Swiss National Bank Cuts Stock Holdings in Sanmina Co. (NASDAQ:SANM)

Swiss National Bank reduced its position in shares of Sanmina Co. (NASDAQ:SANM) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,300 shares of the electronics maker’s stock after selling 1,400 shares during the period. Swiss National Bank’s holdings in Sanmina were worth $7,413,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Janus Henderson Group PLC increased its stake in Sanmina by 64.8% during the 1st quarter. Janus Henderson Group PLC now owns 134,807 shares of the electronics maker’s stock worth $8,381,000 after buying an additional 52,995 shares in the last quarter. Atria Investments Inc purchased a new stake in Sanmina during the 1st quarter worth approximately $1,005,000. Oppenheimer Asset Management Inc. increased its stake in Sanmina by 40.5% during the 2nd 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 increased its stake in Sanmina by 365.9% during the 2nd 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, Aristides Capital LLC purchased a new stake in Sanmina during the 2nd quarter worth approximately $267,000. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Sanmina Price Performance

SANM stock opened at $78.84 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.05 and a quick ratio of 1.32. The business has a 50 day simple moving average of $71.50 and a 200-day simple moving average of $69.31. The firm has a market capitalization of $4.31 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89. Sanmina Co. has a 1 year low of $48.83 and a 1 year high of $86.05.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 earnings per share for the quarter, topping 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 return on equity of 10.47% and a net margin of 2.94%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.20 earnings per share. Equities research analysts anticipate that Sanmina Co. will post 4.84 earnings per share for the current fiscal year.

Sanmina 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.