37,396 Shares in Sanmina Corporation $SANM Purchased by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC acquired 37,396 Sanmina shares worth approximately $9.46 million, representing about 0.07% of the company. Institutional investors collectively own 92.71% of Sanmina.
• Sanmina reported strong quarterly results, with EPS of $3.31 versus the $2.77 consensus and revenue of $3.46 billion, up 69.7% year over year. The company issued fiscal 2026 EPS guidance of $11.90–$12.20.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $198.33, although JPMorgan lowered its target to $260 and maintained a neutral rating.

Great Lakes Advisors LLC acquired a new stake in Sanmina Corporation (NASDAQ:SANM - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 37,396 shares of the electronics maker's stock, valued at approximately $9,464,000. Great Lakes Advisors LLC owned about 0.07% of Sanmina as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Sanmina in the second quarter valued at approximately $1,390,702,000. Invesco Ltd. lifted its holdings in Sanmina by 22.0% during the fourth quarter. Invesco Ltd. now owns 2,667,240 shares of the electronics maker's stock worth $400,273,000 after acquiring an additional 481,588 shares during the period. Geode Capital Management LLC lifted its holdings in Sanmina by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker's stock worth $244,500,000 after acquiring an additional 58,529 shares during the period. Bank of America Corp DE boosted its position in Sanmina by 14.6% in the first quarter. Bank of America Corp DE now owns 945,382 shares of the electronics maker's stock worth $122,559,000 after purchasing an additional 120,164 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in Sanmina by 57.5% in 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 purchasing an additional 278,465 shares during the last quarter. Institutional investors own 92.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SANM shares. Zacks Research raised Sanmina from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. cut 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. Weiss Ratings upgraded shares of Sanmina from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, July 15th. Finally, Wall Street Zen upgraded shares of Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Sanmina presently has a consensus rating of "Moderate Buy" and a consensus target price of $198.33.

Sanmina Price Performance

Shares of NASDAQ SANM opened at $198.28 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.71. The stock has a fifty day simple moving average of $217.70 and a two-hundred day simple moving average of $190.80. Sanmina Corporation has a 1-year low of $108.36 and a 1-year high of $288.68. The firm has a market cap of $10.63 billion, a price-to-earnings ratio of 35.47, a price-to-earnings-growth ratio of 0.74 and a beta of 1.59.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) 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 analyst estimates of $3.40 billion. During the same period in the previous year, the company posted $1.53 earnings per share. The business's revenue was up 69.7% on a year-over-year basis. 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 year.

Insiders Place Their Bets

In related news, CFO Jonathan P. Faust sold 10,076 shares of the business's stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $265.80, for a total value of $2,678,200.80. Following the sale, the chief financial officer directly owned 77,000 shares in the company, valued at approximately $20,466,600. The trade was a 11.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.10% of the company's stock.

About Sanmina

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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