Amundi Lowers Stock Holdings in Sanmina Corporation $SANM

Key Points

• Amundi cut its Sanmina stake by 79.4% in the second quarter, selling 9,375 shares and retaining 2,426 shares valued at approximately $614,000.
• Other institutional investors increased exposure significantly, including BlackRock and Bank of America, while institutional investors collectively own 92.71% of Sanmina’s stock.
• Sanmina reported stronger-than-expected quarterly results, with $3.31 in EPS and $3.46 billion in revenue, up 69.7% year over year. Analysts maintain a “Moderate Buy” consensus rating with a $198.33 price target.

Amundi lowered its stake in Sanmina Corporation (NASDAQ:SANM - Free Report) by 79.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,426 shares of the electronics maker's stock after selling 9,375 shares during the quarter. Amundi's holdings in Sanmina were worth $614,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of Sanmina during the second quarter valued at approximately $1,390,702,000. Bank of America Corp DE purchased a new stake in shares of Sanmina during the second quarter worth approximately $189,012,000. Norges Bank purchased a new stake in shares of Sanmina during the fourth quarter worth approximately $101,751,000. Fisher Asset Management LLC raised its stake in Sanmina by 289.6% in the 4th quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker's stock valued at $97,571,000 after purchasing an additional 483,312 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its stake in Sanmina by 365.4% in the 2nd quarter. Alyeska Investment Group L.P. now owns 504,067 shares of the electronics maker's stock valued at $127,569,000 after purchasing an additional 395,764 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company's stock.

Sanmina Stock Down 2.3%

SANM stock opened at $191.61 on Wednesday. Sanmina Corporation has a one year low of $110.44 and a one year high of $288.68. The firm has a market cap of $10.27 billion, a PE ratio of 34.28, a PEG ratio of 0.69 and a beta of 1.60. The firm's 50 day moving average price is $200.09 and its 200-day moving average price is $197.48. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.06 and a current ratio of 1.78.

Sanmina (NASDAQ:SANM - Get Free Report) last posted its earnings results on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, beating analysts' consensus estimates of $2.77 by $0.54. The company had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The company's revenue for the quarter was up 69.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.53 earnings per share. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. On average, equities research analysts anticipate that Sanmina Corporation will post 10.41 EPS for the current year.

Wall Street Analysts Forecast Growth

SANM has been the subject of a number of research reports. Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. JPMorgan Chase & Co. decreased their price target on shares of Sanmina from $275.00 to $260.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 28th. Zacks Research raised shares of Sanmina from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of Sanmina from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $198.33.

Sanmina Company Profile

Sanmina Corporation NASDAQ: SANM is a global provider of integrated manufacturing, engineering and supply chain services for original equipment manufacturers. The company designs, builds and supports complex electronic and mechanical products, helping customers manage product development, production, logistics and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, electromechanical manufacturing, precision machining, enclosures, optical and radio-frequency components, testing, repair and product fulfillment.

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