Sanmina Corporation $SANM Shares Acquired by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Sanmina Corporation by 20.7%, acquiring an additional 4,513 shares during the first quarter, bringing their total holdings to 26,315 shares valued at $2,005,000.
• Sanmina reported a quarterly EPS of $1.53, surpassing analysts' expectations of $1.42, alongside a revenue of $2.04 billion, up 10.9% year-over-year.
• Institutional investors own 92.71% of Sanmina's stock, demonstrating significant interest from major stakeholders in the company's performance.

Russell Investments Group Ltd. grew its holdings in Sanmina Corporation (NASDAQ:SANM - Free Report) by 20.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 26,315 shares of the electronics maker's stock after buying an additional 4,513 shares during the period. Russell Investments Group Ltd.'s holdings in Sanmina were worth $2,005,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in Sanmina during the 1st quarter valued at approximately $90,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Sanmina in the fourth quarter valued at approximately $90,000. CWM LLC increased its holdings in shares of Sanmina by 26.1% in the first quarter. CWM LLC now owns 1,466 shares of the electronics maker's stock valued at $112,000 after purchasing an additional 303 shares during the period. GAMMA Investing LLC raised its stake in shares of Sanmina by 34.1% during the first quarter. GAMMA Investing LLC now owns 1,720 shares of the electronics maker's stock worth $131,000 after purchasing an additional 437 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Sanmina by 15.5% during the first quarter. Nisa Investment Advisors LLC now owns 2,542 shares of the electronics maker's stock worth $194,000 after purchasing an additional 342 shares during the period. Hedge funds and other institutional investors own 92.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SANM. Bank of America boosted 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 upgraded shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $94.50.

Sanmina Price Performance

NASDAQ:SANM traded down $1.85 during trading hours on Monday, hitting $117.52. The company's stock had a trading volume of 638,042 shares, 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 debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.91. The business's 50-day moving average is $108.19 and its two-hundred day moving average is $90.31. The company has a market capitalization of $6.26 billion, a PE ratio of 25.16, a PEG ratio of 1.72 and a beta of 1.21.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.11. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.98 billion. Sanmina had a net margin of 3.22% and a return on equity of 11.30%. The business's revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.25 EPS. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. As a group, research analysts anticipate that Sanmina Corporation will post 5.15 EPS for the current fiscal year.

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.