Nicholas Investment Partners LP Acquires New Position in Sanmina Corporation $SANM

Nicholas Investment Partners LP acquired a new position in shares of Sanmina Corporation (NASDAQ:SANM) during the second quarter, HoldingsChannel reports. The fund acquired 19,802 shares of the electronics maker’s stock, valued at approximately $5,011,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Danske Bank A S acquired a new stake in shares of Sanmina during the 2nd quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Sanmina in the 3rd quarter worth approximately $26,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Sanmina in the 2nd quarter worth approximately $31,000. N.E.W. Advisory Services LLC purchased a new position in Sanmina in the 2nd quarter valued at approximately $36,000. Finally, Employees Retirement System of Texas purchased a new position in Sanmina in the 4th quarter valued at approximately $39,000. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on SANM shares. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Weiss Ratings downgraded 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 target on Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. Finally, Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. One equities research 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 MarketBeat, Sanmina presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.33.

Sanmina Price Performance

Shares of NASDAQ:SANM opened at $185.41 on Tuesday. Sanmina Corporation has a one year low of $110.44 and a one year high of $288.68. The stock has a market cap of $9.94 billion, a PE ratio of 33.17, a price-to-earnings-growth ratio of 0.66 and a beta of 1.59. The business’s fifty day moving average price is $213.03 and its two-hundred day moving average price is $191.92. 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 posted its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, beating 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 business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the company earned $1.53 earnings per share. The business’s revenue for the quarter 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. On average, analysts forecast that Sanmina Corporation will post 10.41 EPS for the current fiscal year.

Insider Activity at Sanmina

In other news, CFO Jonathan P. Faust sold 10,076 shares of Sanmina stock in a transaction dated Friday, May 29th. The shares were 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 in the company, valued at $20,466,600. The trade was a 11.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is currently owned by company insiders.

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.