Sterling Capital Management LLC Sells 2,312 Shares of Sanmina Corporation $SANM

Sterling Capital Management LLC lessened its stake in Sanmina Corporation (NASDAQ:SANM) by 36.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,960 shares of the electronics maker’s stock after selling 2,312 shares during the quarter. Sterling Capital Management LLC’s holdings in Sanmina were worth $513,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Amundi bought a new position in Sanmina in the 1st quarter valued at about $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Sanmina by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,968 shares of the electronics maker’s stock worth $2,435,000 after acquiring an additional 1,387 shares during the period. United Services Automobile Association bought a new stake in shares of Sanmina during the 1st quarter worth approximately $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Sanmina by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,287 shares of the electronics maker’s stock worth $9,621,000 after acquiring an additional 12,061 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Sanmina by 572.5% during the 1st quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker’s stock worth $6,083,000 after acquiring an additional 67,973 shares in the last quarter. Institutional investors own 92.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on SANM shares. JPMorgan Chase & Co. started coverage on shares of Sanmina in a research report on Monday, March 30th. They set a “neutral” rating and a $145.00 price objective for the company. Weiss Ratings raised Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Susquehanna started coverage on Sanmina in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price target on the stock. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Finally, Zacks Research downgraded Sanmina from a “strong-buy” rating to a “hold” rating in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $150.00.

Insider Activity at Sanmina

In other Sanmina news, Director David V. Hedley III sold 500 shares of the stock in a transaction dated Friday, May 1st. The stock was 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 in the company, valued at approximately $1,619,179.52. This trade represents a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jure Sola sold 118,368 shares of Sanmina stock in a transaction dated 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 sale, the chief executive officer directly owned 1,227,573 shares in the company, valued at $280,917,805.32. The trade was a 8.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 156,509 shares of company stock worth $35,699,476 over the last 90 days. 3.10% of the stock is currently owned by company insiders.

Sanmina Price Performance

Shares of NASDAQ:SANM opened at $219.77 on Friday. Sanmina Corporation has a one year low of $95.49 and a one year high of $288.68. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.71 and a quick ratio of 1.03. The company has a market cap of $11.78 billion, a price-to-earnings ratio of 46.46, a PEG ratio of 0.95 and a beta of 1.56. The firm has a 50 day simple moving average of $239.88 and a 200 day simple moving average of $180.56.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.74. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The company’s revenue was up 102.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. Research analysts predict that Sanmina Corporation will post 9.36 earnings per share for the current fiscal 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.