Evolve Private Wealth LLC Purchases Shares of 3,925 Sanmina Corporation $SANM

Evolve Private Wealth LLC acquired a new position in shares of Sanmina Corporation (NASDAQ:SANM) during the 2nd quarter, Holdings Channel reports. The fund acquired 3,925 shares of the electronics maker’s stock, valued at approximately $993,000.

Other hedge funds also recently bought and sold shares of the company. Danske Bank A S bought a new position in Sanmina in the 2nd quarter worth about $25,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Sanmina in the 2nd quarter valued at about $31,000. N.E.W. Advisory Services LLC purchased a new position in Sanmina in the second quarter worth $36,000. Global Retirement Partners LLC purchased a new position in Sanmina during the 2nd quarter worth $50,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Sanmina during the 2nd quarter worth approximately $50,000. Institutional investors own 92.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on SANM shares. Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. lowered their price objective on Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. Weiss Ratings cut Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 18th. Finally, Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $198.33.

Insider Activity

In other news, CFO Jonathan P. Faust sold 10,076 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer owned 77,000 shares in the company, valued at $20,466,600. This represents a 11.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.10% of the company’s stock.

Sanmina Price Performance

Sanmina stock opened at $188.89 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.06 and a current ratio of 1.78. Sanmina Corporation has a fifty-two week low of $110.44 and a fifty-two week high of $288.68. The stock has a 50-day simple moving average of $214.52 and a 200-day simple moving average of $191.70. The company has a market capitalization of $10.12 billion, a P/E ratio of 33.79, a PEG ratio of 0.66 and a beta of 1.59.

Sanmina (NASDAQ:SANM) last announced its earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.54. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same period last year, the firm posted $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. Equities research analysts expect that Sanmina Corporation will post 10.41 earnings per share for the current 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.