American Century Companies Inc. Sells 224,904 Shares of Sanmina Corporation $SANM

Key Points

• American Century Companies Inc. has reduced its stake in Sanmina Corporation by 26.3%, now holding 630,776 shares valued at approximately $48 million.
• Recent analyst reports show a downgrade of Sanmina from "strong-buy" to "buy" by Wall Street Zen, while Bank of America raised its price target from $100 to $120.
• Sanmina reported a Q4 earnings beat with a net revenue of $2.04 billion, exceeding analyst expectations, alongside setting guidance for Q4 2025 at 1.520-1.620 EPS.

American Century Companies Inc. reduced its holdings in Sanmina Corporation (NASDAQ:SANM - Free Report) by 26.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 630,776 shares of the electronics maker's stock after selling 224,904 shares during the period. American Century Companies Inc. owned about 1.18% of Sanmina worth $48,053,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its position 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 during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Sanmina by 10.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,210 shares of the electronics maker's stock valued at $397,000 after purchasing an additional 476 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Sanmina by 87.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,311 shares of the electronics maker's stock worth $785,000 after acquiring an additional 4,810 shares during the period. Squarepoint Ops LLC lifted its position in shares of Sanmina by 60.0% in the 4th quarter. Squarepoint Ops LLC now owns 40,546 shares of the electronics maker's stock worth $3,068,000 after acquiring an additional 15,197 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Sanmina in the 4th quarter worth approximately $2,644,000. 92.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SANM. Bank of America raised their price objective on Sanmina from $100.00 to $120.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Wall Street Zen downgraded Sanmina from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Sanmina has a consensus rating of "Hold" and a consensus price target of $94.50.

Sanmina Price Performance

SANM stock traded down $0.04 during midday trading on Monday, reaching $115.44. 481,165 shares of the company's stock traded hands, compared to its average volume of 947,193. The company has a 50-day simple moving average of $105.99 and a two-hundred day simple moving average of $89.52. Sanmina Corporation has a 1-year low of $62.76 and a 1-year high of $125.76. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 1.69 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 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 firm had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same period last year, the firm 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. On average, analysts anticipate 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.