Fisher Asset Management LLC Invests $19.21 Million in Sanmina Corporation $SANM

Key Points

• Fisher Asset Management acquired 166,861 shares of Sanmina (NASDAQ:SANM) worth about $19.21 million, representing roughly 0.31% ownership per its most recent 13F filing.
• Other large institutions—including Invesco, Frontier Capital and Norges Bank—have recently increased or opened positions, and institutional investors now own about 92.71% of Sanmina’s shares.
• Sanmina beat estimates with quarterly EPS of $2.38 (vs. $2.15) and revenue of $3.19B (up 59% YoY), provided Q2 2026 EPS guidance of 2.25–2.55, and holds a consensus analyst rating of Buy with an average target of $160.

Fisher Asset Management LLC acquired a new stake in Sanmina Corporation (NASDAQ:SANM - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 166,861 shares of the electronics maker's stock, valued at approximately $19,207,000. Fisher Asset Management LLC owned approximately 0.31% of Sanmina as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SANM. Invesco Ltd. grew its holdings in Sanmina by 42.4% during the second quarter. Invesco Ltd. now owns 1,251,678 shares of the electronics maker's stock valued at $122,452,000 after purchasing an additional 372,829 shares during the last quarter. Frontier Capital Management Co. LLC lifted its stake in shares of Sanmina by 20.9% in the second quarter. Frontier Capital Management Co. LLC now owns 1,231,884 shares of the electronics maker's stock worth $120,515,000 after buying an additional 213,025 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its holdings in shares of Sanmina by 6.7% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 868,891 shares of the electronics maker's stock worth $85,004,000 after buying an additional 54,200 shares during the period. Allianz Asset Management GmbH grew its stake in Sanmina by 3.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 776,604 shares of the electronics maker's stock valued at $89,395,000 after buying an additional 27,384 shares during the last quarter. Finally, Norges Bank acquired a new position in Sanmina in the 2nd quarter valued at $63,671,000. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sanmina

In other news, Director David V. Hedley III sold 1,024 shares of the firm's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $162.31, for a total transaction of $166,205.44. Following the completion of the transaction, the director directly owned 6,340 shares of the company's stock, valued at approximately $1,029,045.40. This trade represents a 13.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jonathan P. Faust sold 10,075 shares of the company's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $159.30, for a total transaction of $1,604,947.50. Following the completion of the sale, the chief financial officer directly owned 87,076 shares in the company, valued at approximately $13,871,206.80. The trade was a 10.37% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 15,291 shares of company stock valued at $2,393,988. Company insiders own 3.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SANM shares. Wall Street Zen cut shares of Sanmina from a "strong-buy" rating to a "buy" rating in a report on Sunday, November 16th. Argus boosted their price objective on Sanmina to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, January 28th. Finally, Zacks Research raised Sanmina from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Sanmina currently has a consensus rating of "Buy" and an average target price of $160.00.

Sanmina Stock Up 1.1%

Shares of SANM opened at $139.55 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.04 and a current ratio of 1.70. The company has a 50-day simple moving average of $155.48 and a 200-day simple moving average of $143.36. Sanmina Corporation has a 52 week low of $63.67 and a 52 week high of $185.29. The firm has a market capitalization of $7.62 billion, a P/E ratio of 33.31, a P/E/G ratio of 0.62 and a beta of 1.01.

Sanmina (NASDAQ:SANM - Get Free Report) last released its earnings results on Monday, January 26th. The electronics maker reported $2.38 earnings per share for the quarter, topping analysts' consensus estimates of $2.15 by $0.23. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.09 billion. Sanmina had a return on equity of 13.06% and a net margin of 2.47%.The firm's revenue for the quarter was up 59.0% compared to the same quarter last year. During the same period last year, the business earned $1.16 earnings per share. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. On average, equities research analysts expect that Sanmina Corporation will post 5.15 earnings per share for the current year.

Sanmina Company 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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