Pacifica Partners Inc. Has $1.73 Million Stock Holdings in Sanmina Corporation $SANM

Pacifica Partners Inc. lowered its stake in Sanmina Corporation (NASDAQ:SANM) by 50.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,833 shares of the electronics maker’s stock after selling 7,053 shares during the quarter. Pacifica Partners Inc.’s holdings in Sanmina were worth $1,729,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. bought a new stake in Sanmina in the second quarter valued at about $1,390,702,000. Invesco Ltd. lifted its stake in Sanmina by 74.6% in the third quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker’s stock valued at $251,590,000 after buying an additional 933,974 shares during the period. Bank of America Corp DE bought a new position in Sanmina during the second quarter worth about $189,012,000. Norges Bank bought a new position in Sanmina during the fourth quarter worth about $101,751,000. Finally, Fisher Asset Management LLC grew its position in shares of Sanmina by 289.6% during the 4th quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker’s stock worth $97,571,000 after buying an additional 483,312 shares during the period. 92.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. decreased their price objective on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Weiss Ratings downgraded shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 18th. 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 research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $198.33.

Sanmina Stock Down 4.8%

Shares of Sanmina stock opened at $187.30 on Wednesday. Sanmina Corporation has a 1 year low of $110.44 and a 1 year high of $288.68. The business has a 50-day moving average of $206.94 and a two-hundred day moving average of $193.92. The company has a market capitalization of $10.04 billion, a P/E ratio of 33.51, a price-to-earnings-growth ratio of 0.69 and a beta of 1.60. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.78 and a quick ratio of 1.06.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.54. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The business had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the previous year, the business posted $1.53 EPS. Sanmina’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. As a group, equities analysts predict that Sanmina Corporation will post 10.41 EPS for the current year.

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.