Northern Trust Corp Has $59.54 Million Stock Position in Sanmina Corporation $SANM

Key Points

• Northern Trust Corp has reduced its stake in Sanmina Corporation by 2.2%, selling 17,927 shares and maintaining ownership of approximately 1.46% of the company, valued at $59.5 million.
• Analysts have recently adjusted their ratings on Sanmina, with a notable shift from a "strong-buy" to a "buy," while Bank of America increased its price target from $100 to $120.
• Sanmina reported a better-than-expected quarterly earnings with an EPS of $1.53, surpassing analysts’ estimates of $1.42, alongside a revenue increase of 10.9% year-over-year.

Northern Trust Corp trimmed its holdings in Sanmina Corporation (NASDAQ:SANM - Free Report) by 2.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 781,503 shares of the electronics maker's stock after selling 17,927 shares during the quarter. Northern Trust Corp owned 1.46% of Sanmina worth $59,535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of SANM. Raymond James Financial Inc. acquired a new stake in Sanmina in the 4th quarter valued at about $2,644,000. Mariner LLC lifted its holdings 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 acquiring an additional 152 shares during the last quarter. Stifel Financial Corp lifted its holdings in Sanmina by 4.0% in the 4th quarter. Stifel Financial Corp now owns 11,261 shares of the electronics maker's stock valued at $852,000 after acquiring an additional 431 shares during the last quarter. Lido Advisors LLC lifted its holdings in Sanmina by 44.3% in the 4th quarter. Lido Advisors LLC now owns 5,024 shares of the electronics maker's stock valued at $380,000 after acquiring an additional 1,542 shares during the last quarter. Finally, Comerica Bank raised its holdings in Sanmina by 35.3% during the 4th quarter. Comerica Bank now owns 82,257 shares of the electronics maker's stock worth $6,224,000 after buying an additional 21,478 shares during the period. 92.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Bank of America upped their price objective 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. Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $94.50.

Sanmina Trading Down 1.5%

SANM stock traded down $1.85 during mid-day trading on Monday, reaching $117.52. 638,042 shares of the stock traded hands, compared to its average volume of 689,976. Sanmina Corporation has a 52-week low of $62.76 and a 52-week high of $125.76. The company has a market cap of $6.26 billion, a P/E ratio of 25.16, a P/E/G ratio of 1.72 and a beta of 1.21. 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 stock's fifty day moving average is $108.19 and its 200-day moving average is $90.31.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company posted $1.25 earnings per share. The firm's quarterly 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. As a group, sell-side analysts expect that Sanmina Corporation will post 5.15 earnings per share for the current year.

About Sanmina

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.