Cibc World Market Inc. Acquires Shares of 3,938 Sanmina Corporation $SANM

Cibc World Market Inc. acquired a new position in Sanmina Corporation (NASDAQ:SANM) in the second quarter, HoldingsChannel.com reports. The fund acquired 3,938 shares of the electronics maker’s stock, valued at approximately $997,000.

Several other hedge funds have also modified their holdings of SANM. Danske Bank A S purchased a new position in shares of Sanmina in the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in Sanmina in the 3rd quarter worth about $26,000. Keating Financial Advisory Services Inc. purchased a new position in Sanmina during the second quarter worth approximately $31,000. N.E.W. Advisory Services LLC purchased a new position in Sanmina during the second quarter worth approximately $36,000. Finally, Employees Retirement System of Texas acquired a new stake in Sanmina in the fourth quarter valued at approximately $39,000. 92.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SANM shares. Weiss Ratings cut Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 18th. JPMorgan Chase & Co. decreased their target price on Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Finally, Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.33.

Sanmina Stock Up 2.4%

SANM stock opened at $203.35 on Friday. Sanmina Corporation has a 52 week low of $110.44 and a 52 week high of $288.68. 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 firm has a 50-day simple moving average of $210.22 and a 200-day simple moving average of $193.01. The stock has a market capitalization of $10.90 billion, a P/E ratio of 36.38, a P/E/G ratio of 0.70 and a beta of 1.59.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.54. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same period last year, the company posted $1.53 EPS. Sanmina’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. Equities analysts forecast that Sanmina Corporation will post 10.41 earnings per share for the current fiscal year.

Sanmina 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.