Heartland Advisors Inc. Makes New $12.65 Million Investment in Sanmina Corporation $SANM

Heartland Advisors Inc. purchased a new position in Sanmina Corporation (NASDAQ:SANM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 50,000 shares of the electronics maker’s stock, valued at approximately $12,654,000.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Sanmina in the second quarter valued at about $1,390,702,000. Invesco Ltd. raised its holdings in shares of Sanmina by 74.6% in the 3rd quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker’s stock worth $251,590,000 after purchasing an additional 933,974 shares during the period. Norges Bank bought a new stake in shares of Sanmina in the 4th quarter worth approximately $101,751,000. Fisher Asset Management LLC lifted its stake in Sanmina by 289.6% in 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 last quarter. Finally, Marshall Wace LLP lifted its stake in Sanmina by 520.3% in the fourth quarter. Marshall Wace LLP now owns 428,519 shares of the electronics maker’s stock valued at $64,308,000 after purchasing an additional 359,441 shares during the last quarter. Institutional investors own 92.71% of the company’s stock.

Sanmina Stock Down 1.0%

SANM opened at $188.89 on Friday. The company has a 50 day moving average of $214.52 and a 200 day moving average of $191.41. The company has a market cap of $10.12 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 0.67 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 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 released its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 earnings per share 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 business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same period in the previous year, the business earned $1.53 EPS. Sanmina’s revenue was up 69.7% compared to the same quarter last year. 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, sell-side analysts expect that Sanmina Corporation will post 10.41 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. dropped their price target on Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings lowered Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. One research 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 MarketBeat, Sanmina currently has a consensus rating of “Moderate Buy” and an average target price of $198.33.

Insider Buying and Selling at Sanmina

In other news, CFO Jonathan P. Faust sold 10,076 shares of Sanmina stock in a transaction on Friday, May 29th. The stock was 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 directly owned 77,000 shares in the company, valued at approximately $20,466,600. The trade was a 11.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.10% of the company’s stock.

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.