RFG Advisory LLC Takes $1.22 Million Position in Sanmina Corporation $SANM

RFG Advisory LLC purchased a new stake in shares of Sanmina Corporation (NASDAQ:SANM) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,811 shares of the electronics maker’s stock, valued at approximately $1,218,000.

A number of other hedge funds have also bought and sold shares of SANM. Amundi bought a new position in Sanmina in the 1st quarter valued at $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Sanmina by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,968 shares of the electronics maker’s stock worth $2,435,000 after buying an additional 1,387 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Sanmina in the 1st quarter worth about $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Sanmina by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,287 shares of the electronics maker’s stock valued at $9,621,000 after buying an additional 12,061 shares during the period. Finally, Jane Street Group LLC grew its position in Sanmina by 572.5% during the first quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker’s stock valued at $6,083,000 after buying an additional 67,973 shares during the period. 92.71% of the stock is currently owned by institutional investors.

Sanmina Stock Performance

NASDAQ SANM opened at $216.00 on Friday. The firm has a market cap of $11.58 billion, a P/E ratio of 38.64, a price-to-earnings-growth ratio of 0.71 and a beta of 1.60. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71. The company’s 50 day moving average is $200.80 and its 200-day moving average is $196.66. Sanmina Corporation has a 12-month low of $110.44 and a 12-month high of $288.68.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, topping the consensus estimate of $2.77 by $0.54. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same period last year, the firm earned $1.53 EPS. Sanmina’s revenue for the quarter 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 10.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

SANM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased 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 raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings raised shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $198.33.

About Sanmina

Sanmina Corporation (NASDAQ: SANM) is a global provider of integrated manufacturing, engineering and supply chain services for original equipment manufacturers. The company designs, builds and supports complex electronic and mechanical products, helping customers manage product development, production, logistics and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, electromechanical manufacturing, precision machining, enclosures, optical and radio-frequency components, testing, repair and product fulfillment.