Allspring Global Investments Holdings LLC Buys 105,736 Shares of Sanmina Corporation $SANM

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Sanmina Corporation by 106%, acquiring an additional 105,736 shares, bringing its total ownership to 205,463 shares valued at approximately $20.24 million.
• Sanmina reported $1.53 EPS for the latest quarter, beating analyst estimates, and achieved revenue of $2.04 billion, exceeding expectations and reflecting a 10.9% year-over-year growth.
• The stock is currently rated as a "Hold" by analysts, with a consensus target price of $94.50, following recent rating adjustments from various firms.

Allspring Global Investments Holdings LLC increased its stake in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 106.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 205,463 shares of the electronics maker's stock after purchasing an additional 105,736 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.38% of Sanmina worth $20,236,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in Sanmina by 265.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker's stock valued at $28,000 after acquiring an additional 265 shares during the period. Banque Transatlantique SA purchased a new position in Sanmina during the 1st quarter valued at $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in Sanmina by 200.0% during the 1st 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 during the period. Quarry LP boosted its holdings in Sanmina by 5,883.3% during the 1st quarter. Quarry LP now owns 718 shares of the electronics maker's stock valued at $55,000 after acquiring an additional 706 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in Sanmina during the 1st quarter valued at $90,000. Institutional investors own 92.71% of the company's stock.

Sanmina Trading Up 0.9%

Shares of NASDAQ SANM opened at $133.12 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.21. The stock has a market capitalization of $7.09 billion, a P/E ratio of 28.51, a price-to-earnings-growth ratio of 1.36 and a beta of 1.19. Sanmina Corporation has a 1-year low of $63.67 and a 1-year high of $160.25. The business has a fifty day moving average price of $119.33 and a 200 day moving average price of $99.67.

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

Wall Street Analysts Forecast Growth

SANM has been the subject of a number of recent analyst reports. Bank of America boosted their price objective on Sanmina from $100.00 to $120.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Weiss Ratings restated a "buy (b)" rating on shares of Sanmina in a report on Wednesday, October 8th. Finally, Wall Street Zen cut Sanmina from a "strong-buy" rating to a "buy" rating in a report on Saturday, October 11th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Sanmina presently has a consensus rating of "Hold" and a consensus target price 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.

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