LPL Financial LLC Raises Stake in Sanmina Corporation $SANM

Key Points

• LPL Financial LLC increased its stake in Sanmina Corporation by **24.3%**, bringing its total holdings to **21,331 shares**, valued at approximately **$1.625 million**.
• Sanmina reported **$1.53 earnings per share** for the last quarter, surpassing expectations by **$0.11**, while also achieving **revenue of $2.04 billion**, reflecting a **10.9% year-over-year increase**.
• Analysts have set an average price target for Sanmina shares at **$94.50**, with some rating it as a **Hold**, following a price target increase by **Bank of America** from **$100 to $120**.

LPL Financial LLC lifted its position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 24.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,331 shares of the electronics maker's stock after buying an additional 4,174 shares during the quarter. LPL Financial LLC's holdings in Sanmina were worth $1,625,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SANM. Raymond James Financial Inc. acquired a new position in shares of Sanmina during the 4th quarter worth $2,644,000. Barclays PLC raised its stake in Sanmina by 2.8% in the 4th quarter. Barclays PLC now owns 95,506 shares of the electronics maker's stock valued at $7,227,000 after purchasing an additional 2,643 shares during the last quarter. Mariner LLC raised its stake in Sanmina by 3.5% in the 4th quarter. Mariner LLC now owns 4,510 shares of the electronics maker's stock valued at $341,000 after purchasing an additional 152 shares during the last quarter. GeoWealth Management LLC raised its stake in Sanmina by 3,595.0% in the 4th quarter. GeoWealth Management LLC now owns 2,956 shares of the electronics maker's stock valued at $224,000 after purchasing an additional 2,876 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in Sanmina by 6.8% in the 4th quarter. MetLife Investment Management LLC now owns 32,563 shares of the electronics maker's stock valued at $2,464,000 after purchasing an additional 2,079 shares during the last quarter. Institutional investors and hedge funds own 92.71% of the company's stock.

Sanmina Trading Up 1.5%

SANM traded up $1.73 during midday trading on Wednesday, hitting $116.95. The company's stock had a trading volume of 723,053 shares, compared to its average volume of 793,970. The company has a current ratio of 1.91, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. The firm has a market cap of $6.23 billion, a P/E ratio of 25.04, a PEG ratio of 1.69 and a beta of 1.14. The firm has a 50-day moving average price of $107.05 and a two-hundred day moving average price of $89.89. 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 posted its quarterly earnings results on Monday, July 28th. The electronics maker reported $1.53 EPS for the quarter, beating the consensus estimate of $1.42 by $0.11. The company had revenue of $2.04 billion during the quarter, compared to analysts' expectations 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 quarter in the previous year, the business earned $1.25 EPS. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. On average, research analysts anticipate that Sanmina Corporation will post 5.15 earnings per share for the current year.

Analysts Set New Price Targets

SANM has been the subject of several analyst reports. Wall Street Zen downgraded shares of Sanmina from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Bank of America boosted their target price on shares of 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.com, the company presently has a consensus rating of "Hold" and an average price target 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.