Envestnet Portfolio Solutions Inc. Buys 5,392 Shares of Sanmina Corporation $SANM

Key Points

• Envestnet Portfolio Solutions Inc. increased its stake in Sanmina Corporation by 145.9% in Q2, acquiring an additional 5,392 shares, bringing their total holding to 9,087 shares valued at $889,000.
• Sanmina reported earnings of $1.53 per share for the last quarter, exceeding analyst estimates of $1.42, and achieved a revenue of $2.04 billion against expectations of $1.98 billion.
• Analysts have upgraded Sanmina's stock rating to "strong-buy" and adjusted the price target from $100 to $120, reflecting increasing investor optimism.

Envestnet Portfolio Solutions Inc. lifted its stake in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 145.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,087 shares of the electronics maker's stock after acquiring an additional 5,392 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Sanmina were worth $889,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Sequoia Financial Advisors LLC bought a new stake in shares of Sanmina during the second quarter worth $234,000. Allspring Global Investments Holdings LLC grew its position in Sanmina by 106.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 205,463 shares of the electronics maker's stock valued at $20,236,000 after purchasing an additional 105,736 shares in the last quarter. CWM LLC grew its position in Sanmina by 18.9% in the second quarter. CWM LLC now owns 1,743 shares of the electronics maker's stock valued at $171,000 after purchasing an additional 277 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new position in Sanmina in the second quarter valued at $210,000. Finally, Blue Trust Inc. grew its position in Sanmina by 44.5% in the second quarter. Blue Trust Inc. now owns 1,954 shares of the electronics maker's stock valued at $191,000 after purchasing an additional 602 shares in the last quarter. Institutional investors own 92.71% of the company's stock.

Sanmina Stock Performance

Shares of SANM opened at $129.25 on Monday. The firm has a 50-day moving average of $119.49 and a 200-day moving average of $100.42. 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 market cap of $6.89 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.34 and a beta of 1.19. Sanmina Corporation has a one year low of $63.67 and a one year high of $160.25.

Sanmina (NASDAQ:SANM - Get Free Report) last posted 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. The company had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.98 billion. Sanmina had a net margin of 3.22% and a return on equity of 11.30%. Sanmina's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.25 EPS. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. As a group, equities analysts forecast that Sanmina Corporation will post 5.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on SANM. Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Sunday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Sanmina in a research report on Wednesday, October 8th. Finally, Bank of America raised their target price 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. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Sanmina has a consensus rating of "Hold" and an average target price of $94.50.

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.

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