Sanctuary Advisors LLC Sells 18,883 Shares of Sanmina Co. (NASDAQ:SANM)

Sanctuary Advisors LLC trimmed its position in Sanmina Co. (NASDAQ:SANM - Free Report) by 82.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,049 shares of the electronics maker's stock after selling 18,883 shares during the period. Sanctuary Advisors LLC's holdings in Sanmina were worth $277,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in Sanmina in the 3rd quarter valued at $311,000. Geode Capital Management LLC increased its stake in shares of Sanmina by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,515,128 shares of the electronics maker's stock worth $103,727,000 after purchasing an additional 35,622 shares during the last quarter. Barclays PLC raised its holdings in shares of 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. Weiss Asset Management LP lifted its stake in Sanmina by 590.7% in the third quarter. Weiss Asset Management LP now owns 381,158 shares of the electronics maker's stock valued at $26,090,000 after purchasing an additional 325,974 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in Sanmina by 11.0% during the third quarter. Quantinno Capital Management LP now owns 3,649 shares of the electronics maker's stock valued at $250,000 after purchasing an additional 362 shares during the period. Hedge funds and other institutional investors own 92.71% of the company's stock.

Wall Street Analyst Weigh In

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

Sanmina Price Performance

SANM stock traded down $1.54 during mid-day trading on Friday, hitting $76.64. 165,074 shares of the stock were exchanged, compared to its average volume of 417,557. The business has a fifty day moving average price of $76.76 and a 200 day moving average price of $71.35. Sanmina Co. has a 12 month low of $48.83 and a 12 month high of $86.05. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.99 and a quick ratio of 1.25. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 1.35 and a beta of 0.91.

Sanmina (NASDAQ:SANM - Get Free Report) last released its earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share 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 in the previous year, the company posted $1.20 EPS. Sanmina's quarterly revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Sanmina Co. will post 4.84 EPS for the current year.

About Sanmina

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.