Sanmina Corporation $SANM Shares Sold by LSV Asset Management

LSV Asset Management cut its stake in shares of Sanmina Corporation (NASDAQ:SANM) by 12.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,311,805 shares of the electronics maker’s stock after selling 180,670 shares during the quarter. LSV Asset Management’s holdings in Sanmina were worth $128,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Invesco Ltd. lifted its position in Sanmina by 22.7% during the 1st quarter. Invesco Ltd. now owns 878,849 shares of the electronics maker’s stock worth $66,951,000 after acquiring an additional 162,465 shares during the period. Global Alpha Capital Management Ltd. lifted its holdings in shares of Sanmina by 6.7% during the second quarter. Global Alpha Capital Management Ltd. now owns 868,891 shares of the electronics maker’s stock worth $85,004,000 after purchasing an additional 54,200 shares during the period. Allianz Asset Management GmbH boosted its position in Sanmina by 4.7% in the second quarter. Allianz Asset Management GmbH now owns 749,220 shares of the electronics maker’s stock valued at $73,296,000 after buying an additional 33,865 shares during the last quarter. Nuveen LLC acquired a new position in Sanmina in the 1st quarter worth approximately $50,510,000. Finally, Fuller & Thaler Asset Management Inc. raised its position in Sanmina by 7.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 478,208 shares of the electronics maker’s stock worth $36,430,000 after buying an additional 33,966 shares during the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

Sanmina Stock Performance

Shares of Sanmina stock opened at $158.88 on Tuesday. The business’s 50 day moving average price is $133.28 and its 200 day moving average price is $111.57. The company has a market cap of $8.47 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 1.43 and a beta of 1.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.91. Sanmina Corporation has a one year low of $63.67 and a one year high of $178.39.

Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, November 3rd. The electronics maker reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period last year, the company earned $1.43 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. On average, research analysts predict that Sanmina Corporation will post 5.15 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wall Street Zen downgraded shares of Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sanmina in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $120.00.

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.