Pacifica Partners Inc. Has $1.73 Million Stake in Sanmina Corporation $SANM

Key Points

• Pacifica Partners cut its Sanmina stake by 50.8% in the second quarter, selling 7,053 shares and retaining 6,833 shares valued at approximately $1.73 million.
• Institutional investors and hedge funds own 92.71% of Sanmina’s outstanding shares, while several smaller funds recently initiated positions.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $198.33. Sanmina recently exceeded quarterly earnings and revenue estimates, reporting $3.31 in EPS and $3.46 billion in revenue.

Pacifica Partners Inc. trimmed its stake in Sanmina Corporation (NASDAQ:SANM - Free Report) by 50.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,833 shares of the electronics maker's stock after selling 7,053 shares during the period. Pacifica Partners Inc.'s holdings in Sanmina were worth $1,729,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Danske Bank A S acquired a new stake in shares of Sanmina in the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Sanmina during the 3rd quarter worth about $26,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Sanmina during the 2nd quarter worth about $31,000. N.E.W. Advisory Services LLC bought a new position in Sanmina during the 2nd quarter valued at about $36,000. Finally, Employees Retirement System of Texas bought a new position in Sanmina during the 4th quarter valued at about $39,000. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on SANM. Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 1st. Zacks Research raised Sanmina from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. 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 report on Tuesday, July 28th. Finally, Weiss Ratings cut 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 given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $198.33.

Sanmina Stock Down 4.8%

Shares of SANM opened at $187.30 on Wednesday. The firm has a market capitalization of $10.04 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 0.69 and a beta of 1.60. 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 business's fifty day moving average price is $206.94 and its two-hundred day moving average price is $193.92. Sanmina Corporation has a 52 week low of $110.44 and a 52 week high of $288.68.

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

Sanmina 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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