4,840 Shares in Sanmina Corporation $SANM Purchased by Summit Global Investments

Summit Global Investments acquired a new stake in shares of Sanmina Corporation (NASDAQ:SANM) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,840 shares of the electronics maker’s stock, valued at approximately $1,225,000.

Several other large investors also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of Sanmina during the third quarter worth approximately $26,000. Employees Retirement System of Texas bought a new position in Sanmina in the fourth quarter worth approximately $39,000. Northwestern Mutual Wealth Management Co. increased its holdings in Sanmina by 182.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock worth $51,000 after purchasing an additional 219 shares during the period. Steward Partners Investment Advisory LLC raised its position in Sanmina by 235.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock valued at $55,000 after purchasing an additional 259 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Sanmina in the 4th quarter worth $60,000. 92.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SANM has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Weiss Ratings raised shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 15th. Finally, Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research note 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $198.33.

Insider Buying and Selling at Sanmina

In other news, CFO Jonathan P. Faust sold 10,076 shares of Sanmina 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 owned 77,000 shares of the company’s stock, valued at $20,466,600. The trade was a 11.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.10% of the company’s stock.

Sanmina Trading Up 2.1%

Shares of NASDAQ SANM opened at $210.84 on Friday. Sanmina Corporation has a 1-year low of $108.36 and a 1-year high of $288.68. The business has a fifty day moving average price of $219.28 and a 200 day moving average price of $189.91. The stock has a market capitalization of $11.30 billion, a P/E ratio of 37.72, a price-to-earnings-growth ratio of 0.72 and a beta of 1.59. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.78 and a quick ratio of 1.06.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.54. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The firm’s quarterly revenue was up 69.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.53 earnings per share. 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 expect that Sanmina Corporation will post 10.41 EPS for the current fiscal year.

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.