Empowered Funds LLC Decreases Stake in Sanmina Corporation $SANM

Empowered Funds LLC lessened its position in shares of Sanmina Corporation (NASDAQ:SANM) by 7.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 37,416 shares of the electronics maker’s stock after selling 2,928 shares during the period. Empowered Funds LLC’s holdings in Sanmina were worth $3,660,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Sanmina by 265.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 265 shares during the last quarter. Banque Transatlantique SA acquired a new stake in Sanmina in the first quarter valued at $29,000. Caitong International Asset Management Co. Ltd lifted its holdings in Sanmina by 200.0% during 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 holdings in Sanmina by 1,612.9% during the 2nd quarter. Harbour Investments Inc. now owns 531 shares of the electronics maker’s stock worth $52,000 after buying an additional 500 shares during the last quarter. Finally, Quarry LP boosted its position in shares of Sanmina by 5,883.3% during the 1st quarter. Quarry LP now owns 718 shares of the electronics maker’s stock worth $55,000 after acquiring an additional 706 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Trading Up 1.7%

NASDAQ:SANM opened at $146.88 on Friday. The company has a market capitalization of $8.01 billion, a PE ratio of 31.45, a P/E/G 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. The stock’s 50 day moving average price is $135.85 and its 200 day moving average price is $113.34. The company has a quick ratio of 1.21, a current ratio of 1.91 and a debt-to-equity ratio of 0.12.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, November 3rd. The electronics maker reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.10. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.05 billion. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.The company’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 earnings per share. 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 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Sanmina in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Finally, Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $120.00.

Sanmina 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.