Sanmina Corporation $SANM Shares Sold by Oliver Luxxe Assets LLC

Key Points

• Oliver Luxxe Assets LLC cut its Sanmina stake by 32.4% in the second quarter, selling 16,554 shares and retaining 34,464 shares worth approximately $8.7 million. Institutional investors and hedge funds collectively own 92.71% of SANM.
• Sanmina reported quarterly EPS of $3.31, exceeding estimates of $2.77, while revenue reached $3.46 billion and grew 69.7% year over year. The company issued fiscal 2026 EPS guidance of $11.90–$12.20.
• Analyst sentiment remains positive overall, with Sanmina carrying a “Moderate Buy” consensus rating and an average price target of $198.33; however, JPMorgan lowered its target from $275 to $260 while maintaining a neutral rating.

Oliver Luxxe Assets LLC reduced its position in Sanmina Corporation (NASDAQ:SANM - Free Report) by 32.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,464 shares of the electronics maker's stock after selling 16,554 shares during the period. Sanmina makes up about 1.3% of Oliver Luxxe Assets LLC's holdings, making the stock its 17th biggest holding. Oliver Luxxe Assets LLC owned approximately 0.06% of Sanmina worth $8,722,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Invesco Ltd. boosted its holdings in Sanmina by 22.0% in the fourth quarter. Invesco Ltd. now owns 2,667,240 shares of the electronics maker's stock valued at $400,273,000 after purchasing an additional 481,588 shares during the last quarter. Geode Capital Management LLC grew its stake in Sanmina by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker's stock valued at $244,500,000 after purchasing an additional 58,529 shares in the last quarter. Bank of America Corp DE increased its holdings in Sanmina by 14.6% during the 1st quarter. Bank of America Corp DE now owns 945,382 shares of the electronics maker's stock worth $122,559,000 after purchasing an additional 120,164 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Sanmina by 57.5% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 762,365 shares of the electronics maker's stock worth $98,833,000 after purchasing an additional 278,465 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Sanmina by 17.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 732,369 shares of the electronics maker's stock valued at $109,907,000 after purchasing an additional 108,202 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on SANM. JPMorgan Chase & Co. reduced their target price on Sanmina from $275.00 to $260.00 and set a "neutral" rating for the company in a research note on Tuesday, July 28th. Weiss Ratings upgraded shares of Sanmina from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, July 15th. Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. Finally, Zacks Research upgraded shares of Sanmina from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Sanmina currently has an average rating of "Moderate Buy" and an average target price of $198.33.

Sanmina Stock Performance

Shares of NASDAQ SANM opened at $202.73 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71. The firm's 50-day moving average price is $225.88 and its two-hundred day moving average price is $188.95. Sanmina Corporation has a 52-week low of $108.36 and a 52-week high of $288.68. The stock has a market capitalization of $10.87 billion, a P/E ratio of 36.27, a P/E/G ratio of 0.71 and a beta of 1.59.

Sanmina (NASDAQ:SANM - Get Free Report) last posted its earnings results on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, beating the consensus estimate of $2.77 by $0.54. The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The business's revenue was up 69.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.53 earnings per share. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. As a group, sell-side analysts forecast that Sanmina Corporation will post 10.41 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Jonathan P. Faust sold 10,076 shares of the company's stock in a transaction on Friday, May 29th. The stock was sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the completion of the transaction, the chief financial officer directly owned 77,000 shares in the company, valued at $20,466,600. This represents a 11.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is currently owned by insiders.

Sanmina Company Profile

Sanmina Corporation is a leading global electronics manufacturing services (EMS) provider specializing in the design, production and end-to-end supply chain solutions for complex electronic products. Founded in 1980, the company has built a reputation for delivering high-reliability manufacturing across a wide range of industries, including communications, computing, aerospace and defense, medical, automotive and industrial sectors.

Sanmina's core offerings encompass product design and engineering support, precision PCB fabrication and assembly, system integration, testing, and final system deployment.

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