Legal & General Group Plc Has $21.30 Million Holdings in Sanmina Corporation $SANM

Legal & General Group Plc trimmed its holdings in shares of Sanmina Corporation (NASDAQ:SANM) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 141,943 shares of the electronics maker’s stock after selling 2,477 shares during the quarter. Legal & General Group Plc owned about 0.26% of Sanmina worth $21,301,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SANM. Optiver Holding B.V. boosted its stake in shares of Sanmina by 36.6% during the 3rd quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 59 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Sanmina in the 3rd quarter valued at approximately $26,000. Federated Hermes Inc. raised its stake in shares of Sanmina by 88.6% in the 3rd quarter. Federated Hermes Inc. now owns 464 shares of the electronics maker’s stock valued at $53,000 after acquiring an additional 218 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Sanmina by 40.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 559 shares of the electronics maker’s stock valued at $65,000 after acquiring an additional 161 shares in the last quarter. Finally, Danske Bank A S bought a new position in shares of Sanmina in the 3rd quarter valued at approximately $69,000. 92.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SANM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on Sanmina in a research note on Monday, March 30th. They issued a “neutral” rating and a $145.00 price objective on the stock. Weiss Ratings raised Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Wall Street Zen downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 23rd. Susquehanna initiated coverage on Sanmina in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price objective on the stock. Finally, Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $150.00.

Insiders Place Their Bets

In other Sanmina news, Director Joseph G. Licata, Jr. sold 26,565 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $211.03, for a total value of $5,606,011.95. Following the sale, the director owned 27,809 shares of the company’s stock, valued at $5,868,533.27. This trade represents a 48.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David V. Hedley III sold 500 shares of Sanmina stock in a transaction that occurred 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 sale, the director directly owned 7,376 shares in the company, valued at $1,619,179.52. The trade was a 6.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 146,433 shares of company stock worth $33,021,275. Corporate insiders own 3.10% of the company’s stock.

Sanmina Stock Performance

SANM opened at $259.73 on Monday. The firm has a market capitalization of $13.92 billion, a P/E ratio of 54.91, a price-to-earnings-growth ratio of 1.00 and a beta of 1.54. The stock’s 50 day moving average price is $187.68 and its two-hundred day moving average price is $164.97. 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 Corporation has a 12-month low of $82.45 and a 12-month high of $270.49.

Sanmina (NASDAQ:SANM) last released its earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm 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. On average, equities analysts forecast that Sanmina Corporation will post 9.36 earnings per share 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.