Vise Technologies Inc. Takes Position in Sanmina Corporation $SANM

Vise Technologies Inc. bought a new stake in Sanmina Corporation (NASDAQ:SANM - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,603 shares of the electronics maker's stock, valued at approximately $1,418,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Amundi acquired a new position in Sanmina in the 1st quarter valued at approximately $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Sanmina by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,968 shares of the electronics maker's stock worth $2,435,000 after purchasing an additional 1,387 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Sanmina during the first quarter valued at approximately $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Sanmina by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,287 shares of the electronics maker's stock valued at $9,621,000 after purchasing an additional 12,061 shares during the period. Finally, Jane Street Group LLC raised its stake in shares of Sanmina by 572.5% in the first quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker's stock valued at $6,083,000 after purchasing an additional 67,973 shares in the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, CFO Jonathan P. Faust sold 10,076 shares of the firm's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the completion of the sale, the chief financial officer owned 77,000 shares of the company's stock, valued at approximately $20,466,600. This trade represents a 11.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.10% of the company's stock.

Sanmina Stock Down 1.0%

Shares of NASDAQ SANM opened at $188.89 on Friday. The stock has a market cap of $10.12 billion, a PE ratio of 33.79, a PEG ratio of 0.66 and a beta of 1.59. The business has a fifty day moving average of $214.52 and a two-hundred day moving average of $191.41. Sanmina Corporation has a 52-week low of $110.44 and a 52-week 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.

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, topping 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 prior year, the firm earned $1.53 EPS. The firm'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 expect that Sanmina Corporation will post 10.41 earnings per share for the current fiscal year.

Sanmina Company 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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