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, Holdings Channel.com reports. The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ANB Bank grew its holdings in Sanmina by 3.2% during the 1st quarter. ANB Bank now owns 1,645 shares of the electronics maker’s stock valued at $213,000 after buying an additional 51 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Sanmina by 5.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,048 shares of the electronics maker’s stock worth $136,000 after acquiring an additional 54 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Sanmina by 1.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker’s stock worth $562,000 after acquiring an additional 69 shares in the last quarter. Vise Technologies Inc. boosted its position in shares of Sanmina by 2.0% during the 3rd quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker’s stock valued at $417,000 after acquiring an additional 71 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its position in shares of Sanmina by 3.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,274 shares of the electronics maker’s stock valued at $295,000 after acquiring an additional 75 shares during the last quarter. 92.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SANM shares. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. dropped their price objective 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. Finally, Weiss Ratings upgraded shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 15th. One 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $198.33.

Insider Activity

In related news, CFO Jonathan P. Faust sold 10,076 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the completion of the transaction, the chief financial officer owned 77,000 shares in the company, valued at $20,466,600. The trade was a 11.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.10% of the company’s stock.

Sanmina Price Performance

Shares of Sanmina stock opened at $206.56 on Friday. The stock has a market cap of $11.07 billion, a price-to-earnings ratio of 36.95, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.06 and a current ratio of 1.78. The stock has a 50 day moving average price of $220.11 and a 200-day moving average price of $189.76. Sanmina Corporation has a one year low of $108.36 and a one year high of $288.68.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.54. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The company 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 firm posted $1.53 EPS. Sanmina’s quarterly revenue was up 69.7% compared to the same quarter last year. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Equities analysts expect that Sanmina Corporation will post 10.41 EPS for the current year.

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.