Fuller & Thaler Asset Management Inc. Purchases 33,966 Shares of 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. grew its stake in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 7.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 478,208 shares of the electronics maker's stock after acquiring an additional 33,966 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 0.89% of Sanmina worth $36,430,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SANM. Caitong International Asset Management Co. Ltd lifted its stake in Sanmina by 200.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 405 shares of the electronics maker's stock worth $31,000 after purchasing an additional 270 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Sanmina during the 4th quarter valued at $90,000. Meeder Asset Management Inc. bought a new stake in shares of Sanmina during the first quarter worth about $90,000. CWM LLC increased its position in Sanmina by 26.1% in 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 during the period. Finally, Sterling Capital Management LLC lifted its holdings in shares of Sanmina by 843.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,726 shares of the electronics maker's stock worth $131,000 after purchasing an additional 1,543 shares during the period. Institutional investors and hedge funds own 92.71% of the company's stock.

Sanmina Stock Up 4.0%

NASDAQ:SANM traded up $4.44 on Friday, hitting $115.48. The stock had a trading volume of 573,653 shares, compared to its average volume of 958,130. The business's fifty day moving average is $105.44 and its 200 day moving average is $89.31. The company has a market cap of $6.15 billion, a PE ratio of 24.73, a P/E/G ratio of 1.69 and a beta of 1.14. The company has a quick ratio of 1.21, a current ratio of 1.91 and a debt-to-equity ratio of 0.12. Sanmina Corporation has a 52 week low of $62.76 and a 52 week high of $125.76.

Sanmina (NASDAQ:SANM - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The electronics maker reported $1.53 EPS for the quarter, beating the consensus estimate of $1.42 by $0.11. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company'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, equities research analysts expect that Sanmina Corporation will post 5.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.