Horizon Investment Services LLC Purchases Shares of 10,792 Sanmina Corporation $SANM

Horizon Investment Services LLC acquired a new stake in shares of Sanmina Corporation (NASDAQ:SANM) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,792 shares of the electronics maker’s stock, valued at approximately $2,731,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Sanmina in the 3rd quarter worth about $26,000. Employees Retirement System of Texas bought a new stake in Sanmina during the fourth quarter worth about $39,000. Global Retirement Partners LLC bought a new stake in Sanmina during the second quarter worth about $50,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Sanmina by 182.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock worth $51,000 after buying an additional 219 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Sanmina by 235.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock worth $55,000 after buying an additional 259 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Price Performance

Shares of NASDAQ SANM opened at $210.84 on Monday. Sanmina Corporation has a 1 year low of $108.36 and a 1 year high of $288.68. The firm’s 50-day moving average is $219.28 and its 200-day moving average is $189.96. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $11.30 billion, a PE ratio of 37.72, a price-to-earnings-growth ratio of 0.74 and a beta of 1.59.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, beating 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 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 business posted $1.53 earnings per share. Sanmina’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 analysts expect that Sanmina Corporation will post 10.41 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SANM shares. Weiss Ratings raised Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. cut their price objective on Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $198.33.

Insider Activity at Sanmina

In related news, CFO Jonathan P. Faust sold 10,076 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $265.80, for a total value of $2,678,200.80. Following the completion of the sale, the chief financial officer 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 SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is currently owned by company insiders.

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.