Jupiter Topco LLC Makes New Investment in Sanmina Corporation $SANM

Key Points

• Jupiter Topco LLC acquired 67,720 Sanmina shares during the second quarter, valued at approximately $17.1 million and representing about 0.13% of the company.
• Institutional ownership remains substantial at 92.71%, with BlackRock, Invesco, Norges Bank, Fisher Asset Management and Marshall Wace among investors increasing or initiating positions.
• Sanmina exceeded quarterly expectations, reporting $3.31 EPS on $3.46 billion in revenue, while analysts maintain a “Moderate Buy” consensus and an average price target of $198.33.

Jupiter Topco LLC purchased a new stake in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 67,720 shares of the electronics maker's stock, valued at approximately $17,141,000. Jupiter Topco LLC owned approximately 0.13% of Sanmina at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Sanmina in the second quarter valued at approximately $1,390,702,000. Invesco Ltd. raised its holdings in Sanmina by 74.6% in the 3rd quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker's stock valued at $251,590,000 after buying an additional 933,974 shares during the last quarter. Norges Bank acquired a new stake in Sanmina during the 4th quarter worth approximately $101,751,000. Fisher Asset Management LLC boosted its position in Sanmina by 289.6% during the 4th quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker's stock worth $97,571,000 after buying an additional 483,312 shares during the period. Finally, Marshall Wace LLP grew its holdings in Sanmina by 520.3% during the 4th quarter. Marshall Wace LLP now owns 428,519 shares of the electronics maker's stock worth $64,308,000 after acquiring an additional 359,441 shares during the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

Sanmina Stock Performance

Shares of SANM stock opened at $194.01 on Friday. The stock has a market capitalization of $10.40 billion, a PE ratio of 34.71, a PEG ratio of 0.68 and a beta of 1.59. The business's 50 day simple moving average is $209.27 and its 200 day simple moving average is $193.02. 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 one year low of $110.44 and a one year high of $288.68.

Sanmina (NASDAQ:SANM - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.54. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The firm had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the business earned $1.53 EPS. The company's revenue was up 69.7% compared to the same quarter last year. 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 forecast that Sanmina Corporation will post 10.41 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on SANM shares. JPMorgan Chase & Co. decreased their price target on shares of Sanmina from $275.00 to $260.00 and set a "neutral" rating for the company in a research report on Tuesday, July 28th. Wall Street Zen upgraded shares of Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. Zacks Research raised shares of Sanmina from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. Finally, Weiss Ratings downgraded Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sanmina currently has an average rating of "Moderate Buy" and a consensus price target of $198.33.

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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