Invesco Ltd. Purchases 162,465 Shares of Sanmina Corporation $SANM

Key Points

• Invesco Ltd. increased its stake in Sanmina Corporation by 22.7%, owning approximately $66.95 million, which accounts for 1.64% of the company's total shares.
• Bank of America raised its price target for Sanmina from $100 to $120, while Wall Street Zen downgraded the stock rating from "strong-buy" to "buy."
• Sanmina reported earnings of $1.53 per share for the last quarter, exceeding analyst expectations, with a year-over-year revenue growth of 10.9% to $2.04 billion.

Invesco Ltd. grew its stake in Sanmina Corporation (NASDAQ:SANM - Free Report) by 22.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 878,849 shares of the electronics maker's stock after purchasing an additional 162,465 shares during the period. Invesco Ltd. owned about 1.64% of Sanmina worth $66,951,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Earnest Partners LLC boosted its stake in shares of Sanmina by 1.8% in the 4th quarter. Earnest Partners LLC now owns 1,073,818 shares of the electronics maker's stock valued at $81,256,000 after purchasing an additional 19,144 shares in the last quarter. Frontier Capital Management Co. LLC raised its holdings in Sanmina by 9.9% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,005,158 shares of the electronics maker's stock valued at $76,060,000 after buying an additional 90,627 shares during the last quarter. Global Alpha Capital Management Ltd. raised its holdings in Sanmina by 8.5% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 814,691 shares of the electronics maker's stock valued at $62,063,000 after buying an additional 63,500 shares during the last quarter. Northern Trust Corp raised its holdings in Sanmina by 8.1% in the 4th quarter. Northern Trust Corp now owns 799,430 shares of the electronics maker's stock valued at $60,493,000 after buying an additional 59,878 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in Sanmina by 7.7% in the 1st quarter. Allianz Asset Management GmbH now owns 715,355 shares of the electronics maker's stock valued at $54,496,000 after buying an additional 51,432 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Trading Up 1.3%

Sanmina stock traded up $1.43 during mid-day trading on Thursday, hitting $111.04. 341,946 shares of the stock were exchanged, compared to its average volume of 982,671. 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 12 month low of $62.76 and a 12 month high of $125.76. The firm's fifty day simple moving average is $104.85 and its two-hundred day simple moving average is $89.10. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 1.61 and a beta of 1.14.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on SANM. Wall Street Zen lowered shares of Sanmina from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Bank of America raised their price objective on shares of Sanmina from $100.00 to $120.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently 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.