5,899 Shares in Sanmina Corporation $SANM Bought by Man Group plc

Key Points

• Man Group plc acquired 5,899 Sanmina shares during the second quarter, worth approximately $1.49 million. Institutional investors collectively own 92.71% of Sanmina, with BlackRock, Invesco, Norges Bank and others also holding significant positions.
• Sanmina reported strong quarterly results, posting $3.31 in earnings per share versus analysts’ $2.77 estimate and $3.46 billion in revenue, up 69.7% year over year.
• Analyst sentiment is generally 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.

Man Group plc acquired a new stake in Sanmina Corporation (NASDAQ:SANM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,899 shares of the electronics maker's stock, valued at approximately $1,493,000.

Several other large investors have also bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Sanmina in the 2nd quarter valued at about $1,390,702,000. Invesco Ltd. raised its position in shares of Sanmina by 74.6% during the third quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker's stock worth $251,590,000 after acquiring an additional 933,974 shares during the last quarter. Norges Bank bought a new position in shares of Sanmina during the fourth quarter worth about $101,751,000. Fisher Asset Management LLC lifted its stake in shares of Sanmina by 289.6% in the fourth quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker's stock worth $97,571,000 after acquiring an additional 483,312 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of Sanmina by 520.3% in the fourth quarter. Marshall Wace LLP now owns 428,519 shares of the electronics maker's stock worth $64,308,000 after acquiring an additional 359,441 shares during the period. 92.71% of the stock is owned by institutional investors.

Sanmina Stock Up 0.2%

Shares of Sanmina stock opened at $187.67 on Thursday. The stock's 50-day moving average is $205.72 and its 200 day moving average is $194.24. Sanmina Corporation has a one year low of $110.44 and a one year high of $288.68. The firm has a market cap of $10.06 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 0.66 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.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.77 by $0.54. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the previous year, the company posted $1.53 earnings per share. The firm's revenue for the quarter 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. Equities research analysts anticipate that Sanmina Corporation will post 10.41 EPS for the current year.

Wall Street Analyst Weigh In

SANM has been the subject of a number of recent analyst reports. Zacks Research raised shares of Sanmina from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. Weiss Ratings downgraded shares of Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 18th. JPMorgan Chase & Co. reduced their price objective on shares of Sanmina from $275.00 to $260.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 28th. Finally, Wall Street Zen upgraded shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. One equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $198.33.

Sanmina Company 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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