New York State Teachers Retirement System Has $1.90 Million Stock Holdings in Sanmina Co. (NASDAQ:SANM)

New York State Teachers Retirement System trimmed its holdings in Sanmina Co. (NASDAQ:SANM) by 13.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,901 shares of the electronics maker’s stock after selling 5,500 shares during the quarter. New York State Teachers Retirement System’s holdings in Sanmina were worth $1,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Qube Research & Technologies Ltd lifted its stake in shares of Sanmina by 86.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 71,294 shares of the electronics maker’s stock valued at $3,870,000 after purchasing an additional 32,998 shares during the period. FMR LLC raised its stake in Sanmina by 498.3% during the 3rd quarter. FMR LLC now owns 489,308 shares of the electronics maker’s stock worth $26,560,000 after buying an additional 407,528 shares during the period. Sei Investments Co. raised its stake in Sanmina by 19.1% during the 3rd quarter. Sei Investments Co. now owns 256,717 shares of the electronics maker’s stock worth $13,935,000 after buying an additional 41,216 shares during the period. Hsbc Holdings PLC raised its stake in Sanmina by 18.3% during the 3rd quarter. Hsbc Holdings PLC now owns 61,689 shares of the electronics maker’s stock worth $3,374,000 after buying an additional 9,545 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Sanmina by 241.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 80,695 shares of the electronics maker’s stock worth $4,380,000 after buying an additional 57,095 shares during the period. 92.71% of the stock is owned by institutional investors and hedge funds.

Sanmina Stock Down 0.7 %

SANM stock opened at $57.91 on Wednesday. The stock’s 50 day simple moving average is $61.19 and its 200 day simple moving average is $54.95. Sanmina Co. has a fifty-two week low of $43.40 and a fifty-two week high of $69.69. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.23 and a current ratio of 1.99. The company has a market cap of $3.29 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 0.92 and a beta of 1.04.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, January 29th. The electronics maker reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.08. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.87 billion. Sanmina had a return on equity of 13.16% and a net margin of 3.25%. The company’s revenue for the quarter was down 20.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.49 EPS. On average, research analysts expect that Sanmina Co. will post 4.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Fox Advisors started coverage on Sanmina in a research note on Wednesday, March 6th. They set an “overweight” rating and a $80.00 price target on the stock.

Insiders Place Their Bets

In other Sanmina news, Director Susan A. Johnson sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $60.64, for a total transaction of $60,640.00. Following the completion of the sale, the director now directly owns 7,811 shares of the company’s stock, valued at approximately $473,659.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.09% of the company’s stock.

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.