Principal Financial Group Inc. Grows Stake in Sanmina Corporation $SANM

Principal Financial Group Inc. grew its position in Sanmina Corporation (NASDAQ:SANM) by 10.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 291,457 shares of the electronics maker’s stock after buying an additional 26,379 shares during the quarter. Principal Financial Group Inc. owned 0.55% of Sanmina worth $33,550,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in 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 purchasing an additional 372,829 shares during the last quarter. AlphaQuest LLC raised its holdings in shares of Sanmina by 10,472.1% in the third quarter. AlphaQuest LLC now owns 10,995 shares of the electronics maker’s stock worth $1,266,000 after buying an additional 10,891 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Sanmina by 1.4% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 175,559 shares of the electronics maker’s stock worth $17,175,000 after buying an additional 2,451 shares during the period. Frontier Capital Management Co. LLC grew its holdings in shares of Sanmina by 20.9% during 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 buying an additional 213,025 shares during the last quarter. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of Sanmina during the third quarter valued at $1,472,000. Institutional investors own 92.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SANM. Argus boosted their price target on Sanmina to $200.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Wall Street Zen downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Finally, Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $160.00.

Insider Buying and Selling at Sanmina

In related news, insider Vishnu Venkatesh sold 692 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $149.22, for a total value of $103,260.24. Following the completion of the transaction, the insider directly owned 23,500 shares in the company, valued at $3,506,670. The trade was a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.10% of the stock is currently owned by company insiders.

Sanmina Stock Performance

Shares of SANM stock opened at $142.34 on Friday. Sanmina Corporation has a 52-week low of $63.67 and a 52-week high of $185.29. The company has a quick ratio of 1.04, a current ratio of 1.70 and a debt-to-equity ratio of 0.75. The stock has a market cap of $7.77 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 0.66 and a beta of 1.04. The business has a 50-day simple moving average of $158.47 and a 200-day simple moving average of $138.33.

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