GSA Capital Partners LLP Buys Shares of 4,491 Sanmina Corporation $SANM

GSA Capital Partners LLP bought a new position in Sanmina Corporation (NASDAQ:SANM) in the second quarter, Holdings Channel.com reports. The firm bought 4,491 shares of the electronics maker’s stock, valued at approximately $1,137,000.

Other hedge funds also recently made changes to their positions in the company. Invesco Ltd. lifted its stake in Sanmina by 22.0% in the 4th quarter. Invesco Ltd. now owns 2,667,240 shares of the electronics maker’s stock valued at $400,273,000 after purchasing an additional 481,588 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Sanmina by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker’s stock worth $244,500,000 after buying an additional 58,529 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Sanmina by 14.6% during the first quarter. Bank of America Corp DE now owns 945,382 shares of the electronics maker’s stock worth $122,559,000 after buying an additional 120,164 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Sanmina by 57.5% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 762,365 shares of the electronics maker’s stock worth $98,833,000 after buying an additional 278,465 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in shares of Sanmina by 17.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 732,369 shares of the electronics maker’s stock valued at $109,907,000 after acquiring an additional 108,202 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sanmina news, CFO Jonathan P. Faust sold 10,076 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the completion of the sale, the chief financial officer directly owned 77,000 shares in the company, valued at approximately $20,466,600. This trade represents a 11.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.10% of the company’s stock.

Sanmina Stock Up 2.9%

Shares of NASDAQ SANM opened at $217.03 on Tuesday. The company has a market capitalization of $11.63 billion, a P/E ratio of 38.82, a price-to-earnings-growth ratio of 0.74 and a beta of 1.59. Sanmina Corporation has a 52-week low of $108.36 and a 52-week high of $288.68. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.06 and a current ratio of 1.78. The company’s 50 day moving average price is $218.58 and its 200-day moving average price is $190.48.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Weiss Ratings raised Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 15th. Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. lowered their target price on Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. One equities 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $198.33.

About Sanmina

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.