Sanmina Corporation $SANM Stock Holdings Lifted by Hennessy Advisors Inc.

Hennessy Advisors Inc. increased its stake in shares of Sanmina Corporation (NASDAQ:SANM) by 13.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 347,400 shares of the electronics maker’s stock after buying an additional 42,500 shares during the quarter. Sanmina accounts for 2.8% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 2nd largest holding. Hennessy Advisors Inc.’s holdings in Sanmina were worth $87,920,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Danske Bank A S purchased a new stake in Sanmina in the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd purchased a new position in Sanmina during the 3rd quarter worth $26,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Sanmina in the 2nd quarter worth $31,000. N.E.W. Advisory Services LLC bought a new stake in shares of Sanmina in the 2nd quarter worth $36,000. Finally, Employees Retirement System of Texas purchased a new stake in shares of Sanmina in the fourth quarter valued at about $39,000. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Stock Down 4.6%

SANM opened at $194.01 on Friday. Sanmina Corporation has a twelve month low of $110.44 and a twelve month high of $288.68. The company’s 50-day moving average price is $209.27 and its two-hundred day moving average price is $193.02. The stock has a market cap of $10.40 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 0.68 and a beta of 1.59. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.54. The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. Sanmina’s quarterly revenue was up 69.7% compared to the same quarter last year. During the same quarter last year, the business 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. As a group, equities analysts expect that Sanmina Corporation will post 10.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SANM. JPMorgan Chase & Co. dropped their price target on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Weiss Ratings downgraded shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 18th. Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.