Allspring Global Investments Holdings LLC Raises Stock Holdings in Sanmina Corporation $SANM

Allspring Global Investments Holdings LLC boosted its holdings in shares of Sanmina Corporation (NASDAQ:SANM) by 106.0% during the second quarter, HoldingsChannel.com reports. The firm owned 205,463 shares of the electronics maker’s stock after purchasing an additional 105,736 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Sanmina were worth $20,236,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Invesco Ltd. boosted its position in Sanmina by 22.7% during the first quarter. Invesco Ltd. now owns 878,849 shares of the electronics maker’s stock worth $66,951,000 after purchasing an additional 162,465 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its position in shares of Sanmina by 8.5% in the first quarter. Global Alpha Capital Management Ltd. now owns 814,691 shares of the electronics maker’s stock valued at $62,063,000 after acquiring an additional 63,500 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Sanmina by 7.7% in the first quarter. Allianz Asset Management GmbH now owns 715,355 shares of the electronics maker’s stock valued at $54,496,000 after acquiring an additional 51,432 shares in the last quarter. Nuveen LLC purchased a new position in shares of Sanmina in the first quarter valued at approximately $50,510,000. Finally, Fuller & Thaler Asset Management Inc. lifted its position in shares of Sanmina by 7.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 478,208 shares of the electronics maker’s stock valued at $36,430,000 after acquiring an additional 33,966 shares in the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Bank of America raised their target price on 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 research report on Wednesday, October 8th. Finally, Wall Street Zen cut Sanmina from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 11th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Sanmina presently has an average rating of “Hold” and an average target price of $94.50.

Sanmina Price Performance

SANM stock opened at $133.12 on Friday. The business has a fifty day moving average of $119.33 and a two-hundred day moving average of $99.67. The company has a quick ratio of 1.21, a current ratio of 1.91 and a debt-to-equity ratio of 0.12. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 1.36 and a beta of 1.19. Sanmina Corporation has a 52-week low of $63.67 and a 52-week high of $160.25.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data 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 business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the firm posted $1.25 earnings per share. The company’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. As a group, research analysts anticipate that Sanmina Corporation will post 5.15 earnings per share 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.