Kendall Capital Management Invests $1.32 Million in Sanmina Corporation $SANM

Kendall Capital Management bought a new stake in Sanmina Corporation (NASDAQ:SANM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,235 shares of the electronics maker’s stock, valued at approximately $1,325,000.

Other hedge funds have also recently modified their holdings of the company. ANB Bank raised its stake in Sanmina by 3.2% during the 1st quarter. ANB Bank now owns 1,645 shares of the electronics maker’s stock worth $213,000 after acquiring an additional 51 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Sanmina by 5.4% during the 1st 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. lifted its holdings in shares of Sanmina by 1.6% during the first quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker’s stock worth $562,000 after purchasing an additional 69 shares during the period. Vise Technologies Inc. lifted its stake in shares of Sanmina by 2.0% in the 3rd quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker’s stock worth $417,000 after acquiring an additional 71 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its holdings 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 worth $295,000 after purchasing an additional 75 shares in the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SANM has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Weiss Ratings cut Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. JPMorgan Chase & Co. cut their target price on Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. Finally, Wall Street Zen upgraded 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 assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Sanmina currently has an average rating of “Moderate Buy” and an average price target of $198.33.

Insider Buying and Selling

In other Sanmina news, CFO Jonathan P. Faust sold 10,076 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer owned 77,000 shares of the company’s stock, valued at approximately $20,466,600. This trade represents a 11.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.10% of the company’s stock.

Sanmina Stock Performance

NASDAQ:SANM opened at $188.89 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $10.12 billion, a P/E ratio of 33.79, a price-to-earnings-growth ratio of 0.66 and a beta of 1.59. The firm has a 50-day moving average price of $214.52 and a two-hundred day moving average price of $191.41. Sanmina Corporation has a twelve month low of $110.44 and a twelve month high of $288.68.

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

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.