Fuller & Thaler Asset Management Inc. Increases Holdings in Sanmina Corporation $SANM

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Sanmina Corporation by 7.6%, owning 478,208 shares valued at $36.43 million by the end of the last quarter.
• Sanmina's earnings report showed an EPS of $1.53, surpassing analysts' expectations, and the company reported a revenue increase of 10.9% compared to the previous year.
• Bank of America raised the target price for Sanmina shares from $100 to $120, while the stock has a market capitalization of $5.99 billion and a consensus target price of $94.50.

Fuller & Thaler Asset Management Inc. lifted its position in Sanmina Corporation (NASDAQ:SANM - Free Report) by 7.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 478,208 shares of the electronics maker's stock after purchasing an additional 33,966 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 0.89% of Sanmina worth $36,430,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bank of Montreal Can increased its position in Sanmina by 13.1% in the 4th quarter. Bank of Montreal Can now owns 6,661 shares of the electronics maker's stock valued at $504,000 after acquiring an additional 769 shares during the period. Raymond James Financial Inc. acquired a new position in Sanmina in the 4th quarter valued at about $2,644,000. Sterling Capital Management LLC increased its position in Sanmina by 843.2% in 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 during the period. Barclays PLC increased its position in Sanmina by 2.8% in the 4th quarter. Barclays PLC now owns 95,506 shares of the electronics maker's stock valued at $7,227,000 after acquiring an additional 2,643 shares during the period. Finally, Mariner LLC increased its position in Sanmina by 3.5% in the 4th quarter. Mariner LLC now owns 4,510 shares of the electronics maker's stock valued at $341,000 after acquiring an additional 152 shares during the period. 92.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Sanmina Stock Performance

Shares of SANM stock traded up $1.3230 during trading hours on Monday, reaching $116.8030. 117,424 shares of the company's stock were exchanged, compared to its average volume of 511,279. The company has a market cap of $6.22 billion, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 1.69 and a beta of 1.14. The company's 50 day moving average is $105.44 and its two-hundred day moving average is $89.32. Sanmina Corporation has a 1 year low of $62.76 and a 1 year high of $125.76. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.21.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly 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 business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.98 billion. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.The company's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.25 EPS. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Equities research 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.