Great Lakes Advisors LLC Acquires New Shares in Sanmina Corporation $SANM

Great Lakes Advisors LLC bought a new stake in shares of Sanmina Corporation (NASDAQ:SANM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 37,396 shares of the electronics maker’s stock, valued at approximately $9,464,000.

Several other institutional investors have also recently made changes to their positions in the stock. Danske Bank A S bought a new position in shares of Sanmina in the second quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Sanmina during the 3rd quarter valued at $26,000. N.E.W. Advisory Services LLC bought a new stake in shares of Sanmina during the 2nd quarter valued at $36,000. Employees Retirement System of Texas purchased a new stake in Sanmina during the 4th quarter worth about $39,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Sanmina during the 2nd quarter worth about $50,000. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Sanmina Price Performance

Sanmina stock opened at $198.28 on Wednesday. Sanmina Corporation has a 52 week low of $108.36 and a 52 week high of $288.68. The business has a 50-day simple moving average of $217.70 and a 200 day simple moving average of $190.80. 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 stock has a market cap of $10.63 billion, a price-to-earnings ratio of 35.47, a PEG ratio of 0.74 and a beta of 1.59.

Sanmina (NASDAQ:SANM) last announced its earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share 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 business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same period in the prior year, the company earned $1.53 EPS. The company’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. On average, research analysts forecast that Sanmina Corporation will post 10.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Sanmina

In related news, CFO Jonathan P. Faust sold 10,076 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $265.80, for a total value of $2,678,200.80. Following the transaction, the chief financial officer directly owned 77,000 shares in the company, valued at approximately $20,466,600. This represents a 11.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

SANM has been the subject of several analyst reports. JPMorgan Chase & Co. cut their target price on 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 raised shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 15th. Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.