Kendall Capital Management Makes New Investment in Sanmina Corporation $SANM

Kendall Capital Management purchased a new position in shares of Sanmina Corporation (NASDAQ:SANM) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,235 shares of the electronics maker’s stock, valued at approximately $1,325,000.

A number of other institutional investors have also modified their holdings of SANM. Danske Bank A S purchased a new position in Sanmina during the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in Sanmina during the third quarter worth about $26,000. Keating Financial Advisory Services Inc. purchased a new stake in Sanmina during the second quarter worth about $31,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Sanmina during the second quarter worth about $36,000. Finally, Employees Retirement System of Texas purchased a new position in shares of Sanmina in the fourth quarter valued at approximately $39,000. 92.71% of the stock is owned by institutional investors and hedge funds.

Sanmina Trading Down 1.0%

Shares of NASDAQ:SANM opened at $188.89 on Friday. Sanmina Corporation has a 52 week low of $110.44 and a 52 week high of $288.68. The company’s 50 day moving average is $214.52 and its two-hundred day moving average is $191.41. The company has a market cap of $10.12 billion, a PE ratio of 33.79, a P/E/G ratio of 0.66 and a beta of 1.59. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.71.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.54. The business had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The company’s revenue for the quarter was up 69.7% on a year-over-year basis. During the same period in the previous year, the company 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. Equities analysts predict that Sanmina Corporation will post 10.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sanmina news, CFO Jonathan P. Faust sold 10,076 shares of Sanmina stock in a transaction dated 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 completion of the sale, the chief financial officer directly 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 filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on SANM. JPMorgan Chase & Co. dropped their price objective 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. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings downgraded Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Sanmina currently has a consensus rating of “Moderate Buy” and an average price target of $198.33.

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.