Virtu Financial LLC Invests $311,000 in Sanmina Co. (NASDAQ:SANM)

Virtu Financial LLC purchased a new stake in Sanmina Co. (NASDAQ:SANM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,537 shares of the electronics maker’s stock, valued at approximately $311,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Citigroup Inc. lifted its holdings in shares of Sanmina by 64.6% during the third quarter. Citigroup Inc. now owns 73,938 shares of the electronics maker’s stock valued at $5,061,000 after purchasing an additional 29,028 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Sanmina during the 3rd quarter worth about $2,224,000. Oppenheimer Asset Management Inc. lifted its stake in Sanmina by 40.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 34,692 shares of the electronics maker’s stock valued at $2,298,000 after buying an additional 10,000 shares in the last quarter. Caxton Associates LP boosted its holdings in shares of Sanmina by 365.9% in 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 during the period. 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 acquiring an additional 149,600 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Price Performance

NASDAQ SANM opened at $80.23 on Tuesday. The company has a 50 day simple moving average of $74.91 and a 200-day simple moving average of $70.65. Sanmina Co. has a 52-week low of $48.83 and a 52-week high of $86.05. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 20.52, 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 current ratio of 1.99 and a quick ratio of 1.25.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on SANM. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. Craig Hallum raised their target price on Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th.

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.