Entropy Technologies LP Purchases Shares of 4,402 Sanmina Corporation $SANM

Entropy Technologies LP bought a new position in shares of Sanmina Corporation (NASDAQ:SANM) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,402 shares of the electronics maker’s stock, valued at approximately $571,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Sanmina by 21,174.2% in the fourth 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 period. Geode Capital Management LLC raised its position in 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 acquiring an additional 58,529 shares during the period. Legato Capital Management LLC purchased a new position in Sanmina during the fourth quarter valued at $1,233,000. Fisher Asset Management LLC grew its position in shares of 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 period. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of 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 worth $98,833,000 after purchasing an additional 278,465 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Key Sanmina News

Here are the key news stories impacting Sanmina this week:

• Positive Sentiment: Sanmina reported fiscal Q3 adjusted earnings of $3.31 per share, well above the $2.77 consensus estimate, while revenue reached $3.46 billion and rose 69.7% year over year. Strong AI infrastructure, cloud and accelerated-computing demand helped drive the performance. SANM Q3 Earnings Beat Estimates on AI Demand, Strong Execution
• Positive Sentiment: Management raised fiscal 2026 guidance to $11.90–$12.20 in earnings per share and highlighted new customer wins, the ZT Systems integration and expanded manufacturing, automation and AI capabilities. The outlook suggests Sanmina is converting revenue growth into improved margins and profitability. Sanmina Q3 Earnings Call Signals AI Infrastructure Growth Strategy
• Neutral Sentiment: Several analyses remain constructive, arguing that Sanmina could benefit from the multiyear AI infrastructure buildout. However, investors are questioning whether much of that growth is already reflected in the stock price, increasing the risk of profit-taking after the earnings announcement. Sanmina: Market Misses The Forest For The Trees (Rating Upgrade)
• Negative Sentiment: JPMorgan lowered its price target from $275 to $260 and maintained a neutral rating. Although the new target implies substantial potential upside from the current level, the move signals that the firm sees valuation or execution risks after the stock’s sharp run-up. JPMorgan Sanmina Price Target Update
• Negative Sentiment: Sanmina’s stock has experienced a sharp selloff even after beating estimates and raising guidance. GuruFocus also characterized the shares as overvalued, reinforcing concerns that expectations for AI-related growth were too aggressive and that the earnings beat was insufficient to support the valuation. Sanmina Shares Fall as GF Value Says Still Overvalued

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Weiss Ratings upgraded Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. reduced their target price on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a research note on Tuesday. Wall Street Zen cut shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Susquehanna began coverage on shares of Sanmina in a research report on Wednesday, April 1st. They set a “neutral” rating and a $135.00 price target on the stock. Finally, Zacks Research cut Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Sanmina presently has an average rating of “Hold” and a consensus price target of $198.33.

Sanmina Stock Down 5.0%

SANM stock opened at $163.85 on Thursday. Sanmina Corporation has a fifty-two week low of $108.36 and a fifty-two week high of $288.68. The company’s 50 day moving average price is $233.78 and its 200 day moving average price is $187.63. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.03 and a current ratio of 1.78. The firm has a market capitalization of $8.78 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 0.66 and a beta of 1.56.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.54. The firm had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The firm’s 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 earnings per share. 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, equities research analysts anticipate that Sanmina Corporation will post 9.36 EPS for the current fiscal year.

Insider Transactions at Sanmina

In other Sanmina news, Director David V. Hedley III sold 500 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $219.52, for a total transaction of $109,760.00. Following the transaction, the director directly owned 7,376 shares of the company’s stock, valued at approximately $1,619,179.52. This trade represents a 6.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jonathan P. Faust sold 10,076 shares of Sanmina stock in a transaction on Friday, May 29th. The shares were 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 owned 77,000 shares in the company, valued at approximately $20,466,600. This trade represents a 11.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 129,944 shares of company stock valued at $30,093,464 over the last ninety days. 3.10% of the stock is owned by insiders.

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.