Bessemer Group Inc. Grows Stock Position in Sanmina Corporation $SANM

Bessemer Group Inc. raised its position in Sanmina Corporation (NASDAQ:SANM) by 30.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 60,674 shares of the electronics maker’s stock after acquiring an additional 14,163 shares during the period. Bessemer Group Inc.’s holdings in Sanmina were worth $7,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Amundi bought a new position in shares of Sanmina during the 1st quarter worth $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sanmina by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,968 shares of the electronics maker’s stock worth $2,435,000 after acquiring an additional 1,387 shares during the last quarter. United Services Automobile Association bought a new stake in Sanmina in the 1st quarter valued at about $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Sanmina by 10.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,287 shares of the electronics maker’s stock valued at $9,621,000 after acquiring an additional 12,061 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Sanmina by 572.5% during the first quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker’s stock valued at $6,083,000 after purchasing an additional 67,973 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Sanmina Stock Performance

Sanmina stock opened at $197.24 on Monday. 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 fifty-two week low of $95.49 and a fifty-two week high of $288.68. The stock has a market cap of $10.57 billion, a P/E ratio of 41.70, a PEG ratio of 0.76 and a beta of 1.56. The firm’s fifty day moving average price is $239.12 and its 200-day moving average price is $184.89.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, April 27th. The electronics maker reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.74. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The company 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 earned $1.16 earnings per share. The firm’s quarterly revenue 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 research analysts forecast that Sanmina Corporation will post 9.36 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Joseph G. Licata, Jr. sold 26,565 shares of the business’s stock in a transaction dated 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 owned 27,809 shares of the company’s stock, valued at approximately $5,868,533.27. The trade was a 48.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David V. Hedley III sold 500 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $219.52, for a total value of $109,760.00. Following the transaction, the director directly owned 7,376 shares of the company’s stock, 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. In the last quarter, insiders have sold 156,509 shares of company stock worth $35,699,476. Company insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SANM shares. Weiss Ratings upgraded shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. Susquehanna began coverage on shares of Sanmina in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of Sanmina in a research note on Monday, March 30th. They set a “neutral” rating and a $145.00 price target on the stock. Wall Street Zen lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Zacks Research cut shares of Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $160.00.

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.