Alyeska Investment Group L.P. Acquires 395,764 Shares of Sanmina Corporation $SANM

Key Points

• Alyeska Investment Group increased its Sanmina stake by 365.4% in the second quarter, acquiring 395,764 shares and bringing its total holdings to 504,067 shares worth approximately $127.6 million.
• Institutional ownership remains very high at 92.71%, with BlackRock, Invesco, Bank of America, Norges Bank and Fisher Asset Management also establishing or expanding significant positions.
• Sanmina reported quarterly EPS of $3.31, exceeding estimates of $2.77, while revenue rose 69.7% year over year to $3.46 billion. Analysts maintain a “Moderate Buy” consensus with a $198.33 target price, although JPMorgan lowered its target to $260.

Alyeska Investment Group L.P. increased its holdings in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 365.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 504,067 shares of the electronics maker's stock after acquiring an additional 395,764 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.94% of Sanmina worth $127,569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. bought a new position in Sanmina in the 2nd quarter valued at $1,390,702,000. Invesco Ltd. raised its stake in shares of Sanmina by 74.6% during the 3rd quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker's stock worth $251,590,000 after purchasing an additional 933,974 shares during the period. Bank of America Corp DE bought a new stake in shares of Sanmina during the 2nd quarter worth $189,012,000. Norges Bank purchased a new position in shares of Sanmina in the 4th quarter worth about $101,751,000. Finally, Fisher Asset Management LLC boosted its holdings in shares of Sanmina by 289.6% in the 4th quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker's stock worth $97,571,000 after buying an additional 483,312 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on SANM shares. JPMorgan Chase & Co. decreased their price objective on shares of Sanmina from $275.00 to $260.00 and set a "neutral" rating for the company in a report on Tuesday, July 28th. Weiss Ratings cut shares of Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 18th. Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. Finally, Zacks Research upgraded 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 issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $198.33.

Sanmina Stock Down 4.6%

Shares of NASDAQ SANM opened at $194.01 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 company has a market cap of $10.40 billion, a P/E ratio of 34.71, a P/E/G ratio of 0.68 and a beta of 1.59. Sanmina Corporation has a 52 week low of $110.44 and a 52 week high of $288.68. The business has a 50-day simple moving average of $209.27 and a two-hundred day simple moving average of $193.02.

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

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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