New York State Teachers Retirement System Has $2.31 Million Holdings in Sanmina Co. (NASDAQ:SANM)

New York State Teachers Retirement System decreased its position in Sanmina Co. (NASDAQ:SANM) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,800 shares of the electronics maker’s stock after selling 990 shares during the quarter. New York State Teachers Retirement System owned about 0.06% of Sanmina worth $2,314,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Sanmina by 108.4% in the 2nd quarter. GAMMA Investing LLC now owns 494 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 257 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Sanmina by 24.1% in the second 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. Innealta Capital LLC acquired a new position in shares of Sanmina in the second quarter valued at about $116,000. CWM LLC increased its position in Sanmina by 40.5% during the third quarter. CWM LLC now owns 1,781 shares of the electronics maker’s stock worth $122,000 after acquiring an additional 513 shares during the period. Finally, Highland Capital Management LLC acquired a new stake in Sanmina in the 3rd quarter worth about $205,000. Institutional investors own 92.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research report on Thursday. Craig Hallum boosted their price target on Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a research note on Tuesday.

Sanmina Stock Down 0.6 %

SANM stock opened at $83.40 on Friday. Sanmina Co. has a 52 week low of $45.45 and a 52 week high of $86.05. The business has a 50-day simple moving average of $68.40 and a 200 day simple moving average of $67.81. The company has a quick ratio of 1.27, a current ratio of 2.03 and a debt-to-equity ratio of 0.13. The company has a market cap of $4.56 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 1.66 and a beta of 0.89.

Sanmina (NASDAQ:SANM) last issued 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. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sanmina had a net margin of 2.94% and a return on equity of 10.52%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.20 EPS. Sell-side analysts anticipate that Sanmina Co. will post 5.07 EPS for the current fiscal 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.