Pacifica Partners Inc. Reduces Position in Sanmina Corporation $SANM

Key Points

• Pacifica Partners Inc. reduced its stake in Sanmina Corporation by 18.6% during the second quarter, now holding 14,519 shares valued at approximately $1.42 million.
• Research analysts have updated their ratings, with Wall Street Zen upgrading Sanmina from "buy" to a "strong-buy" rating, while Bank of America increased the price target from $100 to $120.
• Sanmina reported a 10.9% increase in revenue year-over-year, with earnings of $1.53 EPS, surpassing estimates by $0.11 in its latest earnings report.

Pacifica Partners Inc. reduced its stake in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 18.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,519 shares of the electronics maker's stock after selling 3,309 shares during the period. Pacifica Partners Inc.'s holdings in Sanmina were worth $1,424,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of Sanmina by 265.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker's stock valued at $28,000 after acquiring an additional 265 shares in the last quarter. Banque Transatlantique SA bought a new stake in shares of Sanmina in the 1st quarter valued at about $29,000. Caitong International Asset Management Co. Ltd increased its position in shares of Sanmina by 200.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 405 shares of the electronics maker's stock valued at $31,000 after acquiring an additional 270 shares during the last quarter. Quarry LP raised its position in shares of Sanmina by 5,883.3% in the first quarter. Quarry LP now owns 718 shares of the electronics maker's stock valued at $55,000 after buying an additional 706 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Sanmina in the first quarter valued at $90,000. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SANM has been the topic of several recent research reports. Bank of America increased their price objective on Sanmina from $100.00 to $120.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 30th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Sanmina has an average rating of "Hold" and an average price target of $94.50.

Sanmina Stock Performance

Shares of NASDAQ SANM traded down $0.55 during trading hours on Monday, hitting $117.75. 552,436 shares of the stock were exchanged, compared to its average volume of 642,470. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.21. The company's 50 day moving average is $114.10 and its 200 day moving average is $94.25. Sanmina Corporation has a one year low of $63.67 and a one year high of $125.76. The firm has a market capitalization of $6.27 billion, a P/E ratio of 25.21, a P/E/G ratio of 1.73 and a beta of 1.21.

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

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.