Oppenheimer Asset Management Inc. Makes New $7.27 Million Investment in Sanmina Corporation $SANM

Key Points

• Oppenheimer Asset Management initiated a $7.27 million position in Sanmina, purchasing 28,721 shares; institutional investors collectively own 92.71% of the company.
• Sanmina reported strong quarterly results, with earnings per share of $3.31 surpassing estimates of $2.77 and revenue rising 69.7% year over year to $3.46 billion.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating, although JPMorgan lowered its price target to $260 and maintained a neutral rating; the consensus target is $198.33.

Oppenheimer Asset Management Inc. acquired a new position in Sanmina Corporation (NASDAQ:SANM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 28,721 shares of the electronics maker's stock, valued at approximately $7,269,000. Oppenheimer Asset Management Inc. owned about 0.05% of Sanmina as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in SANM. Amundi bought a new position in shares of Sanmina during the 1st quarter valued at $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Sanmina by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,968 shares of the electronics maker's stock worth $2,435,000 after purchasing an additional 1,387 shares during the last quarter. United Services Automobile Association purchased a new stake in Sanmina during the first quarter valued at about $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Sanmina by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,287 shares of the electronics maker's stock valued at $9,621,000 after buying an additional 12,061 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of Sanmina by 572.5% during the first quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker's stock valued at $6,083,000 after buying an additional 67,973 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company's stock.

Sanmina Price Performance

Shares of Sanmina stock opened at $210.84 on Friday. The business has a 50 day moving average of $219.28 and a 200 day moving average of $189.91. Sanmina Corporation has a 52 week low of $108.36 and a 52 week high of $288.68. The company has a market cap of $11.30 billion, a PE ratio of 37.72, a P/E/G ratio of 0.72 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.

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 for the quarter, beating 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 business had revenue of $3.46 billion for the quarter, compared to analysts' expectations of $3.40 billion. During the same quarter in the previous year, the business posted $1.53 earnings per share. The firm's revenue for the quarter 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, equities research analysts forecast that Sanmina Corporation will post 10.41 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on SANM. Wall Street Zen upgraded Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. Weiss Ratings upgraded Sanmina from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, July 15th. Zacks Research upgraded Sanmina from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. decreased their price target on Sanmina from $275.00 to $260.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Sanmina currently has a consensus rating of "Moderate Buy" and a consensus price target of $198.33.

Insider Buying and Selling at Sanmina

In related news, CFO Jonathan P. Faust sold 10,076 shares of the business's stock in a transaction dated Friday, May 29th. The shares were 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 $20,466,600. The trade was a 11.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.10% of the company's stock.

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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