Geode Capital Management LLC Sells 22,655 Shares of Sanmina Corporation $SANM

Geode Capital Management LLC lowered its position in shares of Sanmina Corporation (NASDAQ:SANM) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,574,994 shares of the electronics maker’s stock after selling 22,655 shares during the period. Geode Capital Management LLC owned approximately 2.96% of Sanmina worth $154,097,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in 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 purchasing an additional 265 shares during the last quarter. Banque Transatlantique SA bought a new stake in Sanmina in the 1st quarter worth about $29,000. Caitong International Asset Management Co. Ltd raised its position in Sanmina by 200.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 405 shares of the electronics maker’s stock worth $31,000 after buying an additional 270 shares during the last quarter. Harbour Investments Inc. lifted its stake in Sanmina by 1,612.9% during the 2nd quarter. Harbour Investments Inc. now owns 531 shares of the electronics maker’s stock valued at $52,000 after acquiring an additional 500 shares during the period. Finally, Quarry LP lifted its stake in Sanmina by 5,883.3% during the 1st quarter. Quarry LP now owns 718 shares of the electronics maker’s stock valued at $55,000 after acquiring an additional 706 shares during the period. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Sanmina Stock Performance

Shares of NASDAQ SANM opened at $156.45 on Wednesday. Sanmina Corporation has a 12-month low of $63.67 and a 12-month high of $178.39. The firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of 33.50, a price-to-earnings-growth ratio of 1.43 and a beta of 1.17. The company has a current ratio of 1.91, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $134.06 and a 200 day moving average of $112.11.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, November 3rd. The electronics maker reported $1.67 earnings per share for the quarter, topping 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 business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period last year, the firm earned $1.43 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. On average, research analysts anticipate that Sanmina Corporation will post 5.15 earnings per share for the current year.

Wall Street Analyst Weigh In

SANM has been the subject of several research reports. Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Wall Street Zen downgraded shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Sanmina in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Sanmina currently has a consensus rating of “Buy” and an average target price of $120.00.

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.