Earnest Partners LLC Cuts Holdings in Sanmina Corporation $SANM

Key Points

• Earnest Partners LLC reduced its stake in Sanmina Corporation by 3.5%, selling 37,441 shares, and now holds approximately 1.94% of the company, valued at about $78.95 million.
• Sanmina's recent quarterly earnings were strong, with a reported $1.53 earnings per share, exceeding analysts' expectations and showing a revenue increase of 10.9% compared to the previous year.
• Wall Street analysts currently have a consensus rating of "Hold" for Sanmina, with Bank of America raising the price objective to $120.00 from $100.00.

Earnest Partners LLC lessened its holdings in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 3.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,036,377 shares of the electronics maker's stock after selling 37,441 shares during the period. Earnest Partners LLC owned 1.94% of Sanmina worth $78,951,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. XTX Topco Ltd increased its stake in Sanmina by 1.2% in the first quarter. XTX Topco Ltd now owns 11,886 shares of the electronics maker's stock valued at $905,000 after purchasing an additional 140 shares in the last quarter. Mariner LLC increased its stake in Sanmina by 3.5% in the fourth 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. Xponance Inc. increased its stake in Sanmina by 3.4% in the first quarter. Xponance Inc. now owns 4,687 shares of the electronics maker's stock valued at $357,000 after purchasing an additional 152 shares in the last quarter. Hsbc Holdings PLC increased its stake in Sanmina by 1.8% in the first quarter. Hsbc Holdings PLC now owns 8,659 shares of the electronics maker's stock valued at $659,000 after purchasing an additional 152 shares in the last quarter. Finally, SummerHaven Investment Management LLC increased its stake in Sanmina by 1.5% in the first quarter. SummerHaven Investment Management LLC now owns 11,709 shares of the electronics maker's stock valued at $892,000 after purchasing an additional 172 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company's stock.

Analyst Ratings Changes

SANM has been the subject of several research analyst reports. 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 note on Friday, July 11th. Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Sanmina currently has a consensus rating of "Hold" and a consensus target price of $94.50.

Sanmina Stock Down 0.8%

Shares of NASDAQ:SANM traded down $0.99 during midday trading on Tuesday, hitting $116.54. 97,175 shares of the company's stock were exchanged, compared to its average volume of 515,667. 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 stock has a 50 day moving average price of $108.70 and a 200-day moving average price of $90.51. The company has a market cap of $6.21 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21. Sanmina Corporation has a 12 month low of $62.76 and a 12 month high of $125.76.

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

About Sanmina

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.