Bridgewater Associates LP Sells 447 Shares of Sanmina Co. (NASDAQ:SANM)

Bridgewater Associates LP lowered its position in Sanmina Co. (NASDAQ:SANM) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,146 shares of the electronics maker’s stock after selling 447 shares during the quarter. Bridgewater Associates LP owned 0.11% of Sanmina worth $3,980,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC lifted its position in Sanmina by 64.8% in the first quarter. Janus Henderson Group PLC now owns 134,807 shares of the electronics maker’s stock worth $8,381,000 after purchasing an additional 52,995 shares during the period. Atria Investments Inc bought a new position in shares of Sanmina during the 1st quarter worth about $1,005,000. Oppenheimer Asset Management Inc. boosted its position in shares of 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 acquiring an additional 10,000 shares in the last quarter. Caxton Associates LP increased its stake in Sanmina by 365.9% in the second quarter. Caxton Associates LP now owns 22,276 shares of the electronics maker’s stock valued at $1,476,000 after acquiring an additional 17,495 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Sanmina in the third quarter worth about $2,224,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Stock Performance

NASDAQ SANM opened at $79.41 on Friday. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.32 and a beta of 0.89. The company has a current ratio of 2.05, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. Sanmina Co. has a 1-year low of $48.83 and a 1-year high of $86.05. The company has a 50 day moving average of $72.29 and a 200-day moving average of $69.63.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Sanmina had a return on equity of 10.47% and a net margin of 2.94%. The business’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $1.20 EPS. On average, equities analysts forecast that Sanmina Co. will post 4.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SANM shares. Craig Hallum upped their price objective on Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. StockNews.com upgraded Sanmina from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st.

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.