The Manufacturers Life Insurance Company bought a new stake in Sanmina Corporation (NASDAQ:SANM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 36,500 shares of the electronics maker's stock, valued at approximately $9,237,000. The Manufacturers Life Insurance Company owned approximately 0.07% of Sanmina as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in SANM. ANB Bank raised its holdings in Sanmina by 3.2% during the first quarter. ANB Bank now owns 1,645 shares of the electronics maker's stock worth $213,000 after purchasing an additional 51 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Sanmina by 5.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,048 shares of the electronics maker's stock valued at $136,000 after purchasing an additional 54 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Sanmina by 1.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker's stock worth $562,000 after purchasing an additional 69 shares during the period. Vise Technologies Inc. increased its position in Sanmina by 2.0% during the 3rd quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker's stock worth $417,000 after purchasing an additional 71 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its stake in shares of Sanmina by 3.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,274 shares of the electronics maker's stock worth $295,000 after buying an additional 75 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.
Sanmina Stock Performance
SANM opened at $194.01 on Friday. Sanmina Corporation has a 1-year low of $110.44 and a 1-year high of $288.68. The stock has a market cap of $10.40 billion, a P/E ratio of 34.71, a P/E/G ratio of 0.68 and a beta of 1.59. The stock's 50 day simple moving average is $209.27 and its 200 day simple moving average is $193.02. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.78 and a quick ratio of 1.06.
Sanmina (NASDAQ:SANM - Get Free Report) last issued 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. The firm had revenue of $3.46 billion during the quarter, compared to analysts' expectations of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.Sanmina's revenue was up 69.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.53 earnings per share. 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 analysts anticipate that Sanmina Corporation will post 10.41 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have recently commented on SANM. Weiss Ratings cut Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 18th. Wall Street Zen upgraded Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. Zacks Research raised Sanmina from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. decreased their target price 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. One 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $198.33.
View Our Latest Report on SANM
Sanmina Profile
(
Free Report)
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.
Further Reading
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