Engineers Gate Manager LP Grows Stake in Sanmina Corporation $SANM

Engineers Gate Manager LP raised its holdings in Sanmina Corporation (NASDAQ:SANM) by 45.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,398 shares of the electronics maker’s stock after acquiring an additional 5,416 shares during the quarter. Engineers Gate Manager LP’s holdings in Sanmina were worth $4,403,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. ANB Bank raised its position in shares of Sanmina by 3.2% during the 1st quarter. ANB Bank now owns 1,645 shares of the electronics maker’s stock valued at $213,000 after buying an additional 51 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Sanmina by 5.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,048 shares of the electronics maker’s stock valued at $136,000 after acquiring an additional 54 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Sanmina by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker’s stock valued at $562,000 after acquiring an additional 69 shares during the last quarter. Vise Technologies Inc. raised its position in Sanmina by 2.0% during the third quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker’s stock valued at $417,000 after purchasing an additional 71 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in Sanmina by 3.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,274 shares of the electronics maker’s stock valued at $295,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Sanmina Stock Up 6.2%

Shares of NASDAQ:SANM opened at $216.00 on Friday. The stock has a 50 day moving average price of $200.80 and a 200-day moving average price of $196.66. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.06 and a current ratio of 1.78. The firm has a market capitalization of $11.58 billion, a P/E ratio of 38.64, a P/E/G ratio of 0.76 and a beta of 1.60. Sanmina Corporation has a 52-week low of $110.44 and a 52-week high of $288.68.

Sanmina (NASDAQ:SANM) last announced its earnings results on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.54. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The firm had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the previous year, the business posted $1.53 EPS. 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. As a group, equities research analysts anticipate that Sanmina Corporation will post 10.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Weiss Ratings upgraded Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 3rd. 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 research report on Tuesday, July 28th. Zacks Research raised 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 research note on Saturday, August 1st. One research 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.33.

Sanmina Profile

Sanmina Corporation (NASDAQ: SANM) is a global provider of integrated manufacturing, engineering and supply chain services for original equipment manufacturers. The company designs, builds and supports complex electronic and mechanical products, helping customers manage product development, production, logistics and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, electromechanical manufacturing, precision machining, enclosures, optical and radio-frequency components, testing, repair and product fulfillment.