Monument Capital Management bought a new stake in shares of Sanmina Corporation (NASDAQ:SANM – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,254 shares of the electronics maker’s stock, valued at approximately $3,923,000.
Several other institutional investors also recently bought and sold shares of SANM. ANB Bank lifted its stake in Sanmina by 3.2% in the 1st quarter. ANB Bank now owns 1,645 shares of the electronics maker’s stock worth $213,000 after purchasing an additional 51 shares in the last quarter. EverSource Wealth Advisors LLC boosted 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 valued at $136,000 after purchasing an additional 54 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Sanmina by 1.6% during the first quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker’s stock valued at $562,000 after purchasing an additional 69 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of Sanmina by 3.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,274 shares of the electronics maker’s stock valued at $295,000 after purchasing an additional 75 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in shares of Sanmina by 9.4% in the third quarter. Valeo Financial Advisors LLC now owns 968 shares of the electronics maker’s stock worth $208,000 after purchasing an additional 83 shares during the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently commented on SANM shares. Weiss Ratings downgraded Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 18th. Zacks Research downgraded Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Wall Street Zen downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $198.33.
Sanmina Price Performance
NASDAQ:SANM opened at $210.48 on Friday. The firm has a market capitalization of $11.28 billion, a price-to-earnings ratio of 37.65, a PEG ratio of 0.62 and a beta of 1.60. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.78 and a quick ratio of 1.06. The business has a 50 day simple moving average of $204.87 and a 200-day simple moving average of $207.57. Sanmina Corporation has a 1 year low of $118.10 and a 1 year high of $288.68.
Sanmina (NASDAQ:SANM – Get Free Report) last released its 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 firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the previous year, the company posted $1.53 EPS. The company’s revenue for the quarter 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 forecast that Sanmina Corporation will post 10.73 EPS for the current year.
About Sanmina
Sanmina Corporation is an integrated manufacturing solutions provider serving original equipment manufacturers in industries including communications, cloud infrastructure, industrial, medical, defense and aerospace, automotive, and consumer products. The company supports customers across the product life cycle, from design and engineering through manufacturing, testing, supply chain management, logistics, repair, and aftermarket services.
Its capabilities include printed circuit board assembly, systems integration, enclosure and mechanical manufacturing, optical and semiconductor-related technologies, and the production of complete electronic and electromechanical systems.
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