PDT Partners LLC trimmed its holdings in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 89.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,224 shares of the electronics maker's stock after selling 52,255 shares during the period. PDT Partners LLC's holdings in Sanmina were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in Sanmina by 4.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,120 shares of the electronics maker's stock worth $2,433,000 after purchasing an additional 1,845 shares during the last quarter. Atria Investments Inc bought a new stake in shares of Sanmina during the 1st quarter worth about $1,005,000. GAMMA Investing LLC boosted its stake in shares of Sanmina by 108.4% during the 2nd quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker's stock worth $33,000 after acquiring an additional 257 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Sanmina by 71.7% during the 2nd quarter. SG Americas Securities LLC now owns 11,161 shares of the electronics maker's stock worth $739,000 after acquiring an additional 4,660 shares in the last quarter. Finally, Diversified Trust Co boosted its stake in shares of Sanmina by 11.2% during the 2nd quarter. Diversified Trust Co now owns 18,774 shares of the electronics maker's stock worth $1,244,000 after acquiring an additional 1,898 shares in the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have recently issued reports on SANM shares. Craig Hallum upped their price target on Sanmina from $62.00 to $69.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. StockNews.com upgraded Sanmina from a "hold" rating to a "buy" rating in a research note on Thursday, November 21st.
Read Our Latest Stock Analysis on Sanmina
Sanmina Stock Performance
NASDAQ:SANM traded down $0.52 during mid-day trading on Wednesday, hitting $79.46. 378,212 shares of the company's stock traded hands, compared to its average volume of 421,608. The firm has a 50 day moving average of $72.72 and a two-hundred day moving average of $69.88. The company has a current ratio of 1.99, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. Sanmina Co. has a 12 month low of $48.83 and a 12 month high of $86.05. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91.
Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.07. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the company earned $1.20 EPS. The company's quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts forecast that Sanmina Co. will post 4.84 earnings per share for the current fiscal year.
Sanmina Company Profile
(
Free Report)
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.
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