Maryland State Retirement & Pension System Lowers Stake in Sanmina Corporation $SANM

Maryland State Retirement & Pension System lessened its stake in shares of Sanmina Corporation (NASDAQ:SANM) by 51.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,660 shares of the electronics maker’s stock after selling 8,052 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Sanmina were worth $882,000 at the end of the most recent reporting period.

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

Sanmina Trading Up 3.7%

NASDAQ SANM opened at $181.17 on Thursday. Sanmina Corporation has a 1 year low of $63.67 and a 1 year high of $183.17. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.72 and a quick ratio of 1.02. The company has a market capitalization of $9.88 billion, a PE ratio of 40.62, a P/E/G ratio of 0.85 and a beta of 1.05. The company has a fifty day moving average of $157.90 and a 200 day moving average of $134.46.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, November 3rd. The electronics maker reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.10. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.05 billion. Sanmina had a return on equity of 11.59% and a net margin of 3.03%.The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned $1.43 EPS. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. Research analysts forecast that Sanmina Corporation will post 5.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wall Street Zen cut shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. Zacks Research downgraded Sanmina from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Sanmina in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $120.00.

Insiders Place Their Bets

In related news, insider Vishnu Venkatesh sold 692 shares of Sanmina stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $149.22, for a total transaction of $103,260.24. Following the completion of the transaction, the insider directly owned 23,500 shares in the company, valued at approximately $3,506,670. This trade represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.22% of the company’s stock.

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.