Freestone Grove Partners LP Takes Position in Sanmina Corporation $SANM

Freestone Grove Partners LP purchased a new stake in Sanmina Corporation (NASDAQ:SANM) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 80,274 shares of the electronics maker’s stock, valued at approximately $20,316,000.

A number of other hedge funds have also recently added to or reduced their stakes in SANM. Danske Bank A S acquired a new stake in shares of Sanmina during the 2nd quarter worth $25,000. Caitong International Asset Management Co. Ltd acquired a new position in Sanmina in the third quarter valued at about $26,000. Keating Financial Advisory Services Inc. bought a new stake in Sanmina during the second quarter worth about $31,000. N.E.W. Advisory Services LLC bought a new stake in Sanmina during the second quarter worth about $36,000. Finally, Employees Retirement System of Texas acquired a new stake in Sanmina during the fourth quarter worth about $39,000. Institutional investors own 92.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on SANM shares. Weiss Ratings lowered shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 18th. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. One research 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $198.33.

Sanmina Stock Performance

Sanmina stock opened at $203.35 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71. The stock has a market cap of $10.90 billion, a PE ratio of 36.38, a P/E/G ratio of 0.70 and a beta of 1.59. Sanmina Corporation has a 12-month low of $110.44 and a 12-month high of $288.68. The business’s 50-day moving average price is $210.22 and its two-hundred day moving average price is $193.01.

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, beating the consensus estimate of $2.77 by $0.54. The company 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 firm’s revenue was up 69.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.53 EPS. 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 expect that Sanmina Corporation will post 10.41 earnings per share for the current fiscal year.

Sanmina 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.