Summit Global Investments Invests $1.23 Million in Sanmina Corporation $SANM

Summit Global Investments bought a new stake in shares of Sanmina Corporation (NASDAQ:SANM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,840 shares of the electronics maker’s stock, valued at approximately $1,225,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Amundi bought a new stake in Sanmina in the first quarter worth $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Sanmina by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,968 shares of the electronics maker’s stock worth $2,435,000 after buying an additional 1,387 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Sanmina in the 1st quarter worth about $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Sanmina by 10.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,287 shares of the electronics maker’s stock worth $9,621,000 after buying an additional 12,061 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of Sanmina by 572.5% during the 1st quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker’s stock valued at $6,083,000 after buying an additional 67,973 shares in the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sanmina

In other news, CFO Jonathan P. Faust sold 10,076 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was 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 of the company’s stock, valued at approximately $20,466,600. This represents a 11.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SANM shares. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Weiss Ratings raised Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 15th. Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. dropped their target price on Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a report 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. According to MarketBeat.com, Sanmina presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.33.

Sanmina Price Performance

Sanmina stock opened at $210.84 on Friday. Sanmina Corporation has a 12-month low of $108.36 and a 12-month high of $288.68. 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 50-day moving average price of $219.28 and a 200-day moving average price of $189.91. The firm has a market capitalization of $11.30 billion, a PE ratio of 37.72, a price-to-earnings-growth ratio of 0.72 and a beta of 1.59.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 EPS 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 company had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the prior year, the firm posted $1.53 EPS. The firm’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. As a group, equities research analysts forecast that Sanmina Corporation will post 10.41 EPS for the current year.

Sanmina 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.