Panagora Asset Management Inc. Purchases 6,710 Shares of Sanmina Corporation $SANM

Panagora Asset Management Inc. increased its position in Sanmina Corporation (NASDAQ:SANM) by 2.2% in the second quarter, HoldingsChannel reports. The firm owned 317,272 shares of the electronics maker’s stock after purchasing an additional 6,710 shares during the quarter. Panagora Asset Management Inc.’s holdings in Sanmina were worth $31,039,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its position in Sanmina by 9.2% during the first quarter. Cetera Investment Advisers now owns 4,033 shares of the electronics maker’s stock valued at $307,000 after buying an additional 339 shares during the period. LPL Financial LLC grew its position in shares of Sanmina by 24.3% in the 1st quarter. LPL Financial LLC now owns 21,331 shares of the electronics maker’s stock worth $1,625,000 after buying an additional 4,174 shares during the period. XTX Topco Ltd increased its stake in shares of Sanmina by 1.2% in the 1st quarter. XTX Topco Ltd now owns 11,886 shares of the electronics maker’s stock worth $905,000 after acquiring an additional 140 shares in the last quarter. Natixis Advisors LLC lifted its position in Sanmina by 8.9% during the 1st quarter. Natixis Advisors LLC now owns 17,322 shares of the electronics maker’s stock valued at $1,320,000 after acquiring an additional 1,414 shares during the period. Finally, Headlands Technologies LLC boosted its stake in Sanmina by 174.0% during the first quarter. Headlands Technologies LLC now owns 8,641 shares of the electronics maker’s stock worth $658,000 after acquiring an additional 5,487 shares in the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SANM shares. Wall Street Zen cut shares of Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Weiss Ratings restated a “buy (b)” rating on shares of Sanmina in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Sanmina has a consensus rating of “Buy” and a consensus price target of $120.00.

Sanmina Stock Performance

Shares of SANM opened at $151.96 on Tuesday. The firm has a market capitalization of $8.29 billion, a P/E ratio of 32.54, a PEG ratio of 1.43 and a beta of 1.17. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.21. Sanmina Corporation has a one year low of $63.67 and a one year high of $178.39. The business has a fifty day moving average of $140.23 and a 200 day moving average of $116.61.

Sanmina (NASDAQ:SANM) last announced its earnings results on Monday, November 3rd. The electronics maker reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.10. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period last year, the firm posted $1.43 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. As a group, sell-side analysts anticipate that Sanmina Corporation will post 5.15 EPS for the current year.

Sanmina Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.