5,179 Shares in Sanmina Corporation $SANM Purchased by Virtus Advisers LLC

Virtus Advisers LLC bought a new stake in Sanmina Corporation (NASDAQ:SANM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,179 shares of the electronics maker’s stock, valued at approximately $1,311,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SANM. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Sanmina by 21,174.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,529 shares of the electronics maker’s stock valued at $3,831,000 after acquiring an additional 25,409 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Sanmina by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker’s stock worth $244,500,000 after purchasing an additional 58,529 shares during the last quarter. Legato Capital Management LLC purchased a new position in shares of Sanmina during the fourth quarter worth $1,233,000. Fisher Asset Management LLC lifted its position in Sanmina by 289.6% during the fourth quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker’s stock valued at $97,571,000 after purchasing an additional 483,312 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its position in Sanmina by 57.5% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 762,365 shares of the electronics maker’s stock valued at $98,833,000 after purchasing an additional 278,465 shares during the period. Institutional investors and hedge funds own 92.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. 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 lowered shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. lowered 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Sanmina presently has an average rating of “Moderate Buy” and a consensus target price of $198.33.

Insider Buying and Selling

In related news, CFO Jonathan P. Faust sold 10,076 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 77,000 shares in the company, valued at $20,466,600. This trade represents a 11.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 Down 2.0%

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. The stock’s fifty day moving average is $215.84 and its two-hundred day moving average is $191.43. Sanmina Corporation has a 52 week low of $108.50 and a 52 week high of $288.68. The stock has a market capitalization of $10.22 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 0.68 and a beta of 1.59.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, topping the consensus estimate of $2.77 by $0.54. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same period last year, the business posted $1.53 earnings per share. The company’s quarterly revenue was up 69.7% on a year-over-year basis. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Research analysts anticipate 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.