Oliver Luxxe Assets LLC Invests $2.58 Million in Sanmina Corporation $SANM

Key Points

• Oliver Luxxe Assets LLC purchased 26,372 shares of Sanmina Corporation, valued at approximately $2.58 million, during the second quarter.
• Sanmina reported a quarterly earnings per share (EPS) of $1.53, surpassing estimates, with a revenue of $2.04 billion—up 10.9% year-over-year.
• As of now, 92.71% of Sanmina's stock is owned by institutional investors, with varying changes in stakes by several hedge funds in recent months.

Oliver Luxxe Assets LLC acquired a new position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 26,372 shares of the electronics maker's stock, valued at approximately $2,580,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Invesco Ltd. boosted its position in Sanmina by 22.7% during the 1st quarter. Invesco Ltd. now owns 878,849 shares of the electronics maker's stock worth $66,951,000 after acquiring an additional 162,465 shares during the period. Global Alpha Capital Management Ltd. raised its position in Sanmina by 8.5% in the first quarter. Global Alpha Capital Management Ltd. now owns 814,691 shares of the electronics maker's stock worth $62,063,000 after acquiring an additional 63,500 shares in the last quarter. Allianz Asset Management GmbH raised its position in Sanmina by 7.7% in the first quarter. Allianz Asset Management GmbH now owns 715,355 shares of the electronics maker's stock worth $54,496,000 after acquiring an additional 51,432 shares in the last quarter. Nuveen LLC bought a new stake in Sanmina in the first quarter worth about $50,510,000. Finally, Fuller & Thaler Asset Management Inc. raised its position in Sanmina by 7.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 478,208 shares of the electronics maker's stock worth $36,430,000 after acquiring an additional 33,966 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SANM. Bank of America upped their target price on Sanmina from $100.00 to $120.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Wall Street Zen raised Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 30th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $94.50.

Sanmina Stock Performance

SANM traded down $0.55 during midday trading on Monday, reaching $117.75. The company's stock had a trading volume of 552,436 shares, compared to its average volume of 642,470. The stock has a market cap of $6.27 billion, a P/E ratio of 25.21, a PEG ratio of 1.73 and a beta of 1.21. The company has a fifty day simple moving average of $114.10 and a 200 day simple moving average of $94.25. The company has a current ratio of 1.91, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. Sanmina Corporation has a twelve month low of $63.67 and a twelve month high of $125.76.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The electronics maker reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.11. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.98 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 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.25 EPS. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Research analysts expect that Sanmina Corporation will post 5.15 earnings per share for the current year.

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.