Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 282,164 shares of the electronics maker's stock, valued at approximately $71,410,000. Connor Clark & Lunn Investment Management Ltd. owned 0.53% of Sanmina at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Danske Bank A S purchased a new position in Sanmina in the 2nd quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new stake in Sanmina during the 3rd quarter valued at about $26,000. Keating Financial Advisory Services Inc. purchased a new stake in Sanmina in the 2nd quarter valued at about $31,000. N.E.W. Advisory Services LLC bought a new position in Sanmina in the 2nd quarter worth about $36,000. Finally, Employees Retirement System of Texas bought a new position in Sanmina in the 4th quarter worth about $39,000. 92.71% of the stock is currently owned by institutional investors.
Sanmina Price Performance
Shares of Sanmina stock opened at $188.89 on Monday. 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 Corporation has a 1 year low of $110.44 and a 1 year high of $288.68. The firm's 50-day moving average is $214.52 and its two-hundred day moving average is $191.70. The stock has a market cap of $10.12 billion, a price-to-earnings ratio of 33.79, a PEG ratio of 0.66 and a beta of 1.59.
Sanmina (NASDAQ:SANM - Get Free Report) last posted its earnings results on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, beating 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 business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter last year, the firm posted $1.53 EPS. 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. As a group, research analysts expect that Sanmina Corporation will post 10.41 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have recently commented on SANM. JPMorgan Chase & Co. reduced their target price on shares of Sanmina from $275.00 to $260.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 28th. Wall Street Zen raised Sanmina from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 1st. Weiss Ratings cut Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 18th. Finally, Zacks Research upgraded Sanmina from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. One equities 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 company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $198.33.
Get Our Latest Research Report on Sanmina
Insider Activity
In related news, CFO Jonathan P. Faust sold 10,076 shares of Sanmina stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the transaction, the chief financial officer directly owned 77,000 shares of the company's stock, valued at $20,466,600. This trade represents a 11.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.10% of the company's stock.
Sanmina Profile
(
Free Report)
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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