Oppenheimer Asset Management Inc. Takes $7.27 Million Position in Sanmina Corporation $SANM

Oppenheimer Asset Management Inc. purchased a new stake in shares of Sanmina Corporation (NASDAQ:SANM) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 28,721 shares of the electronics maker’s stock, valued at approximately $7,269,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Sanmina during the third quarter valued at approximately $26,000. Employees Retirement System of Texas bought a new position in Sanmina during the 4th quarter valued at approximately $39,000. Northwestern Mutual Wealth Management Co. increased its position in Sanmina by 182.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock valued at $51,000 after buying an additional 219 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in Sanmina by 235.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock valued at $55,000 after buying an additional 259 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Sanmina during the fourth quarter valued at $60,000. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Price Performance

Shares of SANM opened at $210.84 on Friday. Sanmina Corporation has a twelve month low of $108.36 and a twelve month high of $288.68. The company has a market capitalization of $11.30 billion, a P/E ratio of 37.72, a price-to-earnings-growth ratio of 0.72 and a beta of 1.59. The firm has a 50 day moving average of $219.28 and a 200 day moving average of $189.91. 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 released its quarterly earnings data 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 business had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The firm’s quarterly revenue was up 69.7% on a year-over-year basis. During the same period in the prior 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, equities research analysts anticipate that Sanmina Corporation will post 10.41 earnings per share for the current fiscal year.

Insider Activity at Sanmina

In other news, CFO Jonathan P. Faust sold 10,076 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $265.80, for a total value of $2,678,200.80. Following the completion of the transaction, the chief financial officer owned 77,000 shares in the company, valued at $20,466,600. The trade was a 11.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SANM shares. JPMorgan Chase & Co. dropped their target price on Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Weiss Ratings upgraded Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 15th. Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Finally, Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.