Great Lakes Advisors LLC Sells 10,806 Shares of Sanmina Corporation $SANM

Key Points

• Great Lakes Advisors LLC has reduced its stake in Sanmina Corporation by 15.4%, selling 10,806 shares and owning approximately 0.11% of the company, valued at $4.5 million.
• Sanmina’s quarterly earnings surpassed analysts' expectations, reporting an EPS of $1.53 and revenue of $2.04 billion, leading to a 10.9% year-over-year revenue increase.
• Institutional investors own a significant majority of Sanmina, with 92.71% of the company's stock held by these investors, highlighting strong interest in the firm.

Great Lakes Advisors LLC lessened its stake in Sanmina Corporation (NASDAQ:SANM - Free Report) by 15.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,379 shares of the electronics maker's stock after selling 10,806 shares during the period. Great Lakes Advisors LLC owned 0.11% of Sanmina worth $4,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in Sanmina in the first quarter valued at about $50,510,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Sanmina during the 4th quarter valued at $12,928,000. Invesco Ltd. lifted its holdings in Sanmina by 22.7% in the 1st quarter. Invesco Ltd. now owns 878,849 shares of the electronics maker's stock worth $66,951,000 after buying an additional 162,465 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Sanmina by 10,112.8% in the 1st quarter. GAMMA Investing LLC now owns 131,030 shares of the electronics maker's stock worth $9,982,000 after buying an additional 129,747 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Sanmina by 38.6% in the 4th quarter. Millennium Management LLC now owns 406,862 shares of the electronics maker's stock worth $30,787,000 after purchasing an additional 113,314 shares during the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SANM has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 30th. Bank of America increased their price target on shares of Sanmina from $100.00 to $120.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $94.50.

Sanmina Trading Down 0.6%

Shares of SANM traded down $0.72 on Friday, reaching $117.03. 851,707 shares of the company's stock were exchanged, compared to its average volume of 588,325. The stock has a market capitalization of $6.24 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21. The business has a 50 day moving average price of $112.35 and a two-hundred day moving average price of $92.40. The company has a current ratio of 1.91, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. Sanmina Corporation has a 12 month low of $63.67 and a 12 month high of $125.76.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The electronics maker reported $1.53 earnings per share (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 was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 earnings per share. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Research analysts anticipate that Sanmina Corporation will post 5.15 earnings per share for the current year.

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.