Sanmina Corporation $SANM Shares Purchased by Foster & Motley Inc.

Key Points

• Foster & Motley Inc. boosted its holdings in Sanmina Corporation by 101.4%, acquiring an additional 13,237 shares, which increased their total to 26,291 shares valued at approximately $2.57 million.
• Sanmina reported a quarterly EPS of $1.53, exceeding estimates by $0.11, and posted revenues of $2.04 billion which were up 10.9% year-over-year.
• Current institutional ownership of Sanmina stands at 92.71%, showing strong interest from institutional investors, including new stakes by several funds.

Foster & Motley Inc. increased its position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 101.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,291 shares of the electronics maker's stock after purchasing an additional 13,237 shares during the period. Foster & Motley Inc.'s holdings in Sanmina were worth $2,572,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its position 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 valued at $131,000 after acquiring an additional 437 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Sanmina by 10.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,210 shares of the electronics maker's stock valued at $397,000 after acquiring an additional 476 shares during the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Sanmina during the second quarter valued at about $1,693,000. Strs Ohio acquired a new stake in shares of Sanmina during the first quarter valued at about $1,196,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Sanmina by 87.4% during the first quarter. Janney Montgomery Scott LLC now owns 10,311 shares of the electronics maker's stock valued at $785,000 after acquiring an additional 4,810 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Trading Down 2.9%

Shares of SANM stock opened at $129.25 on Friday. 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 stock has a market capitalization of $6.89 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 1.34 and a beta of 1.19. The company has a 50 day moving average price of $119.49 and a 200 day moving average price of $100.20. Sanmina Corporation has a fifty-two week low of $63.67 and a fifty-two week high of $160.25.

Sanmina (NASDAQ:SANM - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The electronics maker reported $1.53 EPS 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 company had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter in the previous year, the business posted $1.25 EPS. The firm'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. Equities research analysts predict that Sanmina Corporation will post 5.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SANM has been the subject of a number of recent analyst reports. Bank of America lifted their price target on shares of Sanmina from $100.00 to $120.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Weiss Ratings restated a "buy (b)" rating on shares of Sanmina in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Sanmina from a "buy" rating to a "strong-buy" rating in a report on Sunday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Sanmina has an average rating of "Hold" and an average price target 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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