Geode Capital Management LLC Trims Holdings in Sanmina Corporation $SANM

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

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can increased its stake in shares of Sanmina by 1.5% in the second quarter. Bank of Montreal Can now owns 8,814 shares of the electronics maker’s stock worth $862,000 after purchasing an additional 128 shares in the last quarter. Moloney Securities Asset Management LLC increased its stake in Sanmina by 3.9% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 3,668 shares of the electronics maker’s stock worth $359,000 after buying an additional 138 shares in the last quarter. XTX Topco Ltd raised its holdings in Sanmina by 1.2% during the first quarter. XTX Topco Ltd now owns 11,886 shares of the electronics maker’s stock valued at $905,000 after acquiring an additional 140 shares during the period. Hsbc Holdings PLC lifted its position in shares of Sanmina by 1.8% in the first quarter. Hsbc Holdings PLC now owns 8,659 shares of the electronics maker’s stock valued at $659,000 after acquiring an additional 152 shares in the last quarter. Finally, SummerHaven Investment Management LLC boosted its stake in shares of Sanmina by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 11,898 shares of the electronics maker’s stock worth $1,164,000 after acquiring an additional 189 shares during the period. 92.71% of the stock is currently owned by institutional investors.

Sanmina Stock Performance

NASDAQ:SANM opened at $156.45 on Wednesday. The company has a market cap of $8.34 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 1.43 and a beta of 1.17. Sanmina Corporation has a 1 year low of $63.67 and a 1 year high of $178.39. The stock’s 50 day simple moving average is $134.06 and its two-hundred day simple moving average is $112.11. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.21.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, November 3rd. The electronics maker reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.10. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the company earned $1.43 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. As a group, equities analysts anticipate that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Wall Street Zen cut shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Sanmina in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $120.00.

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.