10,792 Shares in Sanmina Corporation $SANM Bought by Horizon Investment Services LLC

Horizon Investment Services LLC bought a new stake in Sanmina Corporation (NASDAQ:SANM) during the second quarter, according to its most recent filing with the SEC. The firm bought 10,792 shares of the electronics maker’s stock, valued at approximately $2,731,000.

Several other institutional investors have also recently bought and sold shares of SANM. Invesco Ltd. grew its position in shares of Sanmina by 22.0% in the fourth 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 boosted its stake in 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 period. Bank of America Corp DE boosted its stake 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 valued at $122,559,000 after purchasing an additional 120,164 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in Sanmina by 57.5% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 762,365 shares of the electronics maker’s stock valued at $98,833,000 after buying an additional 278,465 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in Sanmina by 17.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 732,369 shares of the electronics maker’s stock valued at $109,907,000 after buying an additional 108,202 shares during the last quarter. Institutional investors own 92.71% of the company’s stock.

Insider Transactions at Sanmina

In related news, CFO Jonathan P. Faust sold 10,076 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $265.80, for a total value of $2,678,200.80. Following the completion of the transaction, the chief financial officer owned 77,000 shares of the company’s stock, valued at $20,466,600. This represents a 11.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is owned by company insiders.

Sanmina Stock Performance

Shares of NASDAQ SANM opened at $210.84 on Monday. Sanmina Corporation has a one year low of $108.36 and a one year 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 business has a fifty day simple moving average of $219.28 and a 200 day simple moving average of $189.96. The firm has a market capitalization of $11.30 billion, a price-to-earnings ratio of 37.72, a PEG ratio of 0.74 and a beta of 1.59.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.54. The company had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The business’s revenue was up 69.7% on a year-over-year basis. During the same quarter in the prior year, the company 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. Sell-side analysts expect that Sanmina Corporation will post 10.41 EPS for the current year.

Analyst Upgrades and Downgrades

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