Phocas Financial Corp. Cuts Position in Sanmina Corporation $SANM

Phocas Financial Corp. decreased its position in Sanmina Corporation (NASDAQ:SANM) by 30.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,346 shares of the electronics maker’s stock after selling 32,208 shares during the quarter. Sanmina accounts for 1.5% of Phocas Financial Corp.’s portfolio, making the stock its 15th biggest holding. Phocas Financial Corp.’s holdings in Sanmina were worth $11,157,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SANM. Amundi purchased a new position in shares of Sanmina in the first quarter valued at $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Sanmina by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,968 shares of the electronics maker’s stock valued at $2,435,000 after purchasing an additional 1,387 shares in the last quarter. United Services Automobile Association bought a new position in Sanmina during the first quarter valued at $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Sanmina by 10.6% in 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 buying an additional 12,061 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Sanmina by 572.5% in the 1st quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker’s stock worth $6,083,000 after buying an additional 67,973 shares in the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Stock Performance

Shares of SANM opened at $130.21 on Monday. Sanmina Corporation has a twelve month low of $63.67 and a twelve month high of $185.29. The company has a market cap of $7.11 billion, a P/E ratio of 31.08, a P/E/G ratio of 0.58 and a beta of 1.05. The company has a current ratio of 1.70, a quick ratio of 1.04 and a debt-to-equity ratio of 0.75. The company’s fifty day simple moving average is $140.30 and its 200-day simple moving average is $145.28.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, January 26th. The electronics maker reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.23. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The firm’s revenue for the quarter was up 59.0% compared to the same quarter last year. 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. As a group, analysts expect that Sanmina Corporation will post 5.15 EPS for the current year.

Insiders Place Their Bets

In other Sanmina news, CFO Jonathan P. Faust sold 10,075 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was 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 in the company, valued at $13,871,206.80. The trade was a 10.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David V. Hedley III sold 1,024 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $162.31, for a total value of $166,205.44. Following 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 position. The SEC filing for this sale provides additional information. Insiders sold a total of 14,599 shares of company stock valued at $2,290,728 over the last 90 days. Insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

SANM has been the topic of several recent research reports. Susquehanna initiated coverage on shares of Sanmina in a research report on Wednesday, April 1st. They set a “neutral” rating and a $135.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Sanmina in a research report on Monday, March 30th. They issued a “neutral” rating and a $145.00 price target for the company. Weiss Ratings cut Sanmina from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Zacks Research downgraded Sanmina from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Finally, Argus raised their price objective on Sanmina to $200.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $150.00.

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.