Sanmina Corporation $SANM Shares Sold by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC lowered its position in Sanmina Corporation (NASDAQ:SANM) by 32.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,464 shares of the electronics maker’s stock after selling 16,554 shares during the quarter. Sanmina comprises approximately 1.3% of Oliver Luxxe Assets LLC’s investment portfolio, making the stock its 17th biggest holding. Oliver Luxxe Assets LLC’s holdings in Sanmina were worth $8,722,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of Sanmina during the third quarter worth approximately $26,000. Employees Retirement System of Texas bought a new position in Sanmina in the 4th quarter worth approximately $39,000. Northwestern Mutual Wealth Management Co. grew its holdings in Sanmina by 182.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock worth $51,000 after buying an additional 219 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Sanmina by 235.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock valued at $55,000 after acquiring an additional 259 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in Sanmina during the 4th quarter valued at $60,000. Institutional investors own 92.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SANM shares. Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. lowered their price target on Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 15th. Finally, Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Sanmina presently has a consensus rating of “Moderate Buy” and an average price target of $198.33.

Insider Buying and Selling

In related news, CFO Jonathan P. Faust sold 10,076 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the completion of the sale, the chief financial officer directly owned 77,000 shares of the company’s stock, valued at $20,466,600. This represents a 11.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is currently owned by corporate insiders.

Sanmina Price Performance

Shares of Sanmina stock opened at $202.73 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.71. The company’s 50-day moving average price is $225.88 and its two-hundred day moving average price is $188.95. Sanmina Corporation has a 52 week low of $108.36 and a 52 week high of $288.68. The stock has a market cap of $10.87 billion, a PE ratio of 36.27, a price-to-earnings-growth ratio of 0.71 and a beta of 1.59.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.54. The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The business’s revenue for the quarter was up 69.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.53 EPS. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. As a group, sell-side analysts anticipate that Sanmina Corporation will post 10.41 EPS for the current fiscal year.

Sanmina Company Profile

Sanmina Corporation is a leading global electronics manufacturing services (EMS) provider specializing in the design, production and end-to-end supply chain solutions for complex electronic products. Founded in 1980, the company has built a reputation for delivering high-reliability manufacturing across a wide range of industries, including communications, computing, aerospace and defense, medical, automotive and industrial sectors.

Sanmina’s core offerings encompass product design and engineering support, precision PCB fabrication and assembly, system integration, testing, and final system deployment.