Ellsworth Advisors LLC Invests $5.61 Million in Sanmina Corporation $SANM

Ellsworth Advisors LLC bought a new position in shares of Sanmina Corporation (NASDAQ:SANM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 37,371 shares of the electronics maker’s stock, valued at approximately $5,608,000. Ellsworth Advisors LLC owned 0.07% of Sanmina as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Sanmina by 1.0% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 15,031 shares of the electronics maker’s stock worth $2,256,000 after buying an additional 146 shares during the period. BTC Capital Management Inc. acquired a new position in shares of Sanmina in the fourth quarter worth about $434,000. Allspring Global Investments Holdings LLC increased its position in shares of Sanmina by 44.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 539,644 shares of the electronics maker’s stock worth $85,960,000 after acquiring an additional 165,805 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Sanmina in the 4th quarter valued at approximately $76,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Sanmina in the 4th quarter valued at approximately $247,000. 92.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SANM has been the topic of several recent analyst reports. Zacks Research downgraded shares of Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday. Susquehanna assumed coverage on Sanmina in a research report on Wednesday. They issued a “neutral” rating and a $135.00 target price for the company. JPMorgan Chase & Co. assumed coverage on Sanmina in a report on Monday. They set a “neutral” rating and a $145.00 price target on the stock. Finally, Argus increased their price objective on Sanmina to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $150.00.

Sanmina Stock Performance

Shares of SANM opened at $130.18 on Thursday. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 31.07, a price-to-earnings-growth ratio of 0.59 and a beta of 1.05. The company’s fifty day moving average is $142.24 and its 200-day moving average is $144.91. 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 Corporation has a 12 month low of $63.67 and a 12 month high of $185.29.

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

Insider Buying and Selling

In related news, Director David V. Hedley III sold 1,024 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $162.31, for a total value of $166,205.44. Following the completion of the transaction, the director directly owned 6,340 shares in the company, valued at approximately $1,029,045.40. This represents a 13.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jonathan P. Faust sold 10,075 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $159.30, for a total transaction of $1,604,947.50. Following the completion of the transaction, the chief financial officer owned 87,076 shares of the company’s stock, valued at approximately $13,871,206.80. This represents a 10.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 14,599 shares of company stock valued at $2,290,728. 3.10% of the stock is owned by company insiders.

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.