2,855 Shares in Sanmina Corporation $SANM Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new position in shares of Sanmina Corporation (NASDAQ:SANM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,855 shares of the electronics maker’s stock, valued at approximately $718,000.

Several other institutional investors and hedge funds also recently bought and sold shares of SANM. Danske Bank A S purchased a new stake in shares of Sanmina in the 2nd quarter valued at approximately $25,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Sanmina during the 2nd quarter valued at approximately $31,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Sanmina during the 2nd quarter valued at approximately $36,000. Fiduciary Financial Advisors acquired a new position in Sanmina in the second quarter valued at approximately $39,000. Finally, Global Retirement Partners LLC acquired a new position in Sanmina in the second quarter valued at approximately $50,000. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. reduced 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. Weiss Ratings lowered Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 18th. Finally, Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. One investment 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.33.

Sanmina Stock Performance

NASDAQ:SANM opened at $187.67 on Thursday. Sanmina Corporation has a fifty-two week low of $110.44 and a fifty-two week high of $288.68. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.06 and a current ratio of 1.78. The company has a 50 day moving average price of $205.72 and a 200 day moving average price of $194.24. The stock has a market capitalization of $10.06 billion, a P/E ratio of 33.57, a PEG ratio of 0.66 and a beta of 1.60.

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