Allianz Asset Management GmbH Increases Stock Holdings in Sanmina Corporation $SANM

Key Points

• Allianz Asset Management GmbH increased its stake in Sanmina Corporation by 4.7%, owning 749,220 shares valued at approximately $73.3 million as of the latest SEC filing.
• Several other institutional investors also raised their stakes in Sanmina, with hedge funds collectively owning 92.71% of the company's stock.
• Sanmina reported better-than-expected quarterly earnings, with $1.53 EPS and revenue of $2.04 billion, exceeding analyst projections.

Allianz Asset Management GmbH increased its holdings in Sanmina Corporation (NASDAQ:SANM - Free Report) by 4.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 749,220 shares of the electronics maker's stock after acquiring an additional 33,865 shares during the quarter. Allianz Asset Management GmbH owned about 1.40% of Sanmina worth $73,296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. XTX Topco Ltd increased its holdings in shares of Sanmina by 1.2% during the first quarter. XTX Topco Ltd now owns 11,886 shares of the electronics maker's stock valued at $905,000 after acquiring an additional 140 shares in the last quarter. Xponance Inc. increased its holdings in shares of Sanmina by 3.4% during the first quarter. Xponance Inc. now owns 4,687 shares of the electronics maker's stock valued at $357,000 after acquiring an additional 152 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Sanmina by 1.8% during the first quarter. Hsbc Holdings PLC now owns 8,659 shares of the electronics maker's stock valued at $659,000 after acquiring an additional 152 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Sanmina by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 11,898 shares of the electronics maker's stock valued at $1,164,000 after acquiring an additional 189 shares in the last quarter. Finally, Kendall Capital Management increased its holdings in Sanmina by 3.1% in the 1st quarter. Kendall Capital Management now owns 6,395 shares of the electronics maker's stock worth $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.

Wall Street Analyst Weigh In

Several research firms recently commented on SANM. Bank of America lifted their price objective on Sanmina from $100.00 to $120.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Weiss Ratings reiterated a "buy (b)" rating on shares of Sanmina in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Sanmina from a "strong-buy" rating to a "buy" rating in a report on Saturday, October 11th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $94.50.

Sanmina Trading Up 0.9%

Sanmina stock opened at $133.12 on Friday. The business has a 50-day simple moving average of $119.33 and a two-hundred day simple moving average of $99.67. The company has a market cap of $7.09 billion, a P/E ratio of 28.51, a P/E/G ratio of 1.36 and a beta of 1.19. Sanmina Corporation has a 52-week low of $63.67 and a 52-week 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.

Sanmina (NASDAQ:SANM - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.11. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.98 billion. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.The business's quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 EPS. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Analysts predict that Sanmina Corporation will post 5.15 EPS 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.

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