Empowered Funds LLC Purchases Shares of 50,238 Sanmina Corporation $SANM

Empowered Funds LLC acquired a new position in shares of Sanmina Corporation (NASDAQ:SANM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 50,238 shares of the electronics maker’s stock, valued at approximately $12,714,000. Empowered Funds LLC owned 0.09% of Sanmina at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Amundi bought a new stake in shares of Sanmina during the 1st quarter worth about $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Sanmina by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,968 shares of the electronics maker’s stock valued at $2,435,000 after acquiring an additional 1,387 shares during the period. United Services Automobile Association bought a new position in Sanmina in the 1st quarter valued at about $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Sanmina by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,287 shares of the electronics maker’s stock worth $9,621,000 after acquiring an additional 12,061 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in Sanmina by 572.5% during the first quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker’s stock worth $6,083,000 after acquiring an additional 67,973 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Stock Down 4.6%

SANM stock opened at $194.01 on Friday. The company has a market cap of $10.40 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 0.71 and a beta of 1.59. The business has a 50-day simple moving average of $209.27 and a 200 day simple moving average of $193.02. Sanmina Corporation has a 52 week low of $110.44 and a 52 week high of $288.68. 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 announced its quarterly earnings data 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. 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 the consensus estimate of $3.40 billion. During the same period in the prior year, the company posted $1.53 earnings per share. The business’s revenue for the quarter 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. Sell-side analysts anticipate that Sanmina Corporation will post 10.41 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on SANM. Weiss Ratings downgraded Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 18th. Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, JPMorgan Chase & Co. decreased their price objective on Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.