Charles Schwab Investment Management Inc. Lowers Stock Holdings in Sanmina Corporation $SANM

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Sanmina Corporation (NASDAQ: SANM) by 0.7%, owning 605,910 shares valued at approximately $46.16 million after selling 4,157 shares in the first quarter.
• About 92.71% of Sanmina's stock is owned by institutional investors and hedge funds, indicating strong institutional interest in the company.
• Sanmina recently reported an earnings per share of $1.53 for the last quarter, which surpassed analysts' expectations by $0.11 and demonstrated a year-over-year revenue growth of 10.9%.

Charles Schwab Investment Management Inc. trimmed its stake in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 605,910 shares of the electronics maker's stock after selling 4,157 shares during the period. Charles Schwab Investment Management Inc. owned about 1.13% of Sanmina worth $46,158,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of Sanmina during the 1st quarter valued at approximately $90,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Sanmina during the 4th quarter valued at approximately $90,000. CWM LLC lifted its position in shares of Sanmina by 26.1% during the 1st quarter. CWM LLC now owns 1,466 shares of the electronics maker's stock valued at $112,000 after acquiring an additional 303 shares during the period. GAMMA Investing LLC lifted its position in shares of Sanmina by 34.1% during the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the electronics maker's stock valued at $131,000 after acquiring an additional 437 shares during the period. Finally, Sterling Capital Management LLC lifted its position in shares of Sanmina by 843.2% during the 4th quarter. Sterling Capital Management LLC now owns 1,726 shares of the electronics maker's stock valued at $131,000 after acquiring an additional 1,543 shares during the period. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SANM shares. Bank of America lifted their price target on shares of Sanmina from $100.00 to $120.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Wall Street Zen downgraded shares of Sanmina from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $94.50.

Sanmina Price Performance

Shares of SANM traded up $1.43 during mid-day trading on Thursday, reaching $111.04. 341,946 shares of the company's stock were exchanged, compared to its average volume of 982,671. The company has a quick ratio of 1.21, a current ratio of 1.91 and a debt-to-equity ratio of 0.12. The company has a 50-day simple moving average of $104.85 and a two-hundred day simple moving average of $89.10. Sanmina Corporation has a 52-week low of $62.76 and a 52-week high of $125.76. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 1.61 and a beta of 1.14.

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