SummerHaven Investment Management LLC Buys New Shares in Sanmina Corporation $SANM

Key Points

• SummerHaven Investment Management bought 11,537 Sanmina shares worth approximately $2.48 million in the third quarter, making SANM its eighth-largest portfolio holding. Institutional investors collectively own 92.71% of the company.
• Analyst sentiment is mixed: Sanmina has an average rating of “Hold” from MarketBeat, with a consensus price target of $198.33. JPMorgan lowered its target to $260, while other firms issued upgrades and downgrades.
• Sanmina reported strong quarterly results, posting $3.31 in EPS versus the $2.77 consensus estimate and $3.46 billion in revenue, up 69.7% year over year. The stock opened at $175.67, below its 50-day and 200-day moving averages.

SummerHaven Investment Management LLC purchased a new stake in Sanmina Corporation (NASDAQ:SANM - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 11,537 shares of the electronics maker's stock, valued at approximately $2,479,000. Sanmina comprises about 1.7% of SummerHaven Investment Management LLC's portfolio, making the stock its 8th largest position.

Other large investors also recently made changes to their positions in the company. RFG Advisory LLC purchased a new position in shares of Sanmina in the 2nd quarter worth $1,218,000. Bank of America Corp DE acquired a new position in Sanmina in the second quarter valued at $189,012,000. Ausbil Investment Management Ltd boosted its holdings in Sanmina by 124.2% in the third quarter. Ausbil Investment Management Ltd now owns 17,157 shares of the electronics maker's stock valued at $3,687,000 after acquiring an additional 9,503 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Sanmina by 57.5% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 762,365 shares of the electronics maker's stock valued at $98,833,000 after acquiring an additional 278,465 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its position in Sanmina by 2,493.7% during the first quarter. Y Intercept Hong Kong Ltd now owns 36,805 shares of the electronics maker's stock valued at $4,771,000 after acquiring an additional 35,386 shares during the period. Hedge funds and other institutional investors own 92.71% of the company's stock.

Analyst Ratings Changes

SANM has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price target on Sanmina from $275.00 to $260.00 and set a "neutral" rating for the company in a research note on Tuesday, July 28th. Weiss Ratings lowered Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, September 18th. Wall Street Zen raised Sanmina from a "buy" rating to a "strong-buy" rating in a research note on Sunday, October 11th. Finally, Zacks Research cut Sanmina from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $198.33.

Sanmina Price Performance

Sanmina stock opened at $175.67 on Friday. Sanmina Corporation has a 52-week low of $118.10 and a 52-week high of $288.68. The firm has a fifty day moving average of $205.03 and a 200-day moving average of $209.86. The firm has a market capitalization of $9.42 billion, a P/E ratio of 31.43, a PEG ratio of 0.49 and a beta of 1.60. 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 posted its 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 analyst estimates of $3.40 billion. During the same quarter in the previous year, the business posted $1.53 EPS. The business'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. As a group, analysts predict that Sanmina Corporation will post 10.74 EPS for the current year.

About Sanmina

Sanmina Corporation is an integrated manufacturing solutions provider serving original equipment manufacturers in industries including communications, cloud infrastructure, industrial, medical, defense and aerospace, automotive, and consumer products. The company supports customers across the product life cycle, from design and engineering through manufacturing, testing, supply chain management, logistics, repair, and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, enclosure and mechanical manufacturing, optical and semiconductor-related technologies, and the production of complete electronic and electromechanical systems.

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