Hotchkis & Wiley Capital Management LLC Sells 17,635 Shares of Sanmina Corporation $SANM

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its stake in Sanmina Corporation (NASDAQ:SANM) by 19.0%, bringing its holdings down to 75,076 shares valued at approximately $5.72 million.
• Sanmina reported strong financial results for its latest quarter, with earnings per share of $1.53—surpassing analyst expectations of $1.42—and revenues of $2.04 billion, exceeding projected figures of $1.98 billion.
• Research analysts have adjusted their ratings on Sanmina, with a downgrade from "strong-buy" to "buy" by Wall Street Zen, while Bank of America raised its price target from $100 to $120, giving the stock a "neutral" rating.

Hotchkis & Wiley Capital Management LLC lowered its position in Sanmina Corporation (NASDAQ:SANM - Free Report) by 19.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 75,076 shares of the electronics maker's stock after selling 17,635 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.14% of Sanmina worth $5,719,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of Sanmina by 265.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker's stock valued at $28,000 after acquiring an additional 265 shares during the last quarter. Capital Fund Management S.A. bought a new stake in shares of Sanmina during the 1st quarter valued at about $2,850,000. Hsbc Holdings PLC boosted its position in shares of Sanmina by 1.8% during the 1st quarter. Hsbc Holdings PLC now owns 8,659 shares of the electronics maker's stock valued at $659,000 after acquiring an additional 152 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Sanmina by 7.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 478,208 shares of the electronics maker's stock valued at $36,430,000 after acquiring an additional 33,966 shares during the last quarter. Finally, Algert Global LLC bought a new stake in shares of Sanmina during the 1st quarter valued at about $6,863,000. Institutional investors own 92.71% of the company's stock.

Analyst Upgrades and Downgrades

SANM has been the subject of a number of research analyst reports. Bank of America lifted 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. Wall Street Zen downgraded Sanmina from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Sanmina has an average rating of "Hold" and a consensus target price of $94.50.

Sanmina Trading Up 2.1%

Shares of SANM traded up $2.42 during mid-day trading on Thursday, hitting $119.37. 756,270 shares of the company's stock traded hands, compared to its average volume of 761,970. 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 1 year low of $62.76 and a 1 year high of $125.76. The firm has a market capitalization of $6.36 billion, a P/E ratio of 25.56, a PEG ratio of 1.71 and a beta of 1.14. The business's 50-day moving average price is $107.64 and its 200-day moving average price is $90.10.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share for the quarter, topping 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 company had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same period in the prior year, the firm earned $1.25 earnings per share. The firm's revenue for the quarter was up 10.9% on a year-over-year basis. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. As a group, sell-side analysts forecast that Sanmina Corporation will post 5.15 EPS for the current fiscal year.

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.