Connor Clark & Lunn Investment Management Ltd. Invests $71.41 Million in Sanmina Corporation $SANM

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Sanmina Corporation (NASDAQ:SANM) in the second quarter, Holdings Channel reports. The firm acquired 282,164 shares of the electronics maker’s stock, valued at approximately $71,410,000.

Other institutional investors also recently added to or reduced their stakes in the company. Amundi purchased a new position in Sanmina in the first quarter valued at about $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Sanmina by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,968 shares of the electronics maker’s stock valued at $2,435,000 after buying an additional 1,387 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of Sanmina during the first quarter valued at about $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 valued at $9,621,000 after buying an additional 12,061 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Sanmina by 572.5% in 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. Institutional investors own 92.71% of the company’s stock.

Insider Activity at Sanmina

In related news, CFO Jonathan P. Faust sold 10,076 shares of Sanmina 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 sale, the chief financial officer owned 77,000 shares of the company’s stock, valued at $20,466,600. The trade was a 11.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through 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 SANM stock opened at $188.89 on Monday. The firm has a market capitalization of $10.12 billion, a price-to-earnings ratio of 33.79, a price-to-earnings-growth ratio of 0.66 and a beta of 1.59. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.78 and a quick ratio of 1.06. The business has a fifty day moving average of $214.52 and a 200 day moving average of $191.70. Sanmina Corporation has a 1 year low of $110.44 and a 1 year high of $288.68.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.54. The business had revenue of $3.46 billion for 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 company’s quarterly revenue was up 69.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. As a group, research analysts expect that Sanmina Corporation will post 10.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. cut their price target on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Finally, Weiss Ratings downgraded Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 18th. 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, Sanmina currently 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.