A. Johnson sold 1,000 shares of the firm's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $60.64, for a total transaction of $60,640.00. Following the transaction, the director now directly owns 7,811 shares of the company's stock, valued at $473,659.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Sanmina news, Director Susan A. Johnson sold 1,000 shares of the company's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $60.64, for a total transaction of $60,640.00. Following the completion of the sale, the director now directly owns 7,811 shares in the company, valued at $473,659.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eugene A. Delaney sold 7,181 shares of the firm's stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $64.91, for a total transaction of $466,118.71. Following the completion of the sale, the director now owns 100,887 shares in the company, valued at $6,548,575.17. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,575 shares of company stock valued at $550,403. Insiders own 3.09% of the company's stock.

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.