Foster & Motley Inc. Acquires Shares of 13,848 Sanmina Corporation $SANM

Foster & Motley Inc. purchased a new position in shares of Sanmina Corporation (NASDAQ:SANM) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,848 shares of the electronics maker’s stock, valued at approximately $3,505,000.

Several other large investors also recently added to or reduced their stakes in SANM. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Sanmina during the 3rd quarter worth approximately $26,000. N.E.W. Advisory Services LLC acquired a new position in shares of Sanmina in the second quarter valued at approximately $36,000. Employees Retirement System of Texas acquired a new position in shares of Sanmina in the fourth quarter worth $39,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Sanmina during the 2nd quarter worth about $50,000. Finally, Global Retirement Partners LLC acquired a new stake in Sanmina in the second quarter valued at approximately $50,000. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sanmina

In related news, CFO Jonathan P. Faust sold 10,076 shares of Sanmina stock in a transaction on 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 transaction, the chief financial officer owned 77,000 shares in the company, valued at approximately $20,466,600. This trade represents a 11.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.

Sanmina Price Performance

Shares of NASDAQ:SANM opened at $198.28 on Wednesday. The company has a market cap of $10.63 billion, a P/E ratio of 35.47, a P/E/G ratio of 0.74 and a beta of 1.59. The business has a fifty day simple moving average of $217.70 and a 200-day simple moving average of $190.80. Sanmina Corporation has a 52 week low of $108.36 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.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.54. The firm 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% on a year-over-year basis. During the same period last year, the company earned $1.53 EPS. 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.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SANM. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. dropped their target price on Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Finally, Weiss Ratings raised Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently 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.