Allspring Global Investments Holdings LLC Buys 168,376 Shares of Sanmina Corporation $SANM

Allspring Global Investments Holdings LLC increased its stake in Sanmina Corporation (NASDAQ:SANM) by 81.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 373,839 shares of the electronics maker’s stock after acquiring an additional 168,376 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Sanmina were worth $43,560,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SANM. Northwestern Mutual Wealth Management Co. increased its stake in Sanmina by 265.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 265 shares during the period. TD Waterhouse Canada Inc. grew its holdings in shares of Sanmina by 27.2% in the second quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock worth $39,000 after purchasing an additional 85 shares during the last quarter. Banque Transatlantique SA bought a new position in shares of Sanmina in the first quarter worth approximately $29,000. MAI Capital Management purchased a new position in shares of Sanmina in the second quarter worth $41,000. Finally, Harbour Investments Inc. raised its holdings in Sanmina by 1,612.9% during the 2nd quarter. Harbour Investments Inc. now owns 531 shares of the electronics maker’s stock valued at $52,000 after buying an additional 500 shares during the last quarter. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Sanmina in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Finally, Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sanmina has a consensus rating of “Buy” and an average target price of $120.00.

Sanmina Stock Down 1.3%

Shares of Sanmina stock opened at $150.07 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11. Sanmina Corporation has a 12-month low of $63.67 and a 12-month high of $178.39. The company has a market cap of $8.19 billion, a P/E ratio of 33.65, a PEG ratio of 0.73 and a beta of 1.05. The company’s fifty day simple moving average is $154.86 and its two-hundred day simple moving average is $127.42.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, November 3rd. The electronics maker reported $1.67 EPS for the quarter, topping the consensus estimate of $1.57 by $0.10. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Sanmina had a net margin of 3.03% and a return on equity of 11.59%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $1.43 EPS. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. Research analysts anticipate that Sanmina Corporation will post 5.15 EPS for the current year.

Insider Buying and Selling

In other Sanmina news, insider Vishnu Venkatesh sold 692 shares of Sanmina stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $149.22, for a total transaction of $103,260.24. Following the sale, the insider directly owned 23,500 shares of the company’s stock, valued at approximately $3,506,670. The trade was a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.22% of the stock is 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.