Wedge Capital Management L L P NC Sells 4,546 Shares of Sanmina Corporation $SANM

Wedge Capital Management L L P NC reduced its position in Sanmina Corporation (NASDAQ:SANM) by 24.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,974 shares of the electronics maker’s stock after selling 4,546 shares during the period. Wedge Capital Management L L P NC’s holdings in Sanmina were worth $3,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SANM. Invesco Ltd. lifted 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 acquiring an additional 481,588 shares during the period. Geode Capital Management LLC increased its position in shares of 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 during the last quarter. Bank of America Corp DE increased its position in shares of Sanmina by 14.6% during the 1st quarter. Bank of America Corp DE now owns 945,382 shares of the electronics maker’s stock valued at $122,559,000 after purchasing an additional 120,164 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Sanmina by 57.5% in 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 period. Finally, Fuller & Thaler Asset Management Inc. lifted its stake 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 worth $109,907,000 after purchasing an additional 108,202 shares during the period. Institutional investors own 92.71% of the company’s stock.

Insiders Place Their Bets

In other Sanmina news, CFO Jonathan P. Faust sold 10,076 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $265.80, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 owned by corporate insiders.

Sanmina Stock Performance

Shares of SANM opened at $206.56 on Friday. The business has a 50-day simple moving average of $220.11 and a two-hundred day simple moving average of $189.76. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71. Sanmina Corporation has a 52 week low of $108.36 and a 52 week high of $288.68. The stock has a market cap of $11.07 billion, a price-to-earnings ratio of 36.95, a PEG ratio of 0.73 and a beta of 1.59.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.54. The firm had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The business’s quarterly revenue was up 69.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.53 EPS. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. On average, analysts expect that Sanmina Corporation will post 10.41 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. JPMorgan Chase & Co. decreased their price target on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $198.33.

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.