Towle & Co. Takes Position in Sanmina Corporation $SANM

Towle & Co. acquired a new stake in Sanmina Corporation (NASDAQ:SANM) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 62,723 shares of the electronics maker’s stock, valued at approximately $7,220,000. Towle & Co. owned about 0.12% of Sanmina at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SANM. Jones Financial Companies Lllp increased its position in Sanmina by 7.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,127 shares of the electronics maker’s stock valued at $129,000 after acquiring an additional 81 shares during the period. TD Waterhouse Canada Inc. grew its stake in shares of Sanmina by 27.2% in the second quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock worth $39,000 after purchasing an additional 85 shares during the last quarter. Trail Ridge Investment Advisors LLC increased its holdings in Sanmina by 2.7% in the third quarter. Trail Ridge Investment Advisors LLC now owns 3,264 shares of the electronics maker’s stock valued at $376,000 after purchasing an additional 86 shares during the period. Bank of Montreal Can raised its position in Sanmina by 1.5% during the 2nd quarter. Bank of Montreal Can now owns 8,814 shares of the electronics maker’s stock worth $862,000 after purchasing an additional 128 shares during the last quarter. Finally, Moloney Securities Asset Management LLC lifted its holdings in Sanmina by 3.9% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 3,668 shares of the electronics maker’s stock worth $359,000 after buying an additional 138 shares during the period. 92.71% of the stock is owned by institutional investors.

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 transaction of $103,260.24. Following the transaction, the insider 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alan Mcwilliams Reid sold 3,500 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $148.45, for a total transaction of $519,575.00. Following the transaction, the executive vice president directly owned 33,981 shares in the company, valued at approximately $5,044,479.45. This represents a 9.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SANM. Argus increased 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 cut Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Finally, Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $160.00.

Sanmina Stock Performance

SANM stock opened at $149.37 on Friday. The firm has a market cap of $8.16 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 0.67 and a beta of 1.04. The company has a current ratio of 1.70, a quick ratio of 1.04 and a debt-to-equity ratio of 0.75. The stock has a 50-day moving average price of $155.55 and a 200-day moving average price of $141.45. Sanmina Corporation has a 1-year low of $63.67 and a 1-year high of $185.29.

Sanmina (NASDAQ:SANM) last released 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 business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter last year, the firm posted $1.16 earnings per share. The firm’s revenue was up 59.0% on a year-over-year basis. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. As a group, equities research analysts expect that Sanmina Corporation will post 5.15 earnings per share for the current year.

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.