Sanmina Corporation $SANM Stock Holdings Trimmed by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its holdings in Sanmina Corporation by 12.7%, selling 494,207 shares, leaving them with 3,395,025 shares valued at $258.6 million.
• Several hedge funds have recently altered their investments in Sanmina, with 92.71% of the stock being owned by institutional investors.
• Sanmina's stock price fell to $109.61, with a reported earnings per share of $1.53 which surpassed analysts' expectations of $1.42, alongside a revenue beat of $2.04 billion.

Dimensional Fund Advisors LP trimmed its holdings in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 12.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,395,025 shares of the electronics maker's stock after selling 494,207 shares during the period. Dimensional Fund Advisors LP owned about 6.35% of Sanmina worth $258,631,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Nuveen LLC purchased a new position in Sanmina in the 1st quarter valued at approximately $50,510,000. Alyeska Investment Group L.P. acquired a new stake in shares of Sanmina during the fourth quarter worth $34,868,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Sanmina during the fourth quarter worth $12,928,000. Invesco Ltd. boosted its holdings in Sanmina by 22.7% in the first quarter. Invesco Ltd. now owns 878,849 shares of the electronics maker's stock valued at $66,951,000 after acquiring an additional 162,465 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Sanmina by 10,112.8% in the first quarter. GAMMA Investing LLC now owns 131,030 shares of the electronics maker's stock valued at $9,982,000 after acquiring an additional 129,747 shares during the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SANM has been the topic of several research reports. Wall Street Zen lowered Sanmina from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Bank of America raised their price objective on Sanmina from $100.00 to $120.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Sanmina presently has a consensus rating of "Hold" and an average price target of $94.50.

Sanmina Stock Up 4.0%

Shares of NASDAQ SANM traded up $4.44 during midday trading on Friday, reaching $115.48. 573,653 shares of the company's stock were exchanged, compared to its average volume of 958,130. Sanmina Corporation has a 52-week low of $62.76 and a 52-week high of $125.76. The stock has a market capitalization of $6.15 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 1.69 and a beta of 1.14. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.91. The business's fifty day moving average price is $105.44 and its two-hundred day moving average price is $89.31.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the company earned $1.25 earnings per share. The company's revenue for the quarter was up 10.9% compared to the same quarter last year. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Analysts forecast that Sanmina Corporation will post 5.15 EPS for the current 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.