Invesco Ltd. Has $66.95 Million Holdings in 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. lifted its holdings in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 22.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 878,849 shares of the electronics maker's stock after acquiring an additional 162,465 shares during the quarter. 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 large investors have also added to or reduced their stakes in SANM. GAMMA Investing LLC boosted its holdings in Sanmina by 34.1% in the first quarter. GAMMA Investing LLC now owns 1,720 shares of the electronics maker's stock valued at $131,000 after purchasing an additional 437 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Sanmina by 10.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,210 shares of the electronics maker's stock worth $397,000 after buying an additional 476 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Sanmina by 87.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,311 shares of the electronics maker's stock worth $785,000 after acquiring an additional 4,810 shares during the period. Squarepoint Ops LLC raised its holdings in shares of Sanmina by 60.0% during the fourth quarter. Squarepoint Ops LLC now owns 40,546 shares of the electronics maker's stock valued at $3,068,000 after buying an additional 15,197 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Sanmina in the fourth quarter worth about $2,644,000. 92.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SANM shares. Wall Street Zen downgraded Sanmina from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Bank of America lifted their target price on Sanmina from $100.00 to $120.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Sanmina currently has a consensus rating of "Hold" and a consensus price target of $94.50.

Sanmina Price Performance

Shares of Sanmina stock traded down $2.2390 during midday trading on Wednesday, reaching $110.2310. The company had a trading volume of 191,609 shares, compared to its average volume of 512,318. 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 1-year low of $62.76 and a 1-year high of $125.76. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 1.72 and a beta of 1.14. The stock has a fifty day simple moving average of $103.94 and a 200 day simple moving average of $88.76.

Sanmina (NASDAQ:SANM - Get Free Report) last posted 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. 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 firm's revenue was up 10.9% on a year-over-year basis. During the same period last year, the company earned $1.25 EPS. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. As a group, equities research analysts forecast that Sanmina Corporation will post 5.15 earnings per share for the current 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.