BNP Paribas Financial Markets Sells 26,332 Shares of Sanmina Co. (NASDAQ:SANM)

BNP Paribas Financial Markets trimmed its position in shares of Sanmina Co. (NASDAQ:SANM) by 48.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in SANM. Citigroup Inc. raised its holdings in Sanmina by 64.6% during the 3rd quarter. Citigroup Inc. now owns 73,938 shares of the electronics maker’s stock valued at $5,061,000 after acquiring an additional 29,028 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Sanmina during the third quarter valued at $2,224,000. Oppenheimer Asset Management Inc. grew its position in Sanmina by 40.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 34,692 shares of the electronics maker’s stock worth $2,298,000 after buying an additional 10,000 shares in the last quarter. Caxton Associates LP grew its position in Sanmina by 365.9% during the second quarter. Caxton Associates LP now owns 22,276 shares of the electronics maker’s stock worth $1,476,000 after buying an additional 17,495 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. increased its position in shares of Sanmina by 19.4% in the third quarter. Global Alpha Capital Management Ltd. now owns 922,391 shares of the electronics maker’s stock worth $63,138,000 after purchasing an additional 149,600 shares during the last quarter. Institutional investors own 92.71% of the company’s stock.

Sanmina Stock Down 0.8 %

Shares of NASDAQ:SANM opened at $78.53 on Friday. The stock’s 50-day moving average price is $73.36 and its 200-day moving average price is $70.11. The stock has a market capitalization of $4.24 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 1.34 and a beta of 0.91. Sanmina Co. has a 12-month low of $48.83 and a 12-month high of $86.05. 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 (NASDAQ:SANM) 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. The company 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 firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.20 earnings per share. On average, equities analysts anticipate that Sanmina Co. will post 4.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Craig Hallum raised their price objective on shares of 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 research report on Thursday, November 21st.

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.