Keebeck Wealth Management Acquires New Holdings in Sanmina Corporation $SANM

Keebeck Wealth Management bought a new stake in shares of Sanmina Corporation (NASDAQ:SANM) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 2,944 shares of the electronics maker’s stock, valued at approximately $745,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SANM. ANB Bank lifted its holdings in shares of Sanmina by 3.2% in the first quarter. ANB Bank now owns 1,645 shares of the electronics maker’s stock valued at $213,000 after purchasing an additional 51 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Sanmina by 5.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,048 shares of the electronics maker’s stock worth $136,000 after purchasing an additional 54 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Sanmina by 1.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker’s stock worth $562,000 after purchasing an additional 69 shares in the last quarter. Vise Technologies Inc. raised its position in shares of Sanmina by 2.0% during the 3rd quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker’s stock worth $417,000 after purchasing an additional 71 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of Sanmina by 3.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,274 shares of the electronics maker’s stock worth $295,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. cut their price target on Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Finally, Weiss Ratings downgraded Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Sanmina has a consensus rating of “Moderate Buy” and a consensus price target of $198.33.

Insiders Place Their Bets

In other Sanmina news, CFO Jonathan P. Faust sold 10,076 shares of the stock in a transaction on 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 transaction, the chief financial officer owned 77,000 shares of the company’s stock, valued at $20,466,600. This represents a 11.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 Performance

Shares of NASDAQ SANM opened at $188.89 on Friday. The company has a 50-day simple moving average of $214.52 and a 200-day simple moving average of $191.41. 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 company has a market cap of $10.12 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 0.67 and a beta of 1.59. Sanmina Corporation has a 12 month low of $110.44 and a 12 month high of $288.68.

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, 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 business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the prior year, the firm posted $1.53 earnings per share. The company’s quarterly revenue was up 69.7% compared to the same quarter last year. 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, equities analysts anticipate that Sanmina Corporation will post 10.41 earnings per share for the current year.

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.