9,503 Sanmina Corporation $SANM Shares Purchased by Ausbil Investment Management Ltd

Key Points

• Ausbil Investment Management increased its Sanmina position by 124.2% in the third quarter, purchasing 9,503 additional shares and ending with 17,157 shares valued at approximately $3.69 million.
• Institutional investors own 92.71% of Sanmina’s stock, while several analysts recently downgraded their ratings; the consensus view is “Hold” with an average price target of $198.33.
• Sanmina reported quarterly earnings of $3.31 per share, exceeding estimates of $2.77, while revenue rose 69.7% year over year to $3.46 billion.

Ausbil Investment Management Ltd grew its position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 124.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 17,157 shares of the electronics maker's stock after purchasing an additional 9,503 shares during the quarter. Sanmina accounts for 1.9% of Ausbil Investment Management Ltd's portfolio, making the stock its 17th largest position. Ausbil Investment Management Ltd's holdings in Sanmina were worth $3,687,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CX Institutional raised its position in Sanmina by 10.3% in the third quarter. CX Institutional now owns 1,645 shares of the electronics maker's stock worth $354,000 after acquiring an additional 153 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of Sanmina during the 2nd quarter valued at about $251,000. MCF Advisors LLC boosted its position in shares of Sanmina by 2,333.3% during the 2nd quarter. MCF Advisors LLC now owns 146 shares of the electronics maker's stock valued at $37,000 after purchasing an additional 140 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of Sanmina in the 2nd quarter worth approximately $278,000. Finally, Engineers Gate Manager LP grew its stake in shares of Sanmina by 45.2% in the 2nd quarter. Engineers Gate Manager LP now owns 17,398 shares of the electronics maker's stock worth $4,403,000 after purchasing an additional 5,416 shares during the last quarter. Institutional investors own 92.71% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Zacks Research lowered shares of Sanmina from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Weiss Ratings cut shares of Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 18th. Wall Street Zen lowered shares of Sanmina from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 3rd. Finally, JPMorgan Chase & Co. dropped their price target on Sanmina from $275.00 to $260.00 and set a "neutral" rating on the stock in a report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $198.33.

Sanmina Price Performance

SANM stock opened at $219.41 on Thursday. 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 Corporation has a one year low of $118.10 and a one year high of $288.68. The firm has a market capitalization of $11.76 billion, a PE ratio of 39.25, a P/E/G ratio of 0.64 and a beta of 1.60. The firm has a 50-day moving average of $204.33 and a two-hundred day moving average of $206.95.

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, topping the consensus estimate of $2.77 by $0.54. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period last year, the firm posted $1.53 earnings per share. The firm's quarterly revenue 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. On average, analysts forecast that Sanmina Corporation will post 10.73 earnings per share for the current year.

Sanmina Company Profile

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.