Wedge Capital Management L L P NC Sells 4,861 Shares of Sanmina Corporation $SANM

Wedge Capital Management L L P NC lessened its position in Sanmina Corporation (NASDAQ:SANM) by 17.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,068 shares of the electronics maker’s stock after selling 4,861 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Sanmina were worth $2,655,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SANM. Northwestern Mutual Wealth Management Co. increased its position in shares of Sanmina by 265.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 265 shares during the last quarter. Banque Transatlantique SA bought a new position in Sanmina during the first quarter valued at approximately $29,000. TD Waterhouse Canada Inc. raised its stake in shares of Sanmina by 27.2% during the second quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock worth $39,000 after acquiring an additional 85 shares in the last quarter. MAI Capital Management bought a new stake in shares of Sanmina in the 2nd quarter worth approximately $41,000. Finally, Harbour Investments Inc. boosted its stake in shares of Sanmina by 1,612.9% in the 2nd quarter. Harbour Investments Inc. now owns 531 shares of the electronics maker’s stock valued at $52,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 92.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Sanmina in a research report on Wednesday, October 8th. Wall Street Zen downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Finally, Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. One investment 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $120.00.

Insider Activity

In other news, insider Vishnu Venkatesh sold 692 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $149.22, for a total value of $103,260.24. Following the sale, the insider directly owned 23,500 shares of the company’s stock, valued at $3,506,670. The trade was a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.22% of the company’s stock.

Sanmina Stock Performance

Shares of Sanmina stock opened at $152.89 on Tuesday. Sanmina Corporation has a 12 month low of $63.67 and a 12 month high of $178.39. The firm has a market capitalization of $8.34 billion, a P/E ratio of 34.28, a P/E/G ratio of 0.73 and a beta of 1.03. The company has a current ratio of 1.72, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $151.17 and a two-hundred day simple moving average of $124.27.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, November 3rd. The electronics maker reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.10. Sanmina had a net margin of 3.03% and a return on equity of 11.59%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same period last year, the business earned $1.43 EPS. Sanmina’s quarterly revenue was up 3.9% compared to the same quarter last year. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. On average, equities analysts forecast that Sanmina Corporation will post 5.15 earnings per share 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.