Legal & General Group Plc Sells 4,437 Shares of Sanmina Corporation $SANM

Legal & General Group Plc lowered its stake in Sanmina Corporation (NASDAQ:SANM) by 2.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 150,365 shares of the electronics maker’s stock after selling 4,437 shares during the quarter. Legal & General Group Plc’s holdings in Sanmina were worth $14,710,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Sanmina by 265.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 265 shares in the last quarter. Banque Transatlantique SA acquired a new position in Sanmina during the first quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd raised its position in shares of Sanmina by 200.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 405 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 270 shares during the period. TD Waterhouse Canada Inc. lifted its stake in shares of Sanmina by 27.2% in the second quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock worth $39,000 after buying an additional 85 shares during the last quarter. Finally, MAI Capital Management bought a new stake in shares of Sanmina during the 2nd quarter worth $41,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SANM shares. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Wall Street Zen lowered Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Sanmina in a research note on Wednesday, October 8th. One equities research 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 company’s stock. According to data from MarketBeat, Sanmina has a consensus rating of “Buy” and an average price target of $120.00.

Sanmina Stock Performance

NASDAQ:SANM opened at $156.24 on Friday. The firm’s 50-day moving average is $139.55 and its 200-day moving average is $115.91. The company has a market cap of $8.53 billion, a price-to-earnings ratio of 33.46, 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 52-week low of $63.67 and a 52-week high of $178.39.

Sanmina (NASDAQ:SANM) last released its earnings results on Monday, November 3rd. The electronics maker reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.10. Sanmina had a net margin of 3.22% and a return on equity of 11.30%. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter last year, the company earned $1.43 earnings per share. The firm’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 research analysts anticipate that Sanmina Corporation will post 5.15 earnings per share for the current 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.