Sanmina Corporation $SANM Holdings Lowered by Praxis Investment Management Inc.

Praxis Investment Management Inc. cut its stake in Sanmina Corporation (NASDAQ:SANM) by 40.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,583 shares of the electronics maker’s stock after selling 2,463 shares during the period. Praxis Investment Management Inc.’s holdings in Sanmina were worth $465,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SANM. Invesco Ltd. raised its holdings in Sanmina by 74.6% during the third quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker’s stock worth $251,590,000 after purchasing an additional 933,974 shares in the last quarter. Norges Bank acquired a new position in shares of Sanmina during the 4th quarter valued at $101,751,000. Fisher Asset Management LLC increased its position in shares of Sanmina by 289.6% during the 4th quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker’s stock valued at $97,571,000 after purchasing an additional 483,312 shares during the period. Marshall Wace LLP raised its stake in shares of Sanmina by 520.3% in the 4th quarter. Marshall Wace LLP now owns 428,519 shares of the electronics maker’s stock worth $64,308,000 after buying an additional 359,441 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Sanmina in the fourth quarter valued at $53,430,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Alan Mcwilliams Reid sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $218.17, for a total value of $218,170.00. Following the completion of the transaction, the executive vice president owned 31,481 shares of the company’s stock, valued at approximately $6,868,209.77. This trade represents a 3.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jonathan P. Faust sold 10,076 shares of Sanmina stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the transaction, the chief financial officer owned 77,000 shares in the company, valued at approximately $20,466,600. The trade was a 11.57% decrease in their ownership of the stock. 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 a total of 156,509 shares of company stock valued at $35,699,476 over the last 90 days. 3.10% of the stock is owned by corporate insiders.

Sanmina Price Performance

Shares of Sanmina stock opened at $219.77 on Monday. Sanmina Corporation has a 12-month low of $95.49 and a 12-month high of $288.68. The firm has a market capitalization of $11.78 billion, a PE ratio of 46.46, a price-to-earnings-growth ratio of 0.84 and a beta of 1.56. 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 stock’s fifty day moving average is $240.75 and its 200-day moving average is $181.00.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.74. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the company posted $1.16 EPS. Sanmina’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. Equities analysts anticipate that Sanmina Corporation will post 9.36 earnings per share for the current year.

Analysts Set New Price Targets

SANM has been the topic of a number of research analyst reports. Zacks Research lowered Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings upgraded shares of Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. JPMorgan Chase & Co. began coverage on shares of Sanmina in a report on Monday, March 30th. They issued a “neutral” rating and a $145.00 target price on the stock. Finally, Susquehanna began coverage on shares of Sanmina in a report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Sanmina presently has a consensus rating of “Hold” and an average price target of $150.00.

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.