Empowered Funds LLC Sells 5,199 Shares of Sanmina Corporation $SANM

Empowered Funds LLC reduced its stake in shares of Sanmina Corporation (NASDAQ:SANM) by 20.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 20,343 shares of the electronics maker’s stock after selling 5,199 shares during the period. Empowered Funds LLC’s holdings in Sanmina were worth $2,637,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. boosted its stake in Sanmina by 74.6% during the third quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker’s stock valued at $251,590,000 after buying an additional 933,974 shares during the last quarter. Norges Bank purchased a new stake in shares of Sanmina in the fourth quarter valued at $101,751,000. Fisher Asset Management LLC lifted its stake in Sanmina by 289.6% in the fourth quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker’s stock worth $97,571,000 after purchasing an additional 483,312 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Sanmina by 520.3% during the fourth quarter. Marshall Wace LLP now owns 428,519 shares of the electronics maker’s stock valued at $64,308,000 after buying an additional 359,441 shares during the period. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Sanmina during the fourth quarter worth $53,430,000. Institutional investors own 92.71% of the company’s stock.

Sanmina Trading Up 7.4%

SANM opened at $207.46 on Wednesday. Sanmina Corporation has a 52 week low of $108.36 and a 52 week high of $288.68. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 37.11, a price-to-earnings-growth ratio of 0.68 and a beta of 1.59. The business’s 50 day moving average is $229.43 and its two-hundred day moving average is $188.48.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.54. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the prior year, the company posted $1.53 earnings per share. Sanmina’s quarterly revenue was up 69.7% on a year-over-year basis. 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, research analysts predict that Sanmina Corporation will post 10.41 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Jonathan P. Faust sold 10,076 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SANM. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday. JPMorgan Chase & Co. decreased their target price on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings raised shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Sanmina currently 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.