Bank of New York Mellon Corp Trims Stock Holdings in Sanmina Corporation $SANM

Bank of New York Mellon Corp reduced its holdings in shares of Sanmina Corporation (NASDAQ:SANM) by 8.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 371,959 shares of the electronics maker’s stock after selling 35,638 shares during the quarter. Bank of New York Mellon Corp’s holdings in Sanmina were worth $48,221,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Sanmina during the third quarter worth $26,000. Employees Retirement System of Texas purchased a new position in shares of Sanmina in the fourth quarter valued at $39,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Sanmina by 182.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock valued at $51,000 after purchasing an additional 219 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of Sanmina by 235.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock valued at $55,000 after purchasing an additional 259 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in Sanmina during the 4th quarter worth about $60,000. 92.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, 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 sale, the director directly owned 27,809 shares in the company, valued at $5,868,533.27. The trade was a 48.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David V. Hedley III sold 500 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $219.52, for a total value of $109,760.00. Following the completion of the sale, the director directly owned 7,376 shares in the company, valued at approximately $1,619,179.52. The trade was a 6.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 156,509 shares of company stock worth $35,699,476 over the last quarter. Company insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Zacks Research downgraded Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Wall Street Zen cut Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Susquehanna began coverage on shares of Sanmina in a report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price target on the stock. Weiss Ratings upgraded shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. started coverage on shares of Sanmina in a research note on Monday, March 30th. They set a “neutral” rating and a $145.00 price objective for the company. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $160.00.

Sanmina Stock Performance

NASDAQ:SANM opened at $208.43 on Friday. The stock has a market cap of $11.17 billion, a P/E ratio of 44.07, a price-to-earnings-growth ratio of 0.84 and a beta of 1.56. The firm’s fifty day simple moving average is $236.49 and its 200 day simple moving average is $186.77. Sanmina Corporation has a twelve month low of $95.49 and a twelve 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.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, April 27th. The electronics maker reported $3.16 EPS for the quarter, topping the consensus estimate of $2.42 by $0.74. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the business earned $1.16 EPS. The company’s revenue for the quarter was up 102.3% on a year-over-year basis. 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, research analysts predict that Sanmina Corporation will post 9.36 EPS for the current year.

About Sanmina

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.