Legal & General Group Plc Buys Shares of 77,489 Sanmina Corporation $SANM

Key Points

• Legal & General Group acquired 77,489 Sanmina shares worth approximately $19.6 million, while institutional investors collectively own 92.71% of the company.
• Sanmina reported strong quarterly results, with EPS of $3.31 beating estimates of $2.77 and revenue rising 69.7% year over year to $3.46 billion.
• Shares opened at $194.01 after declining 4.6%; analysts maintain a “Moderate Buy” consensus with an average price target of $198.33.

Legal & General Group Plc purchased a new stake in Sanmina Corporation (NASDAQ:SANM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 77,489 shares of the electronics maker's stock, valued at approximately $19,611,000. Legal & General Group Plc owned approximately 0.14% of Sanmina as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Sanmina in the second quarter valued at about $1,390,702,000. Invesco Ltd. increased its stake in shares of Sanmina by 22.0% during the 4th quarter. Invesco Ltd. now owns 2,667,240 shares of the electronics maker's stock worth $400,273,000 after purchasing an additional 481,588 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Sanmina by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker's stock worth $244,500,000 after purchasing an additional 58,529 shares in the last quarter. Bank of America Corp DE raised its position in shares of Sanmina by 14.6% during the 1st quarter. Bank of America Corp DE now owns 945,382 shares of the electronics maker's stock worth $122,559,000 after purchasing an additional 120,164 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of Sanmina by 57.5% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 762,365 shares of the electronics maker's stock worth $98,833,000 after purchasing an additional 278,465 shares during the last quarter. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Sanmina Trading Down 4.6%

Shares of Sanmina stock opened at $194.01 on Friday. Sanmina Corporation has a fifty-two week low of $110.44 and a fifty-two week high of $288.68. The firm has a market cap of $10.40 billion, a PE ratio of 34.71, a P/E/G ratio of 0.68 and a beta of 1.59. The business's fifty day moving average is $209.27 and its two-hundred day moving average is $193.02. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71.

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

Wall Street Analysts Forecast Growth

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

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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