Sanmina Corporation $SANM Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its position in shares of Sanmina Corporation (NASDAQ:SANM) by 2.5% in the 3rd quarter, Holdings Channel reports. The firm owned 163,241 shares of the electronics maker’s stock after purchasing an additional 4,031 shares during the period. Rhumbline Advisers’ holdings in Sanmina were worth $18,791,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SANM. Invesco Ltd. boosted its stake in Sanmina by 42.4% during the 2nd quarter. Invesco Ltd. now owns 1,251,678 shares of the electronics maker’s stock worth $122,452,000 after purchasing an additional 372,829 shares during the last quarter. Frontier Capital Management Co. LLC lifted its stake in shares of Sanmina by 20.9% in the second quarter. Frontier Capital Management Co. LLC now owns 1,231,884 shares of the electronics maker’s stock worth $120,515,000 after buying an additional 213,025 shares in the last quarter. Global Alpha Capital Management Ltd. boosted its position in Sanmina by 6.7% during the second quarter. Global Alpha Capital Management Ltd. now owns 868,891 shares of the electronics maker’s stock worth $85,004,000 after acquiring an additional 54,200 shares during the last quarter. Allianz Asset Management GmbH grew its stake in Sanmina by 3.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 776,604 shares of the electronics maker’s stock valued at $89,395,000 after acquiring an additional 27,384 shares in the last quarter. Finally, Norges Bank purchased a new stake in Sanmina during the 2nd quarter valued at about $63,671,000. 92.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SANM has been the topic of a number of research reports. Argus raised their target price on shares of Sanmina to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. Finally, Wall Street Zen downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $160.00.

Insider Transactions at Sanmina

In other Sanmina news, EVP Alan Mcwilliams Reid sold 3,500 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $148.45, for a total transaction of $519,575.00. Following the sale, the executive vice president directly owned 33,981 shares in the company, valued at $5,044,479.45. This represents a 9.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Vishnu Venkatesh sold 692 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $149.22, for a total transaction of $103,260.24. Following the completion of the transaction, the insider directly owned 23,500 shares of the company’s stock, valued at $3,506,670. This represents a 2.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.10% of the stock is owned by corporate insiders.

Sanmina Stock Up 0.6%

NASDAQ:SANM opened at $146.70 on Wednesday. Sanmina Corporation has a 52 week low of $63.67 and a 52 week high of $185.29. The stock’s fifty day moving average is $156.78 and its two-hundred day moving average is $141.12. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 35.01, a price-to-earnings-growth ratio of 0.66 and a beta of 1.04. The company has a quick ratio of 1.04, a current ratio of 1.70 and a debt-to-equity ratio of 0.75.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, January 26th. The electronics maker reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.23. Sanmina had a return on equity of 13.06% and a net margin of 2.47%.The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the business earned $1.16 EPS. The company’s quarterly revenue was up 59.0% compared to the same quarter last year. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. Research analysts anticipate that Sanmina Corporation will post 5.15 EPS for the current year.

Sanmina Company 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.