Kennedy Capital Management LLC Purchases Shares of 79,626 Sanmina Corporation $SANM

Kennedy Capital Management LLC acquired a new stake in shares of Sanmina Corporation (NASDAQ:SANM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 79,626 shares of the electronics maker’s stock, valued at approximately $7,790,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. TD Waterhouse Canada Inc. boosted its holdings in Sanmina by 27.2% in the second quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock valued at $39,000 after acquiring an additional 85 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Sanmina by 1.5% in the 2nd quarter. Bank of Montreal Can now owns 8,814 shares of the electronics maker’s stock worth $862,000 after purchasing an additional 128 shares during the period. Moloney Securities Asset Management LLC lifted its stake in shares of Sanmina by 3.9% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 3,668 shares of the electronics maker’s stock valued at $359,000 after purchasing an additional 138 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Sanmina by 1.8% during the 1st quarter. Hsbc Holdings PLC now owns 8,659 shares of the electronics maker’s stock worth $659,000 after purchasing an additional 152 shares during the period. Finally, SummerHaven Investment Management LLC increased its position in Sanmina by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 11,898 shares of the electronics maker’s stock worth $1,164,000 after purchasing an additional 189 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Stock Up 2.1%

Shares of NASDAQ:SANM opened at $160.76 on Friday. The company has a market capitalization of $8.77 billion, a price-to-earnings ratio of 36.04, a price-to-earnings-growth ratio of 0.76 and a beta of 1.03. The company has a 50 day moving average of $142.80 and a two-hundred day moving average of $117.68. Sanmina Corporation has a 52-week low of $63.67 and a 52-week high of $178.39. The company has a quick ratio of 1.02, a current ratio of 1.72 and a debt-to-equity ratio of 0.11.

Sanmina (NASDAQ:SANM) last announced its earnings results on Monday, November 3rd. The electronics maker reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.10. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.05 billion. Sanmina had a net margin of 3.03% and a return on equity of 11.59%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 earnings per share. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. As a group, analysts forecast that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wall Street Zen cut shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Sanmina in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Sanmina currently has a consensus rating of “Buy” and an average target price of $120.00.

Sanmina Company Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.