Hennessy Advisors Inc. Purchases 42,500 Shares of Sanmina Corporation $SANM

Hennessy Advisors Inc. lifted its position in shares of Sanmina Corporation (NASDAQ:SANM) by 13.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 347,400 shares of the electronics maker’s stock after purchasing an additional 42,500 shares during the period. Sanmina comprises 2.8% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 2nd largest holding. Hennessy Advisors Inc. owned approximately 0.65% of Sanmina worth $87,920,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in Sanmina by 21,174.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,529 shares of the electronics maker’s stock valued at $3,831,000 after purchasing an additional 25,409 shares during the period. Geode Capital Management LLC raised its position in Sanmina by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker’s stock worth $244,500,000 after purchasing an additional 58,529 shares during the last quarter. Legato Capital Management LLC acquired a new position in Sanmina during the 4th quarter worth about $1,233,000. Fisher Asset Management LLC lifted its holdings in Sanmina by 289.6% during the 4th quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker’s stock worth $97,571,000 after buying an additional 483,312 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of Sanmina by 57.5% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 762,365 shares of the electronics maker’s stock valued at $98,833,000 after buying 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 brokerages have recently issued reports on SANM. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Weiss Ratings cut Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 18th. Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Sanmina currently has an average rating of “Moderate Buy” and a consensus price target of $198.33.

Sanmina Trading Down 4.6%

Shares of Sanmina stock opened at $194.01 on Friday. The stock has a market capitalization of $10.40 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 0.68 and a beta of 1.59. Sanmina Corporation has a 52 week low of $110.44 and a 52 week high of $288.68. The stock has a 50 day moving average price of $209.27 and a two-hundred day moving average price of $193.02. 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) last issued its earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.54. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The company had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same period last year, the business earned $1.53 EPS. Sanmina’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 analysts anticipate 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.