Keebeck Wealth Management Purchases Shares of 2,944 Sanmina Corporation $SANM

Keebeck Wealth Management acquired a new stake in shares of Sanmina Corporation (NASDAQ:SANM) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 2,944 shares of the electronics maker’s stock, valued at approximately $745,000.

Several other large investors have also modified their holdings of SANM. Danske Bank A S acquired a new stake in shares of Sanmina in the second quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new position in Sanmina during the third quarter worth approximately $26,000. Keating Financial Advisory Services Inc. acquired a new position in Sanmina during the second quarter worth approximately $31,000. N.E.W. Advisory Services LLC purchased a new position in Sanmina during the second quarter worth approximately $36,000. Finally, Employees Retirement System of Texas purchased a new position in Sanmina during the fourth quarter worth approximately $39,000. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Sanmina Stock Down 1.0%

SANM opened at $188.89 on Friday. The firm has a 50 day moving average price of $214.52 and a 200 day moving average price of $191.41. The company has a market cap of $10.12 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 0.67 and a beta of 1.59. Sanmina Corporation has a 1 year low of $110.44 and a 1 year high of $288.68. 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 (NASDAQ:SANM) last posted its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, beating the consensus estimate of $2.77 by $0.54. The firm 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%. Sanmina’s revenue for the quarter was up 69.7% compared to the same quarter last year. During the same quarter 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. Sell-side analysts expect that Sanmina Corporation will post 10.41 earnings per share for the current year.

Insider Activity

In other news, CFO Jonathan P. Faust sold 10,076 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $265.80, for a total value of $2,678,200.80. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.