WINTON GROUP Ltd significantly reduced its stake in Sanmina Corporation by selling 73,829 shares during the second quarter of 2023. The firm now holds 14,686 shares, representing an 83.4% decrease in its investment. Following this sale, WINTON GROUP Ltd’s holdings in Sanmina were valued at approximately $1.4 million at the end of the reporting period.
Several other institutional investors have also adjusted their positions in Sanmina. Notably, Northwestern Mutual Wealth Management Co. increased its stake by 265.0% in the first quarter, now owning 365 shares valued at around $28,000. Banque Transatlantique SA entered the market with a new stake valued at about $29,000, while Caitong International Asset Management Co. Ltd enhanced its holdings by 200.0%, culminating in ownership of 405 shares worth $31,000. Additionally, TD Waterhouse Canada Inc. raised its position by 27.2%, now owning 398 shares worth approximately $39,000. MAI Capital Management also acquired a new stake valued at around $41,000. Currently, 92.71% of Sanmina’s stock is owned by institutional investors and hedge funds.
Analysts React to Sanmina’s Performance
Recent assessments from equity research analysts indicate a positive outlook for Sanmina. Zacks Research upgraded the company’s rating from “hold” to “strong-buy” on November 6, 2023. Weiss Ratings reaffirmed a “buy (b)” rating in a report dated October 8, while Wall Street Zen downgraded its rating from “strong-buy” to “buy” on November 16. Overall, one analyst has assigned a strong buy rating, another a buy rating, and a third a hold rating, resulting in a consensus rating of “buy” with an average price target of $120.00.
Sanmina’s stock performance has been notable, opening at $164.27 recently. The company’s fifty-day moving average stands at $145.61, while the two-hundred-day moving average is $119.82. Sanmina maintains a debt-to-equity ratio of 0.11, with a quick ratio of 1.02 and a current ratio of 1.72. The firm’s market capitalization is approximately $8.96 billion, with a price-to-earnings (P/E) ratio of 36.83 and a P/E growth (P/E/G) ratio of 0.78. Over the past year, Sanmina has experienced a low of $63.67 and a high of $178.39.
Recent Earnings and Future Outlook
Sanmina released its quarterly earnings results on November 3, 2023, reporting earnings per share (EPS) of $1.67. This figure exceeded analysts’ expectations of $1.57 by $0.10. The company generated $2.10 billion in revenue, surpassing forecasts of $2.05 billion. Compared to the same quarter last year, revenue increased by 3.9%, with EPS for the previous year recorded at $1.43. For the first quarter of fiscal year 2026, Sanmina has provided guidance of $1.950 to $2.250 EPS. Analysts forecast that Sanmina Corporation will achieve $5.15 EPS for the current fiscal year.
Sanmina Corporation operates globally, providing integrated manufacturing solutions, components, products, and repair, logistics, and after-market services. The company is divided into two main sectors: Integrated Manufacturing Solutions and Components, Products, and Services. Its offerings include product design and engineering, assembly and testing services, logistics services, and supply chain management, in addition to manufacturing components and complete systems.
