Intech Investment Management LLC Cuts Stake in Sanmina Corporation $SANM

Intech Investment Management LLC lessened its stake in Sanmina Corporation (NASDAQ:SANM - Free Report) by 4.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,115 shares of the electronics maker's stock after selling 2,449 shares during the quarter. Intech Investment Management LLC owned approximately 0.10% of Sanmina worth $5,392,000 at the end of the most recent reporting period.

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Several other institutional investors also recently bought and sold shares of the stock. Nuveen LLC purchased a new stake in Sanmina in the 1st quarter worth $50,510,000. Invesco Ltd. increased its holdings in shares of Sanmina by 22.7% in the first quarter. Invesco Ltd. now owns 878,849 shares of the electronics maker's stock worth $66,951,000 after purchasing an additional 162,465 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Sanmina by 106.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 205,463 shares of the electronics maker's stock worth $20,236,000 after buying an additional 105,736 shares in the last quarter. Algert Global LLC purchased a new stake in shares of Sanmina in the first quarter worth about $6,863,000. Finally, Beacon Harbor Wealth Advisors Inc. bought a new position in Sanmina during the first quarter valued at approximately $5,524,000. 92.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SANM shares. Wall Street Zen cut Sanmina from a "strong-buy" rating to a "buy" rating in a report on Sunday. Weiss Ratings restated a "buy (b)" rating on shares of Sanmina in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Sanmina from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $120.00.

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Check Out Our Latest Report on SANM

Sanmina Price Performance

Shares of Sanmina stock opened at $158.88 on Tuesday. The stock has a market cap of $8.47 billion, a price-to-earnings ratio of 34.02, a price-to-earnings-growth 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. The stock has a 50 day moving average price of $133.28 and a 200-day moving average price of $111.57. Sanmina Corporation has a one year low of $63.67 and a one year high of $178.39.

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Sanmina (NASDAQ:SANM - Get Free Report) last issued its quarterly 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 company 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 earnings per share. Sanmina's revenue was up 3.9% on a year-over-year basis. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. Equities analysts expect that Sanmina Corporation will post 5.15 EPS for the current year.

Sanmina 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.

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