Sanmina Corporation $SANM Stock Holdings Decreased by Deutsche Bank AG

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Deutsche Bank AG lessened its stake in Sanmina Corporation (NASDAQ:SANM - Free Report) by 8.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,182 shares of the electronics maker's stock after selling 4,191 shares during the quarter. Deutsche Bank AG owned about 0.08% of Sanmina worth $3,442,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Sanmina during the 4th quarter valued at $90,000. Meeder Asset Management Inc. acquired a new position in shares of Sanmina during the 1st quarter valued at $90,000. CWM LLC lifted its holdings 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 in the last quarter. Sterling Capital Management LLC lifted its holdings 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 in the last quarter. Finally, GAMMA Investing LLC lifted its holdings 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 in the last quarter. Institutional investors and hedge funds own 92.71% of the company's stock.

Analyst Ratings Changes

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

Sanmina Stock Up 4.0%

Sanmina stock traded up $4.44 during midday trading on Friday, hitting $115.48. 573,653 shares of the stock were exchanged, compared to its average volume of 958,130. Sanmina Corporation has a 1 year low of $62.76 and a 1 year high of $125.76. The firm has a market cap of $6.15 billion, a P/E ratio of 24.73, a P/E/G ratio of 1.69 and a beta of 1.14. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.21. The company has a 50 day moving average price of $105.44 and a two-hundred day moving average price of $89.31.

Sanmina (NASDAQ:SANM - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.11. Sanmina had a net margin of 3.22% and a return on equity of 11.30%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the firm posted $1.25 EPS. The firm's quarterly 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 earnings per share 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.