50,238 Shares in Sanmina Corporation $SANM Bought by Empowered Funds LLC

Empowered Funds LLC acquired a new stake in Sanmina Corporation (NASDAQ:SANM) during the 2nd quarter, Holdings Channel reports. The fund acquired 50,238 shares of the electronics maker’s stock, valued at approximately $12,714,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Sanmina in the second quarter worth about $1,390,702,000. Invesco Ltd. grew its holdings in shares of Sanmina by 22.0% during the 4th quarter. Invesco Ltd. now owns 2,667,240 shares of the electronics maker’s stock valued at $400,273,000 after purchasing an additional 481,588 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Sanmina by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker’s stock valued at $244,500,000 after purchasing an additional 58,529 shares during the last quarter. Bank of America Corp DE increased its position in Sanmina by 14.6% during the 1st quarter. Bank of America Corp DE now owns 945,382 shares of the electronics maker’s stock worth $122,559,000 after purchasing an additional 120,164 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in Sanmina by 57.5% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 762,365 shares of the electronics maker’s stock worth $98,833,000 after purchasing an additional 278,465 shares in the last quarter. Institutional investors own 92.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SANM. JPMorgan Chase & Co. cut their target price on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Weiss Ratings downgraded shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 18th. Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Sanmina currently has a consensus rating of “Moderate Buy” and an average price target of $198.33.

Sanmina Stock Down 4.6%

Shares of SANM opened at $194.01 on Friday. The company has a market capitalization of $10.40 billion, a PE ratio of 34.71, a PEG ratio of 0.71 and a beta of 1.59. Sanmina Corporation has a 12 month low of $110.44 and a 12 month high of $288.68. The stock’s 50-day moving average price is $209.27 and its two-hundred day moving average price is $193.02. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.71.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data 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 company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The firm’s revenue was up 69.7% compared to the same quarter last year. During the same period last year, the company 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. On average, analysts anticipate that Sanmina Corporation will post 10.41 EPS for the current year.

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.