Mutual of America Capital Management LLC Has $672,000 Stock Holdings in Sanmina Corporation $SANM

Mutual of America Capital Management LLC decreased its stake in Sanmina Corporation (NASDAQ:SANM) by 13.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,868 shares of the electronics maker’s stock after selling 1,043 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Sanmina were worth $672,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Foster & Motley Inc. lifted its stake in Sanmina by 101.4% during the second quarter. Foster & Motley Inc. now owns 26,291 shares of the electronics maker’s stock valued at $2,572,000 after buying an additional 13,237 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Sanmina by 4.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 749,220 shares of the electronics maker’s stock valued at $73,296,000 after acquiring an additional 33,865 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Sanmina by 15.5% in the 2nd quarter. New York State Teachers Retirement System now owns 37,766 shares of the electronics maker’s stock valued at $3,695,000 after acquiring an additional 5,066 shares in the last quarter. Ritholtz Wealth Management boosted its stake in Sanmina by 24.4% in the 2nd quarter. Ritholtz Wealth Management now owns 11,122 shares of the electronics maker’s stock worth $1,088,000 after purchasing an additional 2,179 shares during the period. Finally, Harbour Investments Inc. grew its position in Sanmina by 1,612.9% during the 2nd quarter. Harbour Investments Inc. now owns 531 shares of the electronics maker’s stock worth $52,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on SANM. Weiss Ratings restated a “buy (b)” rating on shares of Sanmina in a report on Wednesday, October 8th. Wall Street Zen downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, Bank of America lifted their target price on Sanmina from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Sanmina has an average rating of “Hold” and an average target price of $94.50.

Sanmina Stock Performance

Shares of SANM stock opened at $134.96 on Tuesday. Sanmina Corporation has a fifty-two week low of $63.67 and a fifty-two week high of $160.25. The stock’s 50-day moving average is $121.02 and its two-hundred day moving average is $102.91. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.21. The firm has a market cap of $7.19 billion, a P/E ratio of 28.90, a PEG ratio of 1.38 and a beta of 1.19.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, July 28th. The electronics maker reported $1.53 EPS for the quarter, beating the consensus estimate of $1.42 by $0.11. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the business posted $1.25 EPS. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. Analysts predict that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

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.