NFJ Investment Group LLC Purchases Shares of 26,189 Sanmina Corporation $SANM

NFJ Investment Group LLC purchased a new stake in Sanmina Corporation (NASDAQ:SANM) in the 2nd quarter, HoldingsChannel reports. The fund purchased 26,189 shares of the electronics maker’s stock, valued at approximately $6,628,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ANB Bank boosted its holdings in Sanmina by 3.2% in the first quarter. ANB Bank now owns 1,645 shares of the electronics maker’s stock valued at $213,000 after acquiring an additional 51 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Sanmina by 5.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,048 shares of the electronics maker’s stock worth $136,000 after purchasing an additional 54 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Sanmina by 1.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker’s stock worth $562,000 after purchasing an additional 69 shares during the period. Vise Technologies Inc. boosted its stake in shares of Sanmina by 2.0% in the 3rd quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker’s stock valued at $417,000 after purchasing an additional 71 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of Sanmina by 3.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,274 shares of the electronics maker’s stock valued at $295,000 after purchasing an additional 75 shares during the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sanmina

In other news, CFO Jonathan P. Faust sold 10,076 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $265.80, for a total transaction 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 represents a 11.57% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Stock Performance

NASDAQ:SANM opened at $190.72 on Friday. 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 Corporation has a twelve month low of $108.50 and a twelve month high of $288.68. The company has a fifty day moving average of $215.84 and a 200-day moving average of $191.43. The firm has a market capitalization of $10.22 billion, a P/E ratio of 34.12, a P/E/G ratio of 0.68 and a beta of 1.59.

Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.54. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. Sanmina’s revenue was up 69.7% on a year-over-year basis. During the same period in the prior 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. As a group, sell-side analysts anticipate that Sanmina Corporation will post 10.41 EPS for the current year.

Analyst Upgrades and Downgrades

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

About Sanmina

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.