Moran Wealth Management LLC Sells 3,534 Shares of Sanmina Corporation $SANM

Key Points

• Moran Wealth Management LLC reduced its stake in Sanmina Corporation by 12.3%, selling 3,534 shares and retaining 25,149 shares valued at $2.46 million as of their latest filing.
• Sanmina reported a Q2 earnings per share of $1.53, exceeding estimates, alongside a revenue of $2.04 billion, indicating a year-over-year revenue growth of 10.9%.
• Analysts have mixed views on Sanmina, with recent target price adjustments including a raise by Bank of America to $120 and a downgrade by Wall Street Zen from "strong-buy" to "buy".

Moran Wealth Management LLC cut its holdings in Sanmina Corporation (NASDAQ:SANM - Free Report) by 12.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,149 shares of the electronics maker's stock after selling 3,534 shares during the period. Moran Wealth Management LLC's holdings in Sanmina were worth $2,460,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nuveen LLC acquired a new stake in shares of Sanmina during the 1st quarter worth approximately $50,510,000. Invesco Ltd. boosted its stake in Sanmina by 22.7% during the first quarter. Invesco Ltd. now owns 878,849 shares of the electronics maker's stock worth $66,951,000 after acquiring an additional 162,465 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Sanmina by 106.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 205,463 shares of the electronics maker's stock worth $20,236,000 after purchasing an additional 105,736 shares during the period. Algert Global LLC bought a new stake in Sanmina in the first quarter valued at $6,863,000. Finally, Beacon Harbor Wealth Advisors Inc. acquired a new position in shares of Sanmina during the first quarter valued at about $5,524,000. 92.71% of the stock is owned by institutional investors and hedge funds.

Sanmina Stock Performance

Shares of SANM opened at $131.94 on Thursday. The firm has a market capitalization of $7.03 billion, a P/E ratio of 28.25, a P/E/G ratio of 1.30 and a beta of 1.19. Sanmina Corporation has a 52 week low of $63.67 and a 52 week high of $160.25. The stock has a 50 day moving average price of $119.04 and a two-hundred day moving average price of $99.28. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.91.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.11. The company had revenue of $2.04 billion for 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%.Sanmina's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.25 earnings per share. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Equities analysts forecast that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SANM has been the subject of several research reports. Bank of America raised 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. Weiss Ratings reissued a "buy (b)" rating on shares of Sanmina in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered Sanmina from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 11th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently 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.

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