Monument Capital Management Makes New Investment in Sanmina Corporation $SANM

Key Points

• Monument Capital Management initiated a Sanmina stake of 18,254 shares worth approximately $3.9 million in the third quarter. Institutional investors collectively own 92.71% of the company.
• Sanmina reported quarterly EPS of $3.31, exceeding estimates of $2.77, while revenue reached $3.46 billion and increased 69.7% year over year.
• Analyst sentiment has softened, with recent downgrades and a consensus rating of Hold; the average price target is $198.33 versus the reported share price of $210.48.

Monument Capital Management bought a new stake in Sanmina Corporation (NASDAQ:SANM - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,254 shares of the electronics maker's stock, valued at approximately $3,923,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. ANB Bank increased its position in shares of Sanmina by 3.2% during the 1st quarter. ANB Bank now owns 1,645 shares of the electronics maker's stock valued at $213,000 after purchasing an additional 51 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Sanmina by 5.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,048 shares of the electronics maker's stock valued at $136,000 after buying an additional 54 shares during the period. PNC Financial Services Group Inc. grew its position in Sanmina by 1.6% during the first quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker's stock valued at $562,000 after buying an additional 69 shares during the period. Fifth Third Wealth Advisors LLC increased its holdings in Sanmina by 3.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,274 shares of the electronics maker's stock valued at $295,000 after buying an additional 75 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in Sanmina by 9.4% during the third quarter. Valeo Financial Advisors LLC now owns 968 shares of the electronics maker's stock valued at $208,000 after buying an additional 83 shares during the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Trading Down 4.1%

Shares of SANM stock opened at $210.48 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.06 and a current ratio of 1.78. The stock has a fifty day simple moving average of $204.87 and a two-hundred day simple moving average of $207.57. The firm has a market capitalization of $11.28 billion, a PE ratio of 37.65, a PEG ratio of 0.62 and a beta of 1.60. Sanmina Corporation has a 52-week low of $118.10 and a 52-week high of $288.68.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, beating the consensus estimate of $2.77 by $0.54. The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The business's revenue was up 69.7% on a year-over-year basis. During the same period in the previous year, the business 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. On average, analysts predict that Sanmina Corporation will post 10.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Zacks Research cut shares of Sanmina from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. 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. Weiss Ratings downgraded Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, September 18th. Finally, Wall Street Zen downgraded Sanmina from a "strong-buy" rating to a "buy" rating in a research note on Saturday, October 3rd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Sanmina currently has an average rating of "Hold" and a consensus price target of $198.33.

Sanmina Profile

Sanmina Corporation is an integrated manufacturing solutions provider serving original equipment manufacturers in industries including communications, cloud infrastructure, industrial, medical, defense and aerospace, automotive, and consumer products. The company supports customers across the product life cycle, from design and engineering through manufacturing, testing, supply chain management, logistics, repair, and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, enclosure and mechanical manufacturing, optical and semiconductor-related technologies, and the production of complete electronic and electromechanical systems.

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