Assetmark Inc. Boosts Holdings in Sanmina Corporation $SANM

Assetmark Inc. lifted its stake in Sanmina Corporation (NASDAQ:SANM) by 8.8% during the first quarter, Holdings Channel reports. The institutional investor owned 79,072 shares of the electronics maker’s stock after acquiring an additional 6,404 shares during the quarter. Assetmark Inc.’s holdings in Sanmina were worth $10,251,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity

In related news, Director Joseph G. Licata, Jr. sold 26,565 shares of the business’s stock in a transaction 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 completion of the transaction, the director directly owned 27,809 shares of the company’s stock, valued at $5,868,533.27. The trade was a 48.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jonathan P. Faust sold 10,076 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $265.80, for a total value of $2,678,200.80. Following the completion of the sale, the chief financial officer directly owned 77,000 shares in the company, valued at $20,466,600. This represents a 11.57% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 156,509 shares of company stock worth $35,699,476 over the last 90 days. Company insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SANM has been the subject of several recent analyst reports. Susquehanna assumed coverage on Sanmina in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price target for the company. Weiss Ratings raised shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. initiated coverage on Sanmina in a report on Monday, March 30th. They set a “neutral” rating and a $145.00 target price for the company. Wall Street Zen cut Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research cut shares of Sanmina from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Sanmina presently has a consensus rating of “Hold” and an average target price of $160.00.

Sanmina Stock Performance

Shares of SANM stock opened at $201.87 on Tuesday. The firm has a market cap of $10.82 billion, a P/E ratio of 42.68, a P/E/G ratio of 0.76 and a beta of 1.56. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.03 and a current ratio of 1.71. Sanmina Corporation has a one year low of $95.49 and a one year high of $288.68. The firm’s 50 day moving average price is $238.25 and its 200-day moving average price is $185.24.

Sanmina (NASDAQ:SANM) last released its earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.74. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.28 billion. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.Sanmina’s revenue was up 102.3% compared to the same quarter last year. During the same period in the previous year, the company posted $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. As a group, equities research analysts predict that Sanmina Corporation will post 9.36 EPS for the current year.

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.