Stifel Financial Corp Sells 2,383 Shares of Sanmina Co. (NASDAQ:SANM)

Stifel Financial Corp lowered its position in shares of Sanmina Co. (NASDAQ:SANM) by 18.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,830 shares of the electronics maker’s stock after selling 2,383 shares during the period. Stifel Financial Corp’s holdings in Sanmina were worth $741,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in Sanmina by 24.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 845 shares of the electronics maker’s stock valued at $56,000 after acquiring an additional 164 shares during the period. GAMMA Investing LLC raised its holdings in shares of Sanmina by 88.5% during the third quarter. GAMMA Investing LLC now owns 931 shares of the electronics maker’s stock valued at $64,000 after purchasing an additional 437 shares during the last quarter. Innealta Capital LLC bought a new position in Sanmina during the second quarter valued at approximately $116,000. CWM LLC boosted its holdings in Sanmina by 40.5% in the third quarter. CWM LLC now owns 1,781 shares of the electronics maker’s stock worth $122,000 after purchasing an additional 513 shares during the last quarter. Finally, KBC Group NV grew its position in Sanmina by 25.5% in the 3rd quarter. KBC Group NV now owns 1,811 shares of the electronics maker’s stock worth $124,000 after purchasing an additional 368 shares during the period. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on SANM shares. Craig Hallum increased their target price on Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st.

Sanmina Price Performance

Shares of Sanmina stock opened at $77.70 on Wednesday. The stock has a market cap of $4.19 billion, a P/E ratio of 19.87, a P/E/G ratio of 1.35 and a beta of 0.91. 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 stock’s fifty day moving average is $75.97 and its 200 day moving average is $71.04. Sanmina Co. has a one year low of $48.83 and a one year high of $86.05.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 EPS for the quarter, topping the consensus estimate of $1.36 by $0.07. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.96 billion. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 earnings per share. Sell-side 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.