Assenagon Asset Management S.A. Acquires 20,547 Shares of Sanmina Corporation $SANM

Key Points

• Assenagon Asset Management acquired 20,547 Sanmina shares worth approximately $4.4 million in the third quarter. Institutional investors and hedge funds collectively own 92.71% of SANM.
• Sanmina’s latest quarterly results exceeded expectations, with EPS of $3.31 versus a $2.77 consensus estimate and revenue of $3.46 billion, up 69.7% year over year.
• Analyst sentiment remains mixed: two analysts rate the stock a Buy and three a Hold, producing an overall “Hold” rating and an average price target of $198.33. Shares opened at $169.76, down 3.8%.

Assenagon Asset Management S.A. bought a new position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 20,547 shares of the electronics maker's stock, valued at approximately $4,416,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Sanmina during the second quarter worth about $1,390,702,000. Bank of America Corp DE raised its position in Sanmina by 14.6% in the 1st quarter. Bank of America Corp DE now owns 945,382 shares of the electronics maker's stock valued at $122,559,000 after buying an additional 120,164 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in Sanmina by 365.4% in the 2nd quarter. Alyeska Investment Group L.P. now owns 504,067 shares of the electronics maker's stock valued at $127,569,000 after acquiring an additional 395,764 shares in the last quarter. Hennessy Advisors Inc. lifted its stake in Sanmina by 13.9% in the 2nd quarter. Hennessy Advisors Inc. now owns 347,400 shares of the electronics maker's stock valued at $87,920,000 after acquiring an additional 42,500 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Sanmina in the 2nd quarter valued at approximately $87,522,000. Institutional investors and hedge funds own 92.71% of the company's stock.

Wall Street Analysts Forecast Growth

SANM has been the subject of a number of recent research reports. Weiss Ratings downgraded Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, September 18th. Wall Street Zen upgraded shares of Sanmina from a "buy" rating to a "strong-buy" rating in a report on Sunday, October 11th. Zacks Research downgraded shares of Sanmina from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 28th. Finally, JPMorgan Chase & Co. lowered their price target 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. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $198.33.

Sanmina Trading Down 3.8%

Shares of Sanmina stock opened at $169.76 on Wednesday. The stock has a market cap of $9.10 billion, a P/E ratio of 30.37, a P/E/G ratio of 0.49 and a beta of 1.60. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71. Sanmina Corporation has a 12-month low of $118.10 and a 12-month high of $288.68. The business's 50 day moving average is $203.92 and its 200-day moving average is $211.07.

Sanmina (NASDAQ:SANM - Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) 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 firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same period in the prior year, the firm posted $1.53 earnings per share. The company'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. Equities research analysts predict that Sanmina Corporation will post 10.74 earnings per share for the current fiscal year.

About Sanmina

Sanmina Corporation is an electronics manufacturing services and integrated manufacturing solutions provider headquartered in San Jose, California. The company works with original equipment manufacturers to design, engineer, manufacture, assemble, test, and distribute complex electronic and mechanical products.

Its capabilities include printed circuit board assembly, backplanes, cable and wire harnesses, enclosures, precision machining, optical and radio-frequency components, and complete systems integration.

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