Sanmina Corporation $SANM Shares Acquired by Navellier & Associates Inc.

Navellier & Associates Inc. increased its position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 498.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,939 shares of the electronics maker's stock after acquiring an additional 17,441 shares during the period. Navellier & Associates Inc.'s holdings in Sanmina were worth $5,299,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Sanmina during the second quarter worth about $1,390,702,000. Invesco Ltd. grew its holdings in shares of Sanmina by 74.6% in the third quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker's stock valued at $251,590,000 after purchasing an additional 933,974 shares in the last quarter. Bank of America Corp DE purchased a new stake in Sanmina during the 2nd quarter worth approximately $189,012,000. Norges Bank purchased a new stake in Sanmina during the 4th quarter worth approximately $101,751,000. Finally, Fisher Asset Management LLC increased its stake in Sanmina by 289.6% during the 4th quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker's stock worth $97,571,000 after buying an additional 483,312 shares during the period. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SANM has been the subject of several research reports. Weiss Ratings downgraded shares of Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 18th. Wall Street Zen upgraded Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. JPMorgan Chase & Co. lowered their target price on Sanmina from $275.00 to $260.00 and set a "neutral" rating for the company in a research note on Tuesday, July 28th. Finally, Zacks Research upgraded Sanmina from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $198.33.

Sanmina Stock Down 4.6%

Shares of NASDAQ:SANM opened at $194.01 on Friday. Sanmina Corporation has a fifty-two week low of $110.44 and a fifty-two week high of $288.68. The firm's 50 day moving average price is $209.27 and its 200 day moving average price is $193.02. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71. The stock has a market cap of $10.40 billion, a price-to-earnings ratio of 34.71, a price-to-earnings-growth ratio of 0.71 and a beta of 1.59.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, beating 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 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 prior year, the firm posted $1.53 EPS. The company's quarterly revenue 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 predict that Sanmina Corporation will post 10.41 earnings per share for the current fiscal year.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source