Sanmina Co. (NASDAQ:SANM) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of Sanmina Co. (NASDAQ:SANM) by 255.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 509,906 shares of the electronics maker’s stock after acquiring an additional 366,653 shares during the quarter. JPMorgan Chase & Co. owned about 0.95% of Sanmina worth $34,903,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Citigroup Inc. increased its holdings in Sanmina by 64.6% during the 3rd quarter. Citigroup Inc. now owns 73,938 shares of the electronics maker’s stock worth $5,061,000 after purchasing an additional 29,028 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Sanmina by 2.4% in the third quarter. Geode Capital Management LLC now owns 1,515,128 shares of the electronics maker’s stock worth $103,727,000 after acquiring an additional 35,622 shares during the last quarter. Barclays PLC boosted its stake in Sanmina by 296.3% in the third quarter. Barclays PLC now owns 92,863 shares of the electronics maker’s stock valued at $6,358,000 after acquiring an additional 69,431 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Sanmina during the third quarter valued at approximately $2,224,000. Finally, Oppenheimer Asset Management Inc. boosted its position in Sanmina by 40.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 34,692 shares of the electronics maker’s stock valued at $2,298,000 after purchasing an additional 10,000 shares during the period. 92.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SANM has been the topic of several recent research reports. Craig Hallum lifted 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 raised shares of Sanmina from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st.

Sanmina Stock Up 0.7 %

Shares of NASDAQ:SANM opened at $76.87 on Tuesday. Sanmina Co. has a 52 week low of $48.83 and a 52 week high of $86.05. The company has a market cap of $4.15 billion, a PE ratio of 19.66, a price-to-earnings-growth 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 firm has a 50 day simple moving average of $77.73 and a 200 day simple moving average of $71.65.

Sanmina (NASDAQ:SANM) last posted its quarterly 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 period last year, the business earned $1.20 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, research analysts expect that Sanmina Co. will post 4.84 earnings per share for the current year.

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.