Panagora Asset Management Inc. Has $38.33 Million Stake in Sanmina Corporation $SANM

Panagora Asset Management Inc. trimmed its stake in Sanmina Corporation (NASDAQ:SANM) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 255,420 shares of the electronics maker’s stock after selling 10,075 shares during the period. Panagora Asset Management Inc.’s holdings in Sanmina were worth $38,331,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position 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 worth $3,831,000 after purchasing an additional 25,409 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Sanmina by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker’s stock valued at $244,500,000 after acquiring an additional 58,529 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sanmina during the 3rd quarter valued at about $1,891,000. Legato Capital Management LLC acquired a new stake in shares of Sanmina during the 4th quarter valued at about $1,233,000. Finally, United Capital Management of KS Inc. boosted its position in shares of Sanmina by 912.5% during the 3rd quarter. United Capital Management of KS Inc. now owns 101,252 shares of the electronics maker’s stock valued at $11,655,000 after acquiring an additional 91,252 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sanmina news, Director David V. Hedley III sold 500 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $219.52, for a total value of $109,760.00. Following the completion of the transaction, the director directly owned 7,376 shares of the company’s stock, valued at approximately $1,619,179.52. The trade was a 6.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jure Sola sold 118,368 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $228.84, for a total transaction of $27,087,333.12. Following the completion of the transaction, the chief executive officer directly owned 1,227,573 shares of the company’s stock, valued at approximately $280,917,805.32. This represents a 8.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 156,509 shares of company stock valued at $35,699,476. Insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SANM. 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. began coverage on shares of Sanmina in a research report on Monday, March 30th. They set a “neutral” rating and a $145.00 target price on the stock. Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Finally, Susquehanna began coverage on shares of Sanmina in a research report on Wednesday, April 1st. They set a “neutral” rating and a $135.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

Sanmina Price Performance

NASDAQ:SANM opened at $259.82 on Tuesday. The firm has a market cap of $13.93 billion, a PE ratio of 54.93, a price-to-earnings-growth ratio of 0.98 and a beta of 1.54. Sanmina Corporation has a 12 month low of $86.57 and a 12 month high of $288.68. The company has a quick ratio of 1.03, a current ratio of 1.71 and a debt-to-equity ratio of 0.77. The company’s 50-day moving average price is $215.92 and its two-hundred day moving average price is $172.87.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.74. The firm 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 earnings per share. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. On average, equities analysts anticipate that Sanmina Corporation will post 9.36 EPS for the current fiscal 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.