Castleark Management LLC Has $10.87 Million Position in Sanmina Corporation $SANM

Castleark Management LLC increased its stake in Sanmina Corporation (NASDAQ:SANM) by 29.2% in the 4th quarter, Holdings Channel reports. The firm owned 72,459 shares of the electronics maker’s stock after purchasing an additional 16,385 shares during the period. Castleark Management LLC’s holdings in Sanmina were worth $10,874,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in Sanmina by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker’s stock worth $244,500,000 after purchasing an additional 58,529 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings 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. Dynamic Technology Lab Private Ltd acquired a new position in shares of Sanmina during the 3rd quarter worth about $1,891,000. Legato Capital Management LLC acquired a new position in shares of Sanmina during the 4th quarter worth about $1,233,000. Finally, Principal Financial Group Inc. lifted its position in shares of Sanmina by 7.0% during the 4th quarter. Principal Financial Group Inc. now owns 311,919 shares of the electronics maker’s stock worth $46,810,000 after purchasing an additional 20,462 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Stock Up 3.3%

Shares of SANM opened at $255.20 on Friday. The company has a 50-day simple moving average of $213.33 and a 200-day simple moving average of $172.00. The firm has a market capitalization of $13.68 billion, a P/E ratio of 53.95, a P/E/G ratio of 0.95 and a beta of 1.54. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.03 and a current ratio of 1.71. Sanmina Corporation has a 52 week low of $85.66 and a 52 week high of $288.68.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings data 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 business had revenue of $4.01 billion during 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 firm’s revenue for the quarter was up 102.3% on a year-over-year basis. During the same quarter in the prior 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 research analysts expect that Sanmina Corporation will post 9.36 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Jure Sola sold 118,368 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $228.84, for a total value of $27,087,333.12. Following the completion of the transaction, the chief executive officer owned 1,227,573 shares in the company, valued at approximately $280,917,805.32. This represents a 8.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Alan Mcwilliams Reid sold 1,000 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $218.17, for a total transaction of $218,170.00. Following the completion of the transaction, the executive vice president owned 31,481 shares of the company’s stock, valued at approximately $6,868,209.77. This represents a 3.08% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 156,509 shares of company stock worth $35,699,476. Insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

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

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.