Nicholas Investment Partners LP Invests $5.01 Million in Sanmina Corporation $SANM

Key Points

• Nicholas Investment Partners initiated a $5.01 million position in Sanmina during the second quarter, while institutional investors collectively own 92.71% of the company’s shares.
• Analyst sentiment is moderately bullish: Sanmina has a consensus “Moderate Buy” rating and an average price target of $198.33, despite JPMorgan lowering its target to $260.
• 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. Shares opened at $185.41, down 1.8%.

Nicholas Investment Partners LP bought a new position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,802 shares of the electronics maker's stock, valued at approximately $5,011,000.

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

Wall Street Analysts Forecast Growth

SANM has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Sanmina from $275.00 to $260.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 28th. Weiss Ratings lowered Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 18th. Zacks Research upgraded Sanmina from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. Finally, Wall Street Zen upgraded Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. One 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $198.33.

Sanmina Stock Down 1.8%

Shares of NASDAQ:SANM opened at $185.41 on Tuesday. The company has a market cap of $9.94 billion, a price-to-earnings ratio of 33.17, a PEG ratio of 0.66 and a beta of 1.59. The firm's 50-day simple moving average is $213.03 and its 200-day simple moving average is $191.92. 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 Corporation has a fifty-two week low of $110.44 and a fifty-two week 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, topping the consensus estimate of $2.77 by $0.54. The firm had revenue of $3.46 billion during the quarter, compared to analysts' expectations of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The firm's revenue for the quarter was up 69.7% on a year-over-year basis. During the same period in the prior year, the company 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. As a group, equities research analysts predict that Sanmina Corporation will post 10.41 earnings per share for the current year.

Insider Transactions at Sanmina

In other Sanmina news, CFO Jonathan P. Faust sold 10,076 shares of the business's stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the transaction, the chief financial officer owned 77,000 shares in the company, valued at approximately $20,466,600. The trade was a 11.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.10% of the company's stock.

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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