Jefferies Financial Group Inc. Purchases New Stake in Sanmina Corporation $SANM

Key Points

• Jefferies Financial Group purchased 13,649 Sanmina shares worth approximately $3.45 million in the second quarter, while institutional investors collectively own 92.71% of the company.
• Analyst sentiment is generally positive: Sanmina has a consensus “Moderate Buy” rating and an average price target of $198.33, despite JPMorgan lowering its target to $260 and maintaining a neutral rating.
• 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.

Jefferies Financial Group Inc. bought a new position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,649 shares of the electronics maker's stock, valued at approximately $3,454,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Sanmina in the second quarter valued at about $3,982,000. Capstone Investment Advisors LLC bought a new position in shares of Sanmina during the second quarter valued at about $279,000. Corient Private Wealth LP purchased a new position in Sanmina during the second quarter worth about $847,000. Bank of America Corp DE bought a new stake in Sanmina in the 2nd quarter worth about $189,012,000. Finally, Freestone Grove Partners LP bought a new stake in Sanmina in the 2nd quarter worth about $20,316,000. Institutional investors and hedge funds own 92.71% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SANM. Zacks Research upgraded Sanmina from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. dropped their price target on Sanmina from $275.00 to $260.00 and set a "neutral" rating on the stock in a report on Tuesday, July 28th. Wall Street Zen raised Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. Finally, Weiss Ratings downgraded Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Sanmina has a consensus rating of "Moderate Buy" and a consensus price target of $198.33.

Sanmina Price Performance

Shares of NASDAQ:SANM opened at $194.01 on Friday. The firm has a market capitalization of $10.40 billion, a PE ratio of 34.71, a P/E/G ratio of 0.71 and a beta of 1.59. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average price of $209.27 and a two-hundred day moving average price of $193.02. Sanmina Corporation has a twelve month low of $110.44 and a twelve month high of $288.68.

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, beating the consensus estimate of $2.77 by $0.54. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. Equities analysts forecast that Sanmina Corporation will post 10.41 EPS for the current year.

About Sanmina

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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