Sanmina Corporation $SANM Shares Sold by Allworth Financial LP

Allworth Financial LP trimmed its holdings in shares of Sanmina Corporation (NASDAQ:SANM) by 24.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,714 shares of the electronics maker’s stock after selling 1,812 shares during the period. Allworth Financial LP’s holdings in Sanmina were worth $559,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SANM. Northwestern Mutual Wealth Management Co. grew its position in Sanmina by 265.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker’s stock valued at $28,000 after buying an additional 265 shares in the last quarter. Banque Transatlantique SA bought a new position in shares of Sanmina in the first quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Sanmina by 200.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 405 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 270 shares in the last quarter. Harbour Investments Inc. increased its stake in shares of Sanmina by 1,612.9% during the second quarter. Harbour Investments Inc. now owns 531 shares of the electronics maker’s stock valued at $52,000 after acquiring an additional 500 shares during the period. Finally, Quarry LP raised its holdings in Sanmina by 5,883.3% during the first quarter. Quarry LP now owns 718 shares of the electronics maker’s stock worth $55,000 after purchasing an additional 706 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Stock Performance

Shares of NASDAQ SANM opened at $160.37 on Friday. The stock’s fifty day simple moving average is $132.48 and its 200 day simple moving average is $110.76. The stock has a market capitalization of $8.55 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 1.43 and a beta of 1.17. The company has a quick ratio of 1.21, a current ratio of 1.91 and a debt-to-equity ratio of 0.12. Sanmina Corporation has a 52-week low of $63.67 and a 52-week high of $178.39.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, November 3rd. The electronics maker reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.10. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.05 billion. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.Sanmina’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $1.43 EPS. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. As a group, sell-side analysts forecast that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SANM shares. Wall Street Zen cut Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Sanmina in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $120.00.

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.