Barclays PLC Acquires 69,431 Shares of Sanmina Co. (NASDAQ:SANM)

Barclays PLC grew its stake in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 296.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 92,863 shares of the electronics maker's stock after buying an additional 69,431 shares during the quarter. Barclays PLC owned 0.17% of Sanmina worth $6,358,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. FMR LLC raised its position in Sanmina by 5.0% during the third quarter. FMR LLC now owns 1,715,767 shares of the electronics maker's stock valued at $117,444,000 after purchasing an additional 82,409 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Sanmina by 8.0% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,168,289 shares of the electronics maker's stock valued at $77,399,000 after buying an additional 86,492 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its position in Sanmina by 19.4% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 922,391 shares of the electronics maker's stock worth $63,138,000 after buying an additional 149,600 shares during the last quarter. American Century Companies Inc. boosted its stake in Sanmina by 14.0% in the second quarter. American Century Companies Inc. now owns 875,132 shares of the electronics maker's stock worth $57,977,000 after buying an additional 107,474 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Sanmina by 11.5% during the second quarter. Bank of New York Mellon Corp now owns 578,458 shares of the electronics maker's stock valued at $38,323,000 after acquiring an additional 59,849 shares during the last quarter. 92.71% of the stock is owned by institutional investors.

Sanmina Trading Down 0.3 %

Sanmina stock traded down $0.26 during trading hours on Friday, reaching $76.62. The company had a trading volume of 1,309,183 shares, compared to its average volume of 421,970. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.99 and a quick ratio of 1.25. Sanmina Co. has a 12-month low of $48.83 and a 12-month high of $86.05. The company has a 50-day moving average price of $75.77 and a 200 day moving average price of $70.89. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 1.35 and a beta of 0.91.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its earnings results on Monday, November 4th. The electronics maker reported $1.43 EPS for the quarter, topping the consensus estimate of $1.36 by $0.07. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.96 billion. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 earnings per share. Equities analysts forecast that Sanmina Co. will post 4.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

SANM has been the subject of a number of research reports. Craig Hallum upped their price objective on shares of Sanmina from $62.00 to $69.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. StockNews.com raised shares of Sanmina from a "hold" rating to a "buy" rating in a research note on Thursday, November 21st.

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.