Assenagon Asset Management S.A. Sells 162,969 Shares of Sanmina Corporation $SANM

Key Points

• Assenagon Asset Management S.A. has significantly reduced its stake in Sanmina Corporation by 83.1%, now holding only 33,053 shares after selling 162,969 shares during the second quarter.
• Sanmina reported better-than-expected quarterly earnings, with $1.53 EPS exceeding analysts' estimates of $1.42, and a year-over-year revenue increase of 10.9%.
• Analysts have varied opinions on Sanmina, with Wall Street Zen upgrading the stock from "buy" to "strong-buy" and Bank of America raising its price target to $120.

Assenagon Asset Management S.A. decreased its position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 83.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,053 shares of the electronics maker's stock after selling 162,969 shares during the quarter. Assenagon Asset Management S.A. owned about 0.06% of Sanmina worth $3,234,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Nuveen LLC bought a new stake in Sanmina during the 1st quarter valued at $50,510,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Sanmina during the fourth quarter valued at about $12,928,000. Invesco Ltd. increased its position in shares of Sanmina by 22.7% during the first 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 in the last quarter. GAMMA Investing LLC raised its holdings in shares of Sanmina by 10,112.8% in the 1st quarter. GAMMA Investing LLC now owns 131,030 shares of the electronics maker's stock worth $9,982,000 after acquiring an additional 129,747 shares during the last quarter. Finally, Algert Global LLC bought a new position in Sanmina in the 1st quarter valued at about $6,863,000. 92.71% of the stock is currently owned by institutional investors.

Sanmina Stock Performance

Shares of SANM opened at $113.17 on Thursday. The stock has a 50 day moving average of $114.57 and a 200 day moving average of $94.54. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 1.72 and a beta of 1.21. Sanmina Corporation has a 12 month low of $63.67 and a 12 month high of $125.76. 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 (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings data 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. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the company earned $1.25 EPS. The business's revenue for the quarter was up 10.9% on a year-over-year basis. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. As a group, sell-side analysts forecast that Sanmina Corporation will post 5.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Sanmina 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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