M&T Bank Corp Purchases New Shares in Sanmina Corporation $SANM

M&T Bank Corp purchased a new stake in Sanmina Corporation (NASDAQ:SANM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,342 shares of the electronics maker’s stock, valued at approximately $351,000.

A number of other institutional investors have also made changes to their positions in the business. Optiver Holding B.V. increased its position in Sanmina by 36.6% in the third quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 59 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Sanmina in the third quarter worth about $26,000. Root Financial Partners LLC acquired a new stake in Sanmina in the third quarter worth about $34,000. Federated Hermes Inc. increased its position in Sanmina by 88.6% in the third quarter. Federated Hermes Inc. now owns 464 shares of the electronics maker’s stock worth $53,000 after purchasing an additional 218 shares during the period. Finally, USA Financial Formulas acquired a new stake in Sanmina in the fourth quarter worth about $76,000. 92.71% of the stock is owned by institutional investors.

Insider Activity at Sanmina

In other news, Director David V. Hedley III sold 1,024 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $162.31, for a total transaction of $166,205.44. Following the completion of the transaction, the director directly owned 6,340 shares in the company, valued at approximately $1,029,045.40. The trade was a 13.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alan Mcwilliams Reid sold 3,500 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $148.45, for a total value of $519,575.00. Following the transaction, the executive vice president owned 33,981 shares of the company’s stock, valued at $5,044,479.45. The trade was a 9.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 161,032 shares of company stock worth $35,312,003. 3.10% of the stock is owned by company insiders.

Sanmina Price Performance

Sanmina stock opened at $238.55 on Thursday. The firm has a market capitalization of $12.79 billion, a P/E ratio of 50.43, a PEG ratio of 0.90 and a beta of 1.51. Sanmina Corporation has a 1 year low of $78.43 and a 1 year high of $255.21. The business has a 50-day moving average of $159.72 and a 200-day moving average of $157.11. The company has a current ratio of 1.71, a quick ratio of 1.03 and a debt-to-equity ratio of 0.77.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.74. The company had revenue of $4.01 billion during 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 for the quarter was up 102.3% compared to the same quarter last year. During the same period in the previous year, the company earned $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 anticipate that Sanmina Corporation will post 9.36 EPS for the current year.

Analysts Set New Price Targets

SANM has been the subject of a number of research reports. Weiss Ratings upgraded Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 29th. Susquehanna initiated coverage on Sanmina in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price objective for the company. Argus lifted their price objective on Sanmina to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. One investment 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 a consensus rating of “Moderate Buy” and an average target price 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.