Man Group plc bought a new stake in Sanmina Corporation (NASDAQ:SANM – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 5,899 shares of the electronics maker’s stock, valued at approximately $1,493,000.
Other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in Sanmina by 21,174.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,529 shares of the electronics maker’s stock valued at $3,831,000 after acquiring an additional 25,409 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Sanmina by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker’s stock worth $244,500,000 after purchasing an additional 58,529 shares in the last quarter. Legato Capital Management LLC acquired a new stake in Sanmina in the 4th quarter valued at $1,233,000. Fisher Asset Management LLC grew its position in Sanmina by 289.6% in the 4th quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker’s stock valued at $97,571,000 after purchasing an additional 483,312 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Sanmina by 57.5% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 762,365 shares of the electronics maker’s stock valued at $98,833,000 after purchasing an additional 278,465 shares in the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
SANM has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Finally, Weiss Ratings cut shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Sanmina presently has an average rating of “Moderate Buy” and an average price target of $198.33.
Sanmina Trading Up 0.2%
Shares of Sanmina stock opened at $187.67 on Thursday. The company has a market capitalization of $10.06 billion, a P/E ratio of 33.57, a price-to-earnings-growth ratio of 0.66 and a beta of 1.60. The stock has a fifty day simple moving average of $205.72 and a 200 day simple moving average of $194.24. Sanmina Corporation has a 12-month low of $110.44 and a 12-month high of $288.68. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.71.
Sanmina (NASDAQ:SANM – Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The business’s revenue was up 69.7% on a year-over-year basis. During the same period last year, the business earned $1.53 EPS. 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, sell-side analysts anticipate that Sanmina Corporation will post 10.41 earnings per share for the current fiscal 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.
Featured Stories
- Five stocks we like better than Sanmina
- Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
- J.M. Smucker Stock’s Rally Has More Than Tariffs Behind It
- Wendy’s Rally Fades After Trian Steps Back: Was It Ever Real?
- GitLab’s Earnings Beat Just Gave Software Bulls a New SaaSpocalypse Test
Want to see what other hedge funds are holding SANM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sanmina Corporation (NASDAQ:SANM – Free Report).
Receive News & Ratings for Sanmina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanmina and related companies with MarketBeat.com's FREE daily email newsletter.
