Sanmina Corporation $SANM Shares Sold by Comerica Bank

Key Points

• Comerica Bank has reduced its holdings in Sanmina Corporation by 6.1% to 77,230 shares, valued at approximately $5.88 million.
• Analysts have recently increased Sanmina's price target from $100.00 to $120.00, with a consensus target price of $94.50 and a current average rating of "Hold."
• Sanmina reported earnings of $1.53 per share for the last quarter, exceeding analyst expectations, with revenues reaching $2.04 billion.

Comerica Bank lowered its position in Sanmina Corporation (NASDAQ:SANM - Free Report) by 6.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,230 shares of the electronics maker's stock after selling 5,027 shares during the period. Comerica Bank owned approximately 0.14% of Sanmina worth $5,883,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in Sanmina by 265.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker's stock valued at $28,000 after buying an additional 265 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Sanmina by 200.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 405 shares of the electronics maker's stock valued at $31,000 after buying an additional 270 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Sanmina in the fourth quarter valued at approximately $90,000. Meeder Asset Management Inc. purchased a new stake in Sanmina in the first quarter valued at approximately $90,000. Finally, CWM LLC lifted its holdings in Sanmina by 26.1% in the first 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. Hedge funds and other institutional investors own 92.71% of the company's stock.

Sanmina Price Performance

Shares of SANM stock traded down $0.79 during trading hours on Wednesday, hitting $116.30. 42,902 shares of the company's stock were exchanged, compared to its average volume of 516,092. 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 firm has a market cap of $6.20 billion, a P/E ratio of 24.90, a P/E/G ratio of 1.72 and a beta of 1.21. The firm has a 50 day moving average of $109.17 and a two-hundred day moving average of $90.69. Sanmina Corporation has a fifty-two week low of $62.76 and a fifty-two week high of $125.76.

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

Analysts Set New Price Targets

SANM has been the subject of a number of analyst reports. Wall Street Zen raised Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday. Bank of America boosted their price target on Sanmina from $100.00 to $120.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock 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.