Engineers Gate Manager LP Has $4.40 Million Holdings in Sanmina Corporation $SANM

Key Points

• Engineers Gate Manager LP increased its Sanmina position by 45.2% in the second quarter, holding 17,398 shares valued at approximately $4.4 million. Institutional investors collectively own 92.71% of the company.
• Sanmina reported quarterly earnings of $3.31 per share and revenue of $3.46 billion, exceeding analyst expectations; revenue rose 69.7% year over year.
• Sanmina shares opened at $216, up 6.2%, while analyst sentiment remained moderately bullish with an average “Moderate Buy” rating and a $198.33 price target.

Engineers Gate Manager LP raised its position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 45.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,398 shares of the electronics maker's stock after acquiring an additional 5,416 shares during the period. Engineers Gate Manager LP's holdings in Sanmina were worth $4,403,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Danske Bank A S bought a new stake in Sanmina in the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Sanmina in the 3rd quarter valued at $26,000. Keating Financial Advisory Services Inc. acquired a new position in Sanmina during the second quarter worth about $31,000. NewEdge Advisors LLC bought a new position in Sanmina in the 2nd quarter valued at approximately $32,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Sanmina during the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 92.71% of the company's stock.

Sanmina Stock Up 6.2%

Shares of NASDAQ:SANM opened at $216.00 on Friday. The company has a market capitalization of $11.58 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 0.76 and a beta of 1.60. 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 business has a fifty day moving average price of $200.80 and a two-hundred day moving average price of $196.66.

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, beating 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 net margin of 2.41% and a return on equity of 19.08%. The company's quarterly revenue was up 69.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.53 earnings per share. 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 forecast that Sanmina Corporation will post 10.41 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on SANM shares. Zacks Research raised Sanmina from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. Wall Street Zen upgraded Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. Weiss Ratings upgraded shares of Sanmina from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, September 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on Sanmina from $275.00 to $260.00 and set a "neutral" rating for the company in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $198.33.

About Sanmina

Sanmina Corporation NASDAQ: SANM is a global provider of integrated manufacturing, engineering and supply chain services for original equipment manufacturers. The company designs, builds and supports complex electronic and mechanical products, helping customers manage product development, production, logistics and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, electromechanical manufacturing, precision machining, enclosures, optical and radio-frequency components, testing, repair and product fulfillment.

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