Wedge Capital Management L L P NC Sells 4,861 Shares of Sanmina Corporation $SANM

Wedge Capital Management L L P NC lessened its position in Sanmina Corporation (NASDAQ:SANM) by 17.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,068 shares of the electronics maker’s stock after selling 4,861 shares during the period. Wedge Capital Management L L P NC’s holdings in Sanmina were worth $2,655,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. raised its holdings in Sanmina by 42.4% in the 2nd quarter. Invesco Ltd. now owns 1,251,678 shares of the electronics maker’s stock worth $122,452,000 after acquiring an additional 372,829 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of Sanmina by 20.9% in the second quarter. Frontier Capital Management Co. LLC now owns 1,231,884 shares of the electronics maker’s stock worth $120,515,000 after purchasing an additional 213,025 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its holdings in shares of Sanmina by 6.7% during the second quarter. Global Alpha Capital Management Ltd. now owns 868,891 shares of the electronics maker’s stock valued at $85,004,000 after purchasing an additional 54,200 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Sanmina by 4.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 749,220 shares of the electronics maker’s stock worth $73,296,000 after buying an additional 33,865 shares in the last quarter. Finally, Norges Bank purchased a new position in Sanmina in the 2nd quarter worth about $63,671,000. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Insiders Place Their Bets

In other Sanmina news, insider Vishnu Venkatesh sold 692 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $149.22, for a total transaction of $103,260.24. Following the completion of the sale, the insider directly owned 23,500 shares of the company’s stock, valued at $3,506,670. This trade represents a 2.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.22% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Wall Street Zen downgraded shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sanmina in a research report on Wednesday, October 8th. One 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 MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $120.00.

Sanmina Trading Up 0.9%

Shares of SANM stock opened at $152.89 on Tuesday. Sanmina Corporation has a 1 year low of $63.67 and a 1 year high of $178.39. The firm has a fifty day moving average price of $151.17 and a 200-day moving average price of $124.27. The company has a market cap of $8.34 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 0.73 and a beta of 1.03. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.72 and a quick ratio of 1.02.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, November 3rd. The electronics maker reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. Sanmina had a return on equity of 11.59% and a net margin of 3.03%.The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the prior year, the business posted $1.43 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. As a group, equities analysts predict that Sanmina Corporation will post 5.15 earnings per share for the current year.

Sanmina 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.