Jane Street Group LLC Cuts Stock Holdings in Sanmina Co. (NASDAQ:SANM)

Jane Street Group LLC cut its position in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 40.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,097 shares of the electronics maker's stock after selling 55,595 shares during the period. Jane Street Group LLC owned approximately 0.15% of Sanmina worth $5,688,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Weiss Asset Management LP raised its holdings in shares of Sanmina by 590.7% during the 3rd quarter. Weiss Asset Management LP now owns 381,158 shares of the electronics maker's stock worth $26,090,000 after acquiring an additional 325,974 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of Sanmina by 11.0% in the 3rd quarter. Quantinno Capital Management LP now owns 3,649 shares of the electronics maker's stock worth $250,000 after buying an additional 362 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of Sanmina in the 3rd quarter worth about $219,000. Edgestream Partners L.P. purchased a new stake in shares of Sanmina during the 3rd quarter valued at about $876,000. Finally, Verition Fund Management LLC bought a new position in shares of Sanmina in the 3rd quarter valued at about $425,000. Hedge funds and other institutional investors own 92.71% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on SANM. Craig Hallum upped their price objective on Sanmina from $62.00 to $69.00 and gave the company a "hold" rating in a research report on Tuesday, November 5th. StockNews.com upgraded Sanmina from a "hold" rating to a "buy" rating in a report on Thursday, November 21st.

Sanmina Trading Up 0.2 %

Shares of SANM stock traded up $0.18 during trading hours on Monday, reaching $80.23. 374,035 shares of the stock were exchanged, compared to its average volume of 417,597. The company has a current ratio of 1.99, a quick ratio of 1.25 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 $4.33 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91. The company's 50-day moving average price is $74.65 and its 200-day moving average price is $70.57.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.07. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the business earned $1.20 earnings per share. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that Sanmina Co. will post 4.84 earnings per share 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.