13,848 Shares in Sanmina Corporation $SANM Bought by Foster & Motley Inc.

Foster & Motley Inc. purchased a new stake in Sanmina Corporation (NASDAQ:SANM) in the 2nd quarter, HoldingsChannel reports. The fund purchased 13,848 shares of the electronics maker’s stock, valued at approximately $3,505,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SANM. N.E.W. Advisory Services LLC purchased a new stake in shares of Sanmina during the 2nd quarter valued at about $36,000. Global Retirement Partners LLC purchased a new stake in shares of Sanmina during the second quarter valued at approximately $50,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Sanmina during the 2nd quarter valued at $50,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Sanmina during the third quarter worth about $26,000. Finally, Employees Retirement System of Texas acquired a new position in shares of Sanmina in the fourth quarter worth about $39,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Insider Buying and Selling

In other Sanmina news, CFO Jonathan P. Faust sold 10,076 shares of Sanmina stock in a transaction on Friday, May 29th. The stock was sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the sale, the chief financial officer owned 77,000 shares of the company’s stock, valued at $20,466,600. The trade was a 11.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is currently owned by corporate insiders.

Sanmina Stock Performance

SANM stock opened at $198.28 on Wednesday. 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 stock’s fifty day moving average is $217.70 and its two-hundred day moving average is $190.80. The stock has a market capitalization of $10.63 billion, a price-to-earnings ratio of 35.47, a PEG ratio of 0.74 and a beta of 1.59. Sanmina Corporation has a 1 year low of $108.36 and a 1 year high of $288.68.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, beating the consensus estimate of $2.77 by $0.54. The company 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 revenue was up 69.7% compared to the same quarter last year. During the same quarter last year, the business earned $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. On average, research analysts predict that Sanmina Corporation will post 10.41 EPS for the current year.

Analyst Upgrades and Downgrades

SANM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Weiss Ratings raised shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 15th. Finally, Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.33.

Sanmina 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.