Sanmina Corporation $SANM is Lone Peak Global Investors LLC's 9th Largest Position

Key Points

• Lone Peak Global Investors increased its Sanmina stake by 6.1% in the second quarter to 104,055 shares valued at approximately $26.3 million, making SANM its ninth-largest holding and 3.6% of its portfolio.
• 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.
• Analyst sentiment remains positive overall, with an average “Moderate Buy” rating and a $198.33 price target, although JPMorgan lowered its target to $260 and shares were recently trading down 4.8% at $187.30.

Lone Peak Global Investors LLC boosted its stake in Sanmina Corporation (NASDAQ:SANM - Free Report) by 6.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,055 shares of the electronics maker's stock after purchasing an additional 5,948 shares during the period. Sanmina makes up about 3.6% of Lone Peak Global Investors LLC's investment portfolio, making the stock its 9th biggest holding. Lone Peak Global Investors LLC owned approximately 0.19% of Sanmina worth $26,334,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Sanmina from $275.00 to $260.00 and set a "neutral" rating for the company in a research report on Tuesday, July 28th. 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 downgraded shares of Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 18th. Finally, Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $198.33.

Sanmina Trading Down 4.8%

Shares of SANM opened at $187.30 on Wednesday. The company has a market capitalization of $10.04 billion, a P/E ratio of 33.51, a P/E/G ratio of 0.69 and a beta of 1.60. Sanmina Corporation has a one year low of $110.44 and a one year high of $288.68. 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 50-day moving average price of $206.94 and a 200 day moving average price of $193.92.

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 the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the previous year, the business earned $1.53 EPS. Sanmina'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. Sell-side analysts forecast that Sanmina Corporation will post 10.41 EPS for the current fiscal 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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