First Eagle Investment Management LLC Sells 38,300 Shares of Sanmina Corporation $SANM

First Eagle Investment Management LLC lowered its position in shares of Sanmina Corporation (NASDAQ:SANM) by 34.5% in the second quarter, HoldingsChannel reports. The firm owned 72,572 shares of the electronics maker’s stock after selling 38,300 shares during the period. First Eagle Investment Management LLC’s holdings in Sanmina were worth $7,100,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SANM. Banque Pictet & Cie SA acquired a new stake in shares of Sanmina during the first quarter worth approximately $490,000. Moloney Securities Asset Management LLC acquired a new position in shares of Sanmina in the 1st quarter worth approximately $269,000. Nisa Investment Advisors LLC grew its position in Sanmina by 15.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 2,542 shares of the electronics maker’s stock worth $194,000 after acquiring an additional 342 shares during the last quarter. Allworth Financial LP grew its position in Sanmina by 1,906.9% during the 1st quarter. Allworth Financial LP now owns 7,526 shares of the electronics maker’s stock worth $604,000 after acquiring an additional 7,151 shares during the last quarter. Finally, Kesler Norman & Wride LLC increased its holdings in Sanmina by 10.2% during the 1st quarter. Kesler Norman & Wride LLC now owns 11,340 shares of the electronics maker’s stock valued at $864,000 after purchasing an additional 1,052 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SANM. Bank of America increased their target price on Sanmina from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Sanmina in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $120.00.

Sanmina Stock Down 1.3%

Shares of NASDAQ:SANM opened at $170.31 on Friday. The company has a 50 day moving average price of $127.76 and a two-hundred day moving average price of $107.53. 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 company has a market capitalization of $9.07 billion, a PE ratio of 36.47, a PEG ratio of 1.43 and a beta of 1.17. Sanmina Corporation has a 52 week low of $63.67 and a 52 week high of $178.39.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, November 3rd. The electronics maker reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.10. Sanmina had a net margin of 3.22% and a return on equity of 11.30%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. Analysts forecast 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.