Bank of America Corp DE grew its holdings in Sanmina Corp (NASDAQ:SANM) by 10.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 428,693 shares of the electronics maker’s stock after acquiring an additional 42,118 shares during the quarter. Bank of America Corp DE’s holdings in Sanmina were worth $12,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Sanmina by 2.5% in the second quarter. BlackRock Inc. now owns 9,526,317 shares of the electronics maker’s stock valued at $279,120,000 after acquiring an additional 235,796 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Sanmina in the second quarter valued at approximately $470,000. GAM Holding AG boosted its position in shares of Sanmina by 111.2% in the second quarter. GAM Holding AG now owns 37,350 shares of the electronics maker’s stock valued at $1,094,000 after acquiring an additional 19,665 shares during the period. Earnest Partners LLC boosted its position in shares of Sanmina by 0.5% in the second quarter. Earnest Partners LLC now owns 2,996,940 shares of the electronics maker’s stock valued at $87,810,000 after acquiring an additional 14,584 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Sanmina by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 441,373 shares of the electronics maker’s stock valued at $12,933,000 after acquiring an additional 15,234 shares during the period. 93.10% of the stock is owned by institutional investors.

Shares of NASDAQ SANM opened at $24.16 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 0.73. The firm has a market capitalization of $1.88 billion, a P/E ratio of 8.44, a PEG ratio of 1.37 and a beta of 0.48. Sanmina Corp has a one year low of $23.88 and a one year high of $39.40.

Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, July 30th. The electronics maker reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.73 billion. Sanmina had a negative net margin of 1.01% and a positive return on equity of 10.28%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 earnings per share. Equities analysts anticipate that Sanmina Corp will post 1.68 EPS for the current year.

Several equities research analysts have recently weighed in on the company. BidaskClub cut Sanmina from a “hold” rating to a “sell” rating in a research report on Saturday, September 15th. Zacks Investment Research raised Sanmina from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Citigroup increased their price objective on Sanmina from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Finally, ValuEngine cut Sanmina from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $35.75.

Sanmina Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. The company offers product design and engineering solutions, including concept development, detailed design, prototyping, validation, preproduction, and manufacturing design release; manufacturing solutions of components, subassemblies, and complete systems; final system assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services.

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Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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