26,189 Shares in Sanmina Corporation $SANM Acquired by NFJ Investment Group LLC

Key Points

• NFJ Investment Group acquired 26,189 Sanmina shares worth approximately $6.6 million in the second quarter. Institutional investors and hedge funds collectively own 92.71% of the company.
• Analyst sentiment remains positive overall, with Sanmina carrying a “Moderate Buy” consensus rating and an average price target of $198.33, despite JPMorgan lowering its target to $260 and maintaining a neutral rating.
• Sanmina exceeded quarterly expectations with $3.31 in earnings per share versus the $2.77 consensus estimate and $3.46 billion in revenue, up 69.7% year over year.

NFJ Investment Group LLC acquired a new stake in Sanmina Corporation (NASDAQ:SANM - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 26,189 shares of the electronics maker's stock, valued at approximately $6,628,000.

Several other institutional investors have also added to or reduced their stakes in SANM. Northwestern Mutual Wealth Management Co. lifted its position in shares of Sanmina by 21,174.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,529 shares of the electronics maker's stock worth $3,831,000 after buying an additional 25,409 shares during the last quarter. Geode Capital Management LLC boosted its stake in Sanmina by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker's stock valued at $244,500,000 after buying an additional 58,529 shares in the last quarter. Legato Capital Management LLC bought a new position in Sanmina in the fourth quarter valued at about $1,233,000. Fisher Asset Management LLC grew its position in Sanmina by 289.6% in the fourth quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker's stock valued at $97,571,000 after acquiring an additional 483,312 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in Sanmina by 57.5% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 762,365 shares of the electronics maker's stock worth $98,833,000 after acquiring an additional 278,465 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SANM has been the subject of a number of research reports. Weiss Ratings cut shares of Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday. JPMorgan Chase & Co. decreased their price target 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 upgraded shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. Finally, Zacks Research raised shares of Sanmina from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. One research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $198.33.

Sanmina Price Performance

Shares of SANM opened at $190.72 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71. The stock has a market cap of $10.22 billion, a PE ratio of 34.12, a PEG ratio of 0.68 and a beta of 1.59. Sanmina Corporation has a 12-month low of $108.50 and a 12-month high of $288.68. The business has a 50-day simple moving average of $215.84 and a two-hundred day simple moving average of $191.43.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, beating analysts' consensus estimates of $2.77 by $0.54. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The business's revenue for the quarter was up 69.7% on a year-over-year basis. During the same period last year, the firm posted $1.53 earnings per share. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Analysts anticipate that Sanmina Corporation will post 10.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sanmina news, CFO Jonathan P. Faust sold 10,076 shares of the business's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the sale, the chief financial officer directly owned 77,000 shares of the company's stock, 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 SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is currently owned by corporate insiders.

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.

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