Jefferies Financial Group Inc. Buys Shares of 13,649 Sanmina Corporation $SANM

Jefferies Financial Group Inc. purchased a new stake in shares of Sanmina Corporation (NASDAQ:SANM) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 13,649 shares of the electronics maker’s stock, valued at approximately $3,454,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SANM. BlackRock Inc. purchased a new position in Sanmina during the second quarter valued at approximately $1,390,702,000. Invesco Ltd. lifted its stake in 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 purchasing an additional 933,974 shares in the last quarter. Bank of America Corp DE bought a new position in Sanmina in the 2nd quarter valued at $189,012,000. Norges Bank purchased a new position in shares of Sanmina during the 4th quarter valued at $101,751,000. Finally, Fisher Asset Management LLC grew its position in shares of Sanmina by 289.6% during the 4th quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker’s stock valued at $97,571,000 after purchasing an additional 483,312 shares in the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Price Performance

SANM stock opened at $194.01 on Friday. The firm has a 50 day simple moving average of $209.27 and a two-hundred day simple moving average of $193.02. The stock has a market cap of $10.40 billion, a PE ratio of 34.71, a P/E/G ratio of 0.71 and a beta of 1.59. Sanmina Corporation has a one year low of $110.44 and a one year high of $288.68. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.78 and a quick ratio of 1.06.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.54. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The firm had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter last year, the company posted $1.53 EPS. The business’s quarterly 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. On average, analysts predict that Sanmina Corporation will post 10.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SANM shares. JPMorgan Chase & Co. lowered their price objective on Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Weiss Ratings lowered 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 given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $198.33.

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.