Ritholtz Wealth Management Increases Stake in Sanmina Corporation $SANM

Key Points

• Ritholtz Wealth Management increased its stake in Sanmina Corporation (NASDAQ: SANM) by 24.4% during Q2, bringing its total holdings to 11,122 shares valued at $1,088,000.
• Sanmina reported a quarterly earnings per share of $1.53, exceeding estimates and achieving significant revenue growth of 10.9% year-over-year.
• Despite recent fluctuations, analysts have mixed ratings on Sanmina, with a consensus rating of "Hold" and an average price target of $94.50.

Ritholtz Wealth Management boosted its position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 24.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 11,122 shares of the electronics maker's stock after purchasing an additional 2,179 shares during the quarter. Ritholtz Wealth Management's holdings in Sanmina were worth $1,088,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Invesco Ltd. grew its position in Sanmina by 22.7% during the 1st quarter. Invesco Ltd. now owns 878,849 shares of the electronics maker's stock valued at $66,951,000 after purchasing an additional 162,465 shares during the last quarter. Global Alpha Capital Management Ltd. grew its position in Sanmina by 8.5% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 814,691 shares of the electronics maker's stock valued at $62,063,000 after purchasing an additional 63,500 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Sanmina by 7.7% during the 1st quarter. Allianz Asset Management GmbH now owns 715,355 shares of the electronics maker's stock valued at $54,496,000 after acquiring an additional 51,432 shares during the period. Nuveen LLC bought a new position in Sanmina during the 1st quarter valued at about $50,510,000. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in Sanmina by 7.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 478,208 shares of the electronics maker's stock valued at $36,430,000 after acquiring an additional 33,966 shares during the period. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Price Performance

Shares of NASDAQ:SANM opened at $129.25 on Friday. The firm's 50 day moving average price is $119.49 and its 200-day moving average price is $100.04. Sanmina Corporation has a twelve month low of $63.67 and a twelve month high of $160.25. The company has a quick ratio of 1.21, a current ratio of 1.91 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $6.89 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.38 and a beta of 1.19.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The electronics maker reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.11. Sanmina had a net margin of 3.22% and a return on equity of 11.30%. The firm had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter in the prior year, the business earned $1.25 EPS. The business's quarterly revenue was up 10.9% on a year-over-year basis. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Equities research analysts expect that Sanmina Corporation will post 5.15 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on SANM. Weiss Ratings restated a "buy (b)" rating on shares of Sanmina in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Sanmina from a "strong-buy" rating to a "buy" rating in a research note on Saturday, October 11th. Finally, Bank of America upped 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. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Sanmina has a consensus rating of "Hold" and an average 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.

Want to see what other hedge funds are holding SANM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sanmina Corporation (NASDAQ:SANM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.