KLP Kapitalforvaltning AS Acquires 800 Shares of Sanmina Corporation $SANM

KLP Kapitalforvaltning AS grew its holdings in shares of Sanmina Corporation (NASDAQ:SANM) by 7.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,400 shares of the electronics maker’s stock after acquiring an additional 800 shares during the period. KLP Kapitalforvaltning AS’s holdings in Sanmina were worth $1,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. XTX Topco Ltd lifted its stake in shares of Sanmina by 1.2% during the 1st quarter. XTX Topco Ltd now owns 11,886 shares of the electronics maker’s stock valued at $905,000 after buying an additional 140 shares in the last quarter. Xponance Inc. lifted its stake in shares of Sanmina by 3.4% during the 1st quarter. Xponance Inc. now owns 4,687 shares of the electronics maker’s stock valued at $357,000 after buying an additional 152 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Sanmina by 1.8% during the 1st 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 lifted its stake in shares of Sanmina by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 11,898 shares of the electronics maker’s stock valued at $1,164,000 after buying an additional 189 shares in the last quarter. Finally, Kendall Capital Management lifted its stake in shares of Sanmina by 3.1% during the 1st 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. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Sanmina Stock Performance

Sanmina stock opened at $125.51 on Wednesday. The company’s 50-day moving average price is $118.76 and its 200-day moving average price is $99.06. Sanmina Corporation has a twelve month low of $63.67 and a twelve month high of $160.25. 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 company has a market cap of $6.69 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 1.30 and a beta of 1.19.

Sanmina (NASDAQ:SANM) last posted 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. Sanmina had a net margin of 3.22% and a return on equity of 11.30%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm posted $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. On average, equities research analysts forecast that Sanmina Corporation will post 5.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SANM. 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 note on Friday, July 11th. Wall Street Zen cut shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reiterated 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 Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $94.50.

About Sanmina

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.