Sanmina Corporation $SANM Shares Acquired by Navellier & Associates Inc.

Navellier & Associates Inc. increased its holdings in shares of Sanmina Corporation (NASDAQ:SANM) by 498.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 20,939 shares of the electronics maker’s stock after acquiring an additional 17,441 shares during the quarter. Navellier & Associates Inc.’s holdings in Sanmina were worth $5,299,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Danske Bank A S purchased a new position in Sanmina in the second quarter valued at approximately $25,000. Keating Financial Advisory Services Inc. acquired a new stake in Sanmina during the second quarter worth approximately $31,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Sanmina during the 2nd quarter worth approximately $36,000. Fiduciary Financial Advisors purchased a new stake in shares of Sanmina during the 2nd quarter worth approximately $39,000. Finally, Global Retirement Partners LLC acquired a new position in shares of Sanmina in the 2nd quarter valued at $50,000. 92.71% of the stock is owned by institutional investors and hedge funds.

Sanmina Price Performance

Shares of NASDAQ SANM opened at $194.01 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. Sanmina Corporation has a twelve month low of $110.44 and a twelve month high of $288.68. The stock has a 50 day moving average of $209.27 and a two-hundred day moving average of $193.02. The stock has a market cap of $10.40 billion, a P/E ratio of 34.71, a P/E/G ratio of 0.71 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. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The company’s revenue for the quarter was up 69.7% compared to the same quarter last year. During the same period last year, the firm posted $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, research analysts forecast that Sanmina Corporation will post 10.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. reduced their price target on shares of 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 downgraded shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 18th. Finally, Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. One 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $198.33.

About Sanmina

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.