State Street Corp Has $158.79 Million Stake in Sanmina Co. (NASDAQ:SANM)

State Street Corp decreased its stake in Sanmina Co. (NASDAQ:SANM - Free Report) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,319,821 shares of the electronics maker's stock after selling 39,698 shares during the period. State Street Corp owned 4.24% of Sanmina worth $158,792,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Global Alpha Capital Management Ltd. increased 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 valued at $63,138,000 after acquiring an additional 149,600 shares during the period. Royce & Associates LP increased its holdings in shares of Sanmina by 36.7% during the third quarter. Royce & Associates LP now owns 402,098 shares of the electronics maker's stock valued at $27,524,000 after purchasing an additional 107,906 shares during the period. American Century Companies Inc. raised its stake in shares of Sanmina by 14.0% during the second quarter. American Century Companies Inc. now owns 875,132 shares of the electronics maker's stock valued at $57,977,000 after purchasing an additional 107,474 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in Sanmina by 8.0% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,168,289 shares of the electronics maker's stock worth $77,399,000 after purchasing an additional 86,492 shares during the period. Finally, FMR LLC grew its position in Sanmina by 5.0% in the 3rd quarter. FMR LLC now owns 1,715,767 shares of the electronics maker's stock valued at $117,444,000 after buying an additional 82,409 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company's stock.

Sanmina Price Performance

NASDAQ SANM traded down $0.91 on Friday, reaching $80.05. The company's stock had a trading volume of 428,011 shares, compared to its average volume of 417,778. Sanmina Co. has a twelve month low of $48.83 and a twelve month high of $86.05. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.25 and a current ratio of 1.99. The firm's 50 day moving average is $74.65 and its two-hundred day moving average is $70.53. The stock has a market cap of $4.32 billion, a PE ratio of 20.47, 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 EPS for the quarter, beating the consensus estimate of $1.36 by $0.07. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business earned $1.20 earnings per share. As a group, sell-side analysts predict that Sanmina Co. will post 4.84 EPS for the current year.

Analyst Ratings Changes

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