Caisse DE Depot ET Placement DU Quebec Takes Position in Sanmina Corporation $SANM

Key Points

• Caisse DE Depot ET Placement DU Quebec acquired 21,200 shares of Sanmina Corporation, valued at approximately $1,615,000, indicating significant institutional interest in the electronics maker.
• Analysts have reacted positively, with Bank of America raising the price objective on Sanmina from $100.00 to $120.00 and Wall Street Zen upgrading the stock from "buy" to "strong-buy."
• Sanmina reported better-than-expected earnings, achieving $1.53 EPS for its last quarter, surpassing consensus estimates and reflecting a strong revenue growth of 10.9% year-over-year.

Caisse DE Depot ET Placement DU Quebec bought a new stake in Sanmina Corporation (NASDAQ:SANM - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 21,200 shares of the electronics maker's stock, valued at approximately $1,615,000.

A number of other large investors have also recently modified their holdings of SANM. Mariner LLC boosted its holdings in shares of Sanmina by 3.5% in the 4th quarter. Mariner LLC now owns 4,510 shares of the electronics maker's stock valued at $341,000 after purchasing an additional 152 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Sanmina by 4.0% during the 4th quarter. Stifel Financial Corp now owns 11,261 shares of the electronics maker's stock valued at $852,000 after acquiring an additional 431 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Sanmina by 8.1% during the 4th quarter. Northern Trust Corp now owns 799,430 shares of the electronics maker's stock valued at $60,493,000 after acquiring an additional 59,878 shares in the last quarter. Lido Advisors LLC boosted its holdings in shares of Sanmina by 44.3% during the 4th quarter. Lido Advisors LLC now owns 5,024 shares of the electronics maker's stock valued at $380,000 after acquiring an additional 1,542 shares in the last quarter. Finally, Comerica Bank boosted its holdings in shares of Sanmina by 35.3% during the 4th quarter. Comerica Bank now owns 82,257 shares of the electronics maker's stock valued at $6,224,000 after acquiring an additional 21,478 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SANM shares. Bank of America lifted their target price on Sanmina from $100.00 to $120.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Wall Street Zen raised Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $94.50.

Sanmina Price Performance

Shares of SANM stock traded down $1.84 on Wednesday, reaching $115.25. The company's stock had a trading volume of 158,341 shares, compared to its average volume of 516,675. The company has a market capitalization of $6.14 billion, a P/E ratio of 24.66, a PEG ratio of 1.72 and a beta of 1.21. 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 Corporation has a 12-month low of $62.76 and a 12-month high of $125.76. The stock's 50 day simple moving average is $109.17 and its 200-day simple moving average is $90.69.

Sanmina (NASDAQ:SANM - Get Free Report) last released its earnings results on Monday, July 28th. The electronics maker reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.11. The business had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.98 billion. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.The firm's revenue was up 10.9% on a year-over-year basis. During the same quarter 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. As a group, equities analysts predict that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

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.