Sanmina Corporation $SANM Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC cut its stake in Sanmina Corporation (NASDAQ:SANM) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,929 shares of the electronics maker’s stock after selling 1,838 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.05% of Sanmina worth $2,732,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. XTX Topco Ltd lifted its holdings in Sanmina by 1.2% in the first quarter. XTX Topco Ltd now owns 11,886 shares of the electronics maker’s stock valued at $905,000 after acquiring an additional 140 shares during the period. Xponance Inc. lifted its holdings in Sanmina by 3.4% in the first quarter. Xponance Inc. now owns 4,687 shares of the electronics maker’s stock valued at $357,000 after acquiring an additional 152 shares during the period. Hsbc Holdings PLC increased its position in shares of Sanmina by 1.8% in the first quarter. Hsbc Holdings PLC now owns 8,659 shares of the electronics maker’s stock valued at $659,000 after buying an additional 152 shares in the last quarter. SummerHaven Investment Management LLC increased its position in shares of Sanmina by 1.5% in the first quarter. SummerHaven Investment Management LLC now owns 11,709 shares of the electronics maker’s stock valued at $892,000 after buying an additional 172 shares in the last quarter. Finally, Kendall Capital Management increased its position in shares of Sanmina by 3.1% in the first quarter. Kendall Capital Management now owns 6,395 shares of the electronics maker’s stock valued at $487,000 after buying an additional 190 shares in the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 30th. Bank of America boosted their price objective on Sanmina from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, July 11th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $94.50.

Sanmina Stock Down 0.9%

Shares of NASDAQ:SANM opened at $118.30 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.91 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average of $113.85 and a two-hundred day moving average of $93.96. The stock has a market cap of $6.30 billion, a P/E ratio of 25.33, a PEG ratio of 1.73 and a beta of 1.21. Sanmina Corporation has a 52-week low of $63.67 and a 52-week high of $125.76.

Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.11. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the business earned $1.25 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. On average, research analysts expect that Sanmina Corporation will post 5.15 earnings per share 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.