Towle & Co. Makes New $7.22 Million Investment in Sanmina Corporation $SANM

Towle & Co. acquired a new stake in Sanmina Corporation (NASDAQ:SANM) in the third quarter, Holdings Channel reports. The fund acquired 62,723 shares of the electronics maker’s stock, valued at approximately $7,220,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Root Financial Partners LLC acquired a new position in shares of Sanmina during the third quarter worth approximately $34,000. TD Waterhouse Canada Inc. increased its stake in Sanmina by 27.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock valued at $39,000 after purchasing an additional 85 shares in the last quarter. MAI Capital Management acquired a new position in Sanmina during the second quarter worth $41,000. Salomon & Ludwin LLC acquired a new position in Sanmina during the third quarter worth $41,000. Finally, Harbour Investments Inc. lifted its stake in shares of Sanmina by 1,612.9% in the second quarter. Harbour Investments Inc. now owns 531 shares of the electronics maker’s stock valued at $52,000 after buying an additional 500 shares in the last quarter. Institutional investors own 92.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SANM shares. Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. Wall Street Zen cut shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. Finally, Argus boosted their price objective on Sanmina to $200.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $160.00.

Insider Buying and Selling

In other news, EVP Alan Mcwilliams Reid sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $148.45, for a total value of $519,575.00. Following the completion of the transaction, the executive vice president directly owned 33,981 shares of the company’s stock, valued at $5,044,479.45. This represents a 9.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Vishnu Venkatesh sold 692 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $149.22, for a total value of $103,260.24. Following the sale, the insider directly owned 23,500 shares of the company’s stock, valued at $3,506,670. The trade was a 2.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.10% of the stock is owned by insiders.

Sanmina Stock Performance

NASDAQ SANM opened at $149.37 on Friday. The company has a fifty day moving average price of $155.55 and a 200-day moving average price of $141.45. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 0.67 and a beta of 1.04. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.70 and a quick ratio of 1.04. Sanmina Corporation has a 1 year low of $63.67 and a 1 year high of $185.29.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, January 26th. The electronics maker reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.23. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the previous year, the company earned $1.16 earnings per share. The firm’s revenue for the quarter was up 59.0% compared to the same quarter last year. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. As a group, equities research analysts predict that Sanmina Corporation will post 5.15 EPS 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.