Nuveen LLC Buys New Position in Sanmina Corporation $SANM

Key Points

• Nuveen LLC has made a significant investment of approximately $50.51 million in Sanmina Corporation, acquiring about 663,039 shares, which now represents 1.24% of the company's stock.
• Sanmina reported strong quarterly earnings, posting an EPS of $1.53, exceeding estimates, with revenues increasing by 10.9% year-over-year to $2.04 billion.
• Institutional investors hold approximately 92.71% of Sanmina's stock, indicating strong confidence in the company's future performance.

Nuveen LLC purchased a new position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 663,039 shares of the electronics maker's stock, valued at approximately $50,510,000. Nuveen LLC owned approximately 1.24% of Sanmina as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Sanmina during the 4th quarter worth $90,000. Meeder Asset Management Inc. acquired a new position in Sanmina in the 1st quarter worth about $90,000. CWM LLC increased its holdings in Sanmina by 26.1% in the 1st quarter. CWM LLC now owns 1,466 shares of the electronics maker's stock worth $112,000 after purchasing an additional 303 shares in the last quarter. Sterling Capital Management LLC increased its holdings in Sanmina by 843.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,726 shares of the electronics maker's stock worth $131,000 after purchasing an additional 1,543 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Sanmina by 34.1% in the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the electronics maker's stock worth $131,000 after purchasing an additional 437 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company's stock.

Sanmina Trading Down 2.9%

Shares of NASDAQ SANM traded down $3.45 during trading on Tuesday, reaching $113.96. The company had a trading volume of 145,196 shares, compared to its average volume of 510,537. The company's fifty day moving average price is $103.46 and its 200-day moving average price is $88.59. Sanmina Corporation has a 12 month low of $62.76 and a 12 month high of $125.76. The stock has a market cap of $6.07 billion, a P/E ratio of 24.40, a PEG ratio of 1.71 and a beta of 1.14. 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 (NASDAQ:SANM - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The electronics maker reported $1.53 EPS 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 firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the company posted $1.25 EPS. The business's revenue was up 10.9% on a year-over-year basis. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. As a group, research analysts expect that Sanmina Corporation will post 5.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SANM shares. Wall Street Zen cut Sanmina from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Bank of America upped their target price on Sanmina from $100.00 to $120.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $94.50.

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.