Sanmina Corporation $SANM Shares Newly Purchased by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC purchased a new position in Sanmina Corporation (NASDAQ:SANM) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 11,537 shares of the electronics maker’s stock, valued at approximately $2,479,000. Sanmina comprises approximately 1.7% of SummerHaven Investment Management LLC’s portfolio, making the stock its 8th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SANM. BlackRock Inc. acquired a new stake in Sanmina during the 2nd quarter valued at approximately $1,390,702,000. Bank of America Corp DE increased its holdings in Sanmina by 14.6% during the 1st quarter. Bank of America Corp DE now owns 945,382 shares of the electronics maker’s stock worth $122,559,000 after purchasing an additional 120,164 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in 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. Alyeska Investment Group L.P. raised its position in shares of Sanmina by 365.4% in the 2nd quarter. Alyeska Investment Group L.P. now owns 504,067 shares of the electronics maker’s stock valued at $127,569,000 after purchasing an additional 395,764 shares in the last quarter. Finally, Hennessy Advisors Inc. raised its position in shares of Sanmina by 13.9% in the 2nd quarter. Hennessy Advisors Inc. now owns 347,400 shares of the electronics maker’s stock valued at $87,920,000 after purchasing an additional 42,500 shares in the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Sanmina Stock Down 6.9%

NASDAQ:SANM opened at $175.67 on Friday. The company has a market capitalization of $9.42 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 0.49 and a beta of 1.60. Sanmina Corporation has a one year low of $118.10 and a one year high of $288.68. The stock has a 50-day simple moving average of $205.03 and a 200 day simple moving average of $209.86. 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 announced its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.54. Sanmina had a return on equity of 19.08% and a net margin of 2.41%. The firm had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same period in the previous year, the company earned $1.53 earnings per share. Sanmina’s quarterly revenue was up 69.7% on a year-over-year basis. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Sell-side analysts predict that Sanmina Corporation will post 10.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SANM shares. Zacks Research cut Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. JPMorgan Chase & Co. dropped their price target on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. Weiss Ratings cut shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 18th. Finally, Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 11th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $198.33.

Sanmina Company Profile

Sanmina Corporation is an integrated manufacturing solutions provider serving original equipment manufacturers in industries including communications, cloud infrastructure, industrial, medical, defense and aerospace, automotive, and consumer products. The company supports customers across the product life cycle, from design and engineering through manufacturing, testing, supply chain management, logistics, repair, and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, enclosure and mechanical manufacturing, optical and semiconductor-related technologies, and the production of complete electronic and electromechanical systems.