Royce & Associates LP Sells 69,450 Shares of Sanmina Corporation $SANM

Royce & Associates LP reduced its stake in shares of Sanmina Corporation (NASDAQ:SANM) by 20.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 266,511 shares of the electronics maker’s stock after selling 69,450 shares during the quarter. Royce & Associates LP owned 0.50% of Sanmina worth $30,678,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. raised its position in shares of Sanmina by 42.4% in the 2nd quarter. Invesco Ltd. now owns 1,251,678 shares of the electronics maker’s stock valued at $122,452,000 after buying an additional 372,829 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in Sanmina by 20.9% in the second quarter. Frontier Capital Management Co. LLC now owns 1,231,884 shares of the electronics maker’s stock valued at $120,515,000 after acquiring an additional 213,025 shares during the last quarter. Global Alpha Capital Management Ltd. raised its position in Sanmina by 6.7% during the second quarter. Global Alpha Capital Management Ltd. now owns 868,891 shares of the electronics maker’s stock valued at $85,004,000 after purchasing an additional 54,200 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Sanmina by 3.7% during the third quarter. Allianz Asset Management GmbH now owns 776,604 shares of the electronics maker’s stock worth $89,395,000 after purchasing an additional 27,384 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Sanmina in the 2nd quarter valued at $63,671,000. Institutional investors own 92.71% of the company’s stock.

Insider Buying and Selling

In other news, Director David V. Hedley III sold 1,024 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $162.31, for a total value of $166,205.44. Following the sale, the director directly owned 6,340 shares of the company’s stock, valued at approximately $1,029,045.40. This represents a 13.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alan Mcwilliams Reid sold 3,500 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $148.45, for a total transaction of $519,575.00. Following the completion of the transaction, the executive vice president owned 33,981 shares in the company, valued at approximately $5,044,479.45. The trade was a 9.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 15,291 shares of company stock valued at $2,393,988. Insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

SANM has been the subject of several recent analyst reports. Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. Wall Street Zen cut shares of Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Finally, Argus lifted their price target on shares of Sanmina to $200.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Sanmina presently has an average rating of “Buy” and an average price target of $160.00.

Sanmina Stock Down 3.8%

Shares of NASDAQ SANM opened at $155.26 on Monday. Sanmina Corporation has a 1 year low of $63.67 and a 1 year high of $185.29. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.70 and a quick ratio of 1.04. The firm has a market cap of $8.48 billion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. The company has a 50 day simple moving average of $156.35 and a 200 day simple moving average of $143.06.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, January 26th. The electronics maker reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.23. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.09 billion. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The company’s revenue for the quarter was up 59.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 earnings per share. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. On average, research analysts forecast that Sanmina Corporation will post 5.15 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.