Nicholas Investment Partners LP Buys Shares of 24,286 Sanmina Corporation $SANM

Nicholas Investment Partners LP bought a new stake in Sanmina Corporation (NASDAQ:SANM) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 24,286 shares of the electronics maker’s stock, valued at approximately $3,645,000.

A number of other institutional investors have also recently added to or reduced their stakes in SANM. Optiver Holding B.V. lifted its stake in Sanmina by 36.6% in the third quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 59 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Sanmina in the third quarter worth $26,000. Employees Retirement System of Texas acquired a new stake in shares of Sanmina in the fourth quarter worth $39,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Sanmina by 182.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock worth $51,000 after buying an additional 219 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Sanmina by 235.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock worth $55,000 after buying an additional 259 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Susquehanna started coverage on shares of Sanmina in a report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 target price on the stock. Weiss Ratings upgraded shares of Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. started coverage on shares of Sanmina in a report on Monday, March 30th. They issued a “neutral” rating and a $145.00 price target for the company. Finally, Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $150.00.

Sanmina Stock Up 3.3%

Shares of NASDAQ SANM opened at $255.20 on Friday. The firm has a market capitalization of $13.68 billion, a PE ratio of 53.95, a price-to-earnings-growth ratio of 0.98 and a beta of 1.54. The company has a current ratio of 1.71, a quick ratio of 1.03 and a debt-to-equity ratio of 0.77. Sanmina Corporation has a 1 year low of $85.66 and a 1 year high of $288.68. The firm’s 50-day moving average is $213.33 and its 200-day moving average is $172.00.

Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.74. The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.28 billion. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The company’s revenue for the quarter was up 102.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. Equities analysts expect that Sanmina Corporation will post 9.36 EPS for the current year.

Insider Buying and Selling

In other news, EVP Alan Mcwilliams Reid sold 1,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $218.17, for a total value of $218,170.00. Following the transaction, the executive vice president owned 31,481 shares of the company’s stock, valued at approximately $6,868,209.77. This trade represents a 3.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph G. Licata, Jr. sold 26,565 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $211.03, for a total transaction of $5,606,011.95. Following the completion of the sale, the director owned 27,809 shares in the company, valued at $5,868,533.27. This represents a 48.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 156,509 shares of company stock worth $35,699,476. 3.10% of the stock is currently owned by company insiders.

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.