The Manufacturers Life Insurance Company Purchases Shares of 36,500 Sanmina Corporation $SANM

The Manufacturers Life Insurance Company purchased a new stake in Sanmina Corporation (NASDAQ:SANM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,500 shares of the electronics maker’s stock, valued at approximately $9,237,000.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Sanmina during the 2nd quarter worth approximately $1,390,702,000. Invesco Ltd. grew its holdings in Sanmina by 22.0% during the 4th quarter. Invesco Ltd. now owns 2,667,240 shares of the electronics maker’s stock valued at $400,273,000 after buying an additional 481,588 shares during the last quarter. Geode Capital Management LLC increased its position in 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 in the last quarter. Bank of America Corp DE increased its position in 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. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Sanmina by 57.5% in 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 acquiring an additional 278,465 shares during the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Stock Performance

Sanmina stock opened at $194.01 on Friday. The company has a market cap of $10.40 billion, a price-to-earnings ratio of 34.71, a price-to-earnings-growth ratio of 0.68 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 company has a debt-to-equity ratio of 0.71, a current ratio of 1.78 and a quick ratio of 1.06. The stock’s 50-day moving average is $209.27 and its 200-day moving average is $193.02.

Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.54. The business had revenue of $3.46 billion during 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 company’s revenue for the quarter was up 69.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. Equities analysts anticipate that Sanmina Corporation will post 10.41 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Weiss Ratings cut Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 18th. JPMorgan Chase & Co. cut their target price on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. Finally, Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One investment 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’s stock. According to 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.