BNP Paribas Financial Markets Reduces Position in Sanmina Co. (NASDAQ:SANM)

BNP Paribas Financial Markets lessened its position in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 48.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,433 shares of the electronics maker's stock after selling 26,332 shares during the quarter. BNP Paribas Financial Markets owned 0.05% of Sanmina worth $1,946,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FMR LLC raised its position in Sanmina by 5.0% in the third quarter. FMR LLC now owns 1,715,767 shares of the electronics maker's stock worth $117,444,000 after acquiring an additional 82,409 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Sanmina in the 3rd quarter worth $2,224,000. Citigroup Inc. lifted its position in Sanmina by 64.6% during the third quarter. Citigroup Inc. now owns 73,938 shares of the electronics maker's stock valued at $5,061,000 after purchasing an additional 29,028 shares in the last quarter. Intech Investment Management LLC lifted its position in Sanmina by 34.3% during the third quarter. Intech Investment Management LLC now owns 26,405 shares of the electronics maker's stock valued at $1,807,000 after purchasing an additional 6,739 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. grew its holdings in Sanmina by 19.4% during the third quarter. Global Alpha Capital Management Ltd. now owns 922,391 shares of the electronics maker's stock valued at $63,138,000 after purchasing an additional 149,600 shares during the period. Institutional investors own 92.71% of the company's stock.

Sanmina Price Performance

Shares of Sanmina stock traded down $0.60 during trading hours on Friday, hitting $78.53. The company's stock had a trading volume of 165,567 shares, compared to its average volume of 337,690. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.99. The company has a market cap of $4.23 billion, a PE ratio of 20.08, a PEG ratio of 1.34 and a beta of 0.91. The business has a 50 day moving average price of $73.36 and a two-hundred day moving average price of $70.11. Sanmina Co. has a 12-month low of $48.83 and a 12-month high of $86.05.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.07. The firm had revenue of $2.02 billion during the quarter, compared to analysts' expectations of $1.96 billion. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. The business's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 earnings per share. Analysts expect that Sanmina Co. will post 4.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SANM shares. StockNews.com raised Sanmina from a "hold" rating to a "buy" rating in a research note on Thursday, November 21st. Craig Hallum lifted their price target on shares of Sanmina from $62.00 to $69.00 and gave the company a "hold" rating in a report on Tuesday, November 5th.

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.