Wellington Management Group LLP Has $81.17 Million Stock Position in Sanmina Corporation $SANM

Key Points

• Wellington Management more than doubled its Sanmina stake in the second quarter, adding 169,016 shares to hold 320,747 shares worth approximately $81.17 million. Institutional investors collectively own 92.71% of the company.
• Analyst sentiment remains positive overall, with Sanmina receiving a consensus “Moderate Buy” rating and an average price target of $198.33, although JPMorgan lowered its target to $260 and maintained a neutral rating.
• Sanmina reported strong quarterly results, posting $3.31 in EPS versus the $2.77 consensus estimate and $3.46 billion in revenue. Revenue increased 69.7% year over year, while the company issued fiscal 2026 EPS guidance of $11.90–$12.20.

Wellington Management Group LLP lifted its stake in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 111.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 320,747 shares of the electronics maker's stock after purchasing an additional 169,016 shares during the period. Wellington Management Group LLP owned 0.60% of Sanmina worth $81,175,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Sanmina during the second quarter worth $1,390,702,000. Invesco Ltd. lifted its stake in Sanmina by 22.0% in the fourth quarter. Invesco Ltd. now owns 2,667,240 shares of the electronics maker's stock valued at $400,273,000 after acquiring an additional 481,588 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Sanmina by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker's stock valued at $244,500,000 after acquiring an additional 58,529 shares during the period. Bank of America Corp DE grew its position in shares of Sanmina by 14.6% in the 1st quarter. Bank of America Corp DE now owns 945,382 shares of the electronics maker's stock valued at $122,559,000 after acquiring an additional 120,164 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of Sanmina by 57.5% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 762,365 shares of the electronics maker's stock worth $98,833,000 after purchasing an additional 278,465 shares during the last quarter. Institutional investors and hedge funds own 92.71% of the company's stock.

Analysts Set New Price Targets

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

Sanmina Stock Performance

Shares of SANM stock opened at $187.67 on Thursday. The company has a market capitalization of $10.06 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 0.66 and a beta of 1.60. 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 company has a 50-day simple moving average of $205.72 and a 200 day simple moving average of $194.24. Sanmina Corporation has a 52 week low of $110.44 and a 52 week high of $288.68.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, beating analysts' consensus estimates of $2.77 by $0.54. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. Sanmina's quarterly revenue was up 69.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.53 EPS. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. On average, sell-side analysts predict that Sanmina Corporation will post 10.41 earnings per share for the current 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.

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