RFG Advisory LLC Takes $1.22 Million Position in Sanmina Corporation $SANM

Key Points

• RFG Advisory LLC acquired 4,811 Sanmina shares worth approximately $1.22 million in the second quarter, 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.
• The stock was trading at $216, up 6.2%, while analysts maintained a “Moderate Buy” consensus rating with an average price target of $198.33.

RFG Advisory LLC bought a new position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,811 shares of the electronics maker's stock, valued at approximately $1,218,000.

A number of other large investors also recently modified their holdings of the company. Danske Bank A S acquired a new stake in Sanmina in the 2nd quarter valued at $25,000. Keating Financial Advisory Services Inc. acquired a new position in Sanmina during the second quarter worth $31,000. NewEdge Advisors LLC acquired a new position in Sanmina during the second quarter worth $32,000. N.E.W. Advisory Services LLC bought a new position in shares of Sanmina in the second quarter valued at $36,000. Finally, Fiduciary Financial Advisors bought a new position in shares of Sanmina in the second quarter valued at $39,000. 92.71% of the stock is currently owned by institutional investors.

Sanmina Trading Up 6.2%

NASDAQ SANM opened at $216.00 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.71. The business has a fifty day simple moving average of $200.80 and a 200 day simple moving average of $196.66. Sanmina Corporation has a 12 month low of $110.44 and a 12 month high of $288.68. The firm has a market capitalization of $11.58 billion, a P/E ratio of 38.64, a PEG ratio of 0.71 and a beta of 1.60.

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

Wall Street Analyst Weigh In

SANM has been the subject of several recent research reports. Zacks Research raised shares of Sanmina from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Sanmina from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, September 3rd. JPMorgan Chase & Co. dropped their price target 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. Finally, Wall Street Zen upgraded Sanmina from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Sanmina currently has an average rating of "Moderate Buy" and a consensus price target of $198.33.

Sanmina Company Profile

Sanmina Corporation NASDAQ: SANM is a global provider of integrated manufacturing, engineering and supply chain services for original equipment manufacturers. The company designs, builds and supports complex electronic and mechanical products, helping customers manage product development, production, logistics and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, electromechanical manufacturing, precision machining, enclosures, optical and radio-frequency components, testing, repair and product fulfillment.

Want to see what other hedge funds are holding SANM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sanmina Corporation (NASDAQ:SANM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.