Voya Investment Management LLC Lowers Stock Position in Sanmina Corporation $SANM

Voya Investment Management LLC lowered its position in Sanmina Corporation (NASDAQ:SANM) by 3.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,121 shares of the electronics maker’s stock after selling 566 shares during the period. Voya Investment Management LLC’s holdings in Sanmina were worth $1,304,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Sanmina by 34.1% in the first quarter. GAMMA Investing LLC now owns 1,720 shares of the electronics maker’s stock valued at $131,000 after purchasing an additional 437 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Sanmina by 10.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,210 shares of the electronics maker’s stock valued at $397,000 after purchasing an additional 476 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Sanmina by 87.4% in the first quarter. Janney Montgomery Scott LLC now owns 10,311 shares of the electronics maker’s stock valued at $785,000 after purchasing an additional 4,810 shares during the last quarter. Strs Ohio purchased a new stake in Sanmina during the first quarter worth about $1,196,000. Finally, Squarepoint Ops LLC increased its holdings in Sanmina by 60.0% during the fourth quarter. Squarepoint Ops LLC now owns 40,546 shares of the electronics maker’s stock worth $3,068,000 after buying an additional 15,197 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SANM. Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 30th. Bank of America lifted their target price on shares of 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 company has a consensus rating of “Hold” and a consensus target price of $94.50.

Sanmina Stock Down 0.5%

NASDAQ:SANM opened at $117.75 on Tuesday. The firm’s 50-day moving average price is $114.10 and its 200-day moving average price is $94.25. The company has a market capitalization of $6.27 billion, a PE ratio of 25.21, a P/E/G ratio of 1.73 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.21. Sanmina Corporation has a 1-year low of $63.67 and a 1-year high of $125.76.

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