Lone Peak Global Investors LLC Raises Position in Sanmina Corporation $SANM

Lone Peak Global Investors LLC increased its position in Sanmina Corporation (NASDAQ:SANM) by 6.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 104,055 shares of the electronics maker’s stock after purchasing an additional 5,948 shares during the period. Sanmina accounts for about 3.6% of Lone Peak Global Investors LLC’s investment portfolio, making the stock its 9th biggest holding. Lone Peak Global Investors LLC’s holdings in Sanmina were worth $26,334,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Sanmina during the second quarter valued at approximately $1,390,702,000. Invesco Ltd. grew its position in shares of Sanmina by 74.6% in the 3rd quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker’s stock worth $251,590,000 after acquiring an additional 933,974 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Sanmina in the 2nd quarter worth approximately $189,012,000. Norges Bank acquired a new position in shares of Sanmina in the 4th quarter worth approximately $101,751,000. Finally, Fisher Asset Management LLC increased its holdings in shares of Sanmina by 289.6% in the 4th quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker’s stock valued at $97,571,000 after acquiring an additional 483,312 shares during the last quarter. 92.71% of the stock is owned by institutional investors.

Sanmina Stock Performance

Shares of SANM stock opened at $187.30 on Wednesday. The company has a market cap of $10.04 billion, a P/E ratio of 33.51, a PEG ratio of 0.69 and a beta of 1.60. The business has a 50 day moving average of $206.94 and a two-hundred day moving average of $193.92. Sanmina Corporation has a 52 week low of $110.44 and a 52 week high of $288.68. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.54. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter last year, the business posted $1.53 EPS. The business’s revenue was up 69.7% on a year-over-year basis. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. As a group, analysts anticipate that Sanmina Corporation will post 10.41 EPS for the current year.

Analyst Ratings Changes

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