Legal & General Group Plc Buys New Holdings in Sanmina Corporation $SANM

Legal & General Group Plc purchased a new stake in shares of Sanmina Corporation (NASDAQ:SANM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 77,489 shares of the electronics maker’s stock, valued at approximately $19,611,000.

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

Sanmina Stock Down 4.6%

Shares of NASDAQ:SANM opened at $194.01 on Friday. 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 company has a fifty day simple moving average of $209.27 and a 200 day simple moving average of $193.02. The firm has a market cap of $10.40 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 0.68 and a beta of 1.59. Sanmina Corporation has a 12-month low of $110.44 and a 12-month high of $288.68.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.54. The firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The firm’s revenue was up 69.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. On average, equities research analysts anticipate that Sanmina Corporation will post 10.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SANM shares. Weiss Ratings downgraded shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 18th. Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. decreased their target price on Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.