Freestone Grove Partners LP Invests $20.32 Million in Sanmina Corporation $SANM

Freestone Grove Partners LP acquired a new stake in Sanmina Corporation (NASDAQ:SANM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 80,274 shares of the electronics maker’s stock, valued at approximately $20,316,000. Freestone Grove Partners LP owned about 0.15% of Sanmina at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in Sanmina by 21,174.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,529 shares of the electronics maker’s stock valued at $3,831,000 after purchasing an additional 25,409 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 during the last quarter. Legato Capital Management LLC acquired a new position in Sanmina during the fourth quarter worth approximately $1,233,000. Fisher Asset Management LLC raised its stake in Sanmina by 289.6% in the fourth quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker’s stock valued at $97,571,000 after buying an additional 483,312 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its position 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 valued at $98,833,000 after buying an additional 278,465 shares during the last quarter. 92.71% of the stock is owned by institutional investors.

Sanmina Stock Performance

NASDAQ:SANM opened at $203.35 on Friday. The stock has a market cap of $10.90 billion, a P/E ratio of 36.38, a PEG ratio of 0.70 and a beta of 1.59. The stock has a 50 day simple moving average of $210.22 and a 200 day simple moving average of $193.01. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.71. Sanmina Corporation has a 1-year low of $110.44 and a 1-year high of $288.68.

Sanmina (NASDAQ:SANM) last issued 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. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $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. Research analysts anticipate that Sanmina Corporation will post 10.41 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wall Street Zen raised 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 report on Thursday, July 30th. Weiss Ratings cut shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 18th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. 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 MarketBeat.com, the company 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.