Empirical Financial Services LLC d.b.a. Empirical Wealth Management Boosts Holdings in Sanmina Corporation $SANM

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Sanmina Corporation (NASDAQ:SANM) by 25.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,784 shares of the electronics maker’s stock after purchasing an additional 3,753 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Sanmina were worth $2,435,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Sanmina by 21,174.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,529 shares of the electronics maker’s stock worth $3,831,000 after acquiring an additional 25,409 shares during the period. Geode Capital Management LLC raised its position in shares of Sanmina by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker’s stock worth $244,500,000 after acquiring an additional 58,529 shares in the last quarter. Legato Capital Management LLC bought a new position in shares of Sanmina in the 4th quarter worth approximately $1,233,000. Fisher Asset Management LLC lifted its stake in shares of Sanmina by 289.6% in 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. Finally, Principal Financial Group Inc. lifted its stake in shares of Sanmina by 7.0% in the 4th quarter. Principal Financial Group Inc. now owns 311,919 shares of the electronics maker’s stock valued at $46,810,000 after purchasing an additional 20,462 shares during the period. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Insiders Place Their Bets

In other Sanmina news, CEO Jure Sola sold 118,368 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $228.84, for a total value of $27,087,333.12. Following the sale, the chief executive officer directly owned 1,227,573 shares of the company’s stock, valued at approximately $280,917,805.32. The trade was a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Alan Mcwilliams Reid sold 1,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $218.17, for a total value of $218,170.00. Following the completion of the sale, the executive vice president directly owned 31,481 shares in the company, valued at approximately $6,868,209.77. This represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 156,509 shares of company stock valued at $35,699,476. Company insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SANM shares. Zacks Research cut Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Susquehanna began coverage on Sanmina in a report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price objective for the company. Weiss Ratings raised Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. assumed coverage on shares of Sanmina in a report on Monday, March 30th. They set a “neutral” rating and a $145.00 target price on the stock. Finally, Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $160.00.

Sanmina Price Performance

SANM stock opened at $207.59 on Wednesday. The firm has a 50 day moving average price of $241.55 and a 200-day moving average price of $183.92. Sanmina Corporation has a 52-week low of $95.49 and a 52-week high of $288.68. The firm has a market capitalization of $11.13 billion, a price-to-earnings ratio of 43.89, a PEG ratio of 0.77 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 (NASDAQ:SANM) last issued its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 EPS for the quarter, topping 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 firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the firm posted $1.16 EPS. The business’s revenue for the quarter was up 102.3% compared to the same quarter last year. 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 research analysts forecast 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.