Deutsche Bank AG Acquires Shares of 19,034 Sanmina Corporation $SANM

Key Points

• Deutsche Bank acquired 19,034 Sanmina shares during the second quarter, worth approximately $4.8 million. Institutional investors collectively own 92.71% of the company.
• Analyst sentiment remains positive overall, with Sanmina carrying a “Moderate Buy” consensus rating and an average price target of $198.33. Ratings ranged from “Strong Buy” to “Hold.”
• Sanmina exceeded quarterly expectations, reporting $3.31 in EPS versus the $2.77 consensus and $3.46 billion in revenue, up 69.7% year over year. The CFO separately sold 10,076 shares under a pre-arranged trading plan.

Deutsche Bank AG acquired a new stake in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,034 shares of the electronics maker's stock, valued at approximately $4,817,000.

Other large investors also recently modified their holdings of the company. ANB Bank raised its position in Sanmina by 3.2% during the 1st quarter. ANB Bank now owns 1,645 shares of the electronics maker's stock valued at $213,000 after purchasing an additional 51 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Sanmina by 5.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,048 shares of the electronics maker's stock valued at $136,000 after acquiring an additional 54 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Sanmina by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker's stock worth $562,000 after acquiring an additional 69 shares during the period. Vise Technologies Inc. lifted its stake in Sanmina by 2.0% in the third quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker's stock worth $417,000 after acquiring an additional 71 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in Sanmina by 3.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,274 shares of the electronics maker's stock valued at $295,000 after acquiring an additional 75 shares in the last quarter. 92.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SANM has been the topic of a number of research analyst reports. 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 report on Tuesday, July 28th. Weiss Ratings cut shares of Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 18th. Zacks Research upgraded shares of Sanmina from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Finally, Wall Street Zen raised 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $198.33.

Insider Buying and Selling

In other news, CFO Jonathan P. Faust sold 10,076 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $265.80, for a total value of $2,678,200.80. Following the sale, the chief financial officer directly owned 77,000 shares of the company's stock, valued at approximately $20,466,600. This represents a 11.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.10% of the company's stock.

Sanmina Price Performance

Shares of SANM opened at $191.11 on Wednesday. Sanmina Corporation has a fifty-two week low of $110.44 and a fifty-two week high of $288.68. The firm's 50-day simple moving average is $211.87 and its two-hundred day simple moving average is $192.24. The stock has a market cap of $10.24 billion, a PE ratio of 34.19, a price-to-earnings-growth ratio of 0.65 and a beta of 1.59. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.06 and a current ratio of 1.78.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, topping analysts' consensus estimates of $2.77 by $0.54. The firm had revenue of $3.46 billion for the quarter, compared to analysts' expectations of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The business's revenue for the quarter was up 69.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.53 EPS. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Analysts anticipate that Sanmina Corporation will post 10.41 earnings per share for the current fiscal year.

Sanmina 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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