Allspring Global Investments Holdings LLC Trims Stock Position in Sanmina Corporation $SANM

Allspring Global Investments Holdings LLC lessened its position in shares of Sanmina Corporation (NASDAQ:SANM) by 16.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 449,198 shares of the electronics maker’s stock after selling 90,446 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Sanmina were worth $58,477,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Park Avenue Securities LLC boosted its holdings in Sanmina by 2.1% in the 4th quarter. Park Avenue Securities LLC now owns 3,248 shares of the electronics maker’s stock valued at $487,000 after purchasing an additional 68 shares during the period. Vise Technologies Inc. grew its position in shares of Sanmina by 2.0% during the 3rd quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker’s stock valued at $417,000 after purchasing an additional 71 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Sanmina by 3.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,274 shares of the electronics maker’s stock worth $295,000 after purchasing an additional 75 shares during the period. Allworth Financial LP increased its holdings in shares of Sanmina by 1.4% in the third quarter. Allworth Financial LP now owns 5,795 shares of the electronics maker’s stock worth $667,000 after purchasing an additional 81 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Sanmina by 7.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,751 shares of the electronics maker’s stock worth $266,000 after buying an additional 114 shares in the last quarter. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SANM has been the subject of several research analyst reports. JPMorgan Chase & Co. started coverage on Sanmina in a research note on Monday, March 30th. They set a “neutral” rating and a $145.00 price objective for the company. Susquehanna initiated coverage on Sanmina in a report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price target on the stock. Wall Street Zen downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings upgraded Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. Finally, Zacks Research lowered Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $160.00.

Insiders Place Their Bets

In other Sanmina news, Director David V. Hedley III sold 500 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $219.52, for a total transaction of $109,760.00. Following the transaction, the director directly owned 7,376 shares in the company, valued at $1,619,179.52. This trade represents a 6.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph G. Licata, Jr. sold 26,565 shares of Sanmina stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $211.03, for a total transaction of $5,606,011.95. Following the transaction, the director directly owned 27,809 shares in the company, valued at $5,868,533.27. This trade represents a 48.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 156,509 shares of company stock valued at $35,699,476 over the last 90 days. Company insiders own 3.10% of the company’s stock.

Sanmina Trading Down 0.4%

Shares of SANM stock opened at $197.24 on Friday. The business has a 50-day moving average price of $239.12 and a two-hundred day moving average price of $184.67. Sanmina Corporation has a 12-month low of $95.49 and a 12-month high of $288.68. The company has a quick ratio of 1.03, a current ratio of 1.71 and a debt-to-equity ratio of 0.77. The firm has a market cap of $10.57 billion, a P/E ratio of 41.70, a price-to-earnings-growth ratio of 0.76 and a beta of 1.56.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, April 27th. The electronics maker reported $3.16 EPS for the quarter, beating the consensus estimate of $2.42 by $0.74. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.28 billion. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The company’s revenue was up 102.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 EPS. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. Equities analysts anticipate that Sanmina Corporation will post 9.36 EPS for the current fiscal 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.