Algert Global LLC Purchases New Shares in Sanmina Corporation $SANM

Key Points

• Algert Global LLC has acquired a new stake in Sanmina Corporation, purchasing 90,090 shares valued at approximately $6.86 million, which represents about 0.17% ownership of the company.
• Several institutional investors have increased their stakes in Sanmina, with notable increases from GAMMA Investing LLC (34.1% boost) and Janney Montgomery Scott LLC (87.4% boost) during the first quarter.
• Sanmina reported $1.53 earnings per share for its last quarter, exceeding analysts' estimates, and with a significant 10.9% year-over-year revenue growth to $2.04 billion.

Algert Global LLC acquired a new stake in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 90,090 shares of the electronics maker's stock, valued at approximately $6,863,000. Algert Global LLC owned 0.17% of Sanmina as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Neuberger Berman Group LLC acquired a new position in shares of Sanmina in the first quarter valued at approximately $321,000. Caitong International Asset Management Co. Ltd boosted its holdings in Sanmina by 200.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 405 shares of the electronics maker's stock worth $31,000 after purchasing an additional 270 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Sanmina by 20.7% during the first quarter. Russell Investments Group Ltd. now owns 26,315 shares of the electronics maker's stock worth $2,005,000 after purchasing an additional 4,513 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in Sanmina by 26.5% during the first quarter. Public Sector Pension Investment Board now owns 172,308 shares of the electronics maker's stock worth $13,126,000 after purchasing an additional 36,109 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Sanmina during the first quarter worth $50,510,000. Institutional investors and hedge funds own 92.71% of the company's stock.

Sanmina Stock Performance

Shares of SANM traded up $4.44 during trading hours on Friday, hitting $115.48. The company had a trading volume of 573,653 shares, compared to its average volume of 958,130. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.63 and a beta of 1.14. The business has a fifty day moving average of $105.44 and a 200-day moving average of $89.30. Sanmina Corporation has a 12 month low of $62.76 and a 12 month high of $125.76. 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 (NASDAQ:SANM - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 earnings per share. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Equities analysts anticipate that Sanmina Corporation will post 5.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on SANM. Wall Street Zen cut shares of Sanmina from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Bank of America upped their price target on shares of Sanmina from $100.00 to $120.00 and gave the stock 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, Sanmina currently has an average rating of "Hold" and a consensus price target of $94.50.

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.