Sanmina Corporation $SANM Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its stake in Sanmina Corporation (NASDAQ:SANM) by 14.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,480 shares of the electronics maker’s stock after selling 730 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Sanmina were worth $458,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SANM. XTX Topco Ltd grew its position in Sanmina by 1.2% in the first quarter. XTX Topco Ltd now owns 11,886 shares of the electronics maker’s stock worth $905,000 after acquiring an additional 140 shares during the period. Xponance Inc. grew its position in Sanmina by 3.4% in the first quarter. Xponance Inc. now owns 4,687 shares of the electronics maker’s stock worth $357,000 after acquiring an additional 152 shares during the period. Hsbc Holdings PLC grew its position in Sanmina by 1.8% in the first quarter. Hsbc Holdings PLC now owns 8,659 shares of the electronics maker’s stock worth $659,000 after acquiring an additional 152 shares during the period. SummerHaven Investment Management LLC grew its position in Sanmina by 1.5% in the first quarter. SummerHaven Investment Management LLC now owns 11,709 shares of the electronics maker’s stock worth $892,000 after acquiring an additional 172 shares during the period. Finally, Kendall Capital Management grew its position in Sanmina by 3.1% in the first quarter. Kendall Capital Management now owns 6,395 shares of the electronics maker’s stock worth $487,000 after acquiring an additional 190 shares during the period. Institutional investors and hedge funds own 92.71% of the company’s stock.

Wall Street Analyst Weigh In

SANM has been the subject of several analyst reports. 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 increased their price objective on Sanmina from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, July 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Sanmina in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $94.50.

Sanmina Stock Down 2.3%

Sanmina stock opened at $114.08 on Monday. Sanmina Corporation has a fifty-two week low of $63.67 and a fifty-two week high of $125.76. 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 company has a market capitalization of $6.08 billion, a P/E ratio of 24.43, a PEG ratio of 1.35 and a beta of 1.19. The stock has a 50-day simple moving average of $116.59 and a 200-day simple moving average of $96.72.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share 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 business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the business earned $1.25 EPS. The business’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. Equities research analysts expect 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.