Sanmina Corporation $SANM Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in shares of Sanmina Corporation (NASDAQ:SANM) by 6.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 564,417 shares of the electronics maker’s stock after selling 38,234 shares during the period. JPMorgan Chase & Co. owned 1.06% of Sanmina worth $64,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Sanmina in the second quarter valued at $63,671,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Sanmina in the 3rd quarter valued at about $61,946,000. Invesco Ltd. boosted 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 period. Hennessy Advisors Inc. purchased a new position in Sanmina during the 3rd quarter worth approximately $40,933,000. Finally, Frontier Capital Management Co. LLC increased its position in 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 worth $120,515,000 after buying an additional 213,025 shares during the period. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Wall Street Analyst Weigh In

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

Sanmina Stock Performance

Shares of SANM opened at $158.17 on Wednesday. The company has a 50-day moving average of $155.58 and a two-hundred day moving average of $142.25. The stock has a market cap of $8.64 billion, a P/E ratio of 37.75, a PEG ratio of 0.67 and a beta of 1.04. Sanmina Corporation has a 12-month low of $63.67 and a 12-month high of $185.29. The company has a current ratio of 1.70, a quick ratio of 1.04 and a debt-to-equity ratio of 0.75.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data 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. Sanmina had a return on equity of 13.06% and a net margin of 2.47%.The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the business earned $1.16 earnings per share. The business’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, research analysts predict that Sanmina Corporation will post 5.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Vishnu Venkatesh sold 692 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $149.22, for a total value of $103,260.24. Following the transaction, the insider directly owned 23,500 shares in the company, valued at $3,506,670. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Alan Mcwilliams Reid sold 3,500 shares of the firm’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 directly owned 33,981 shares in the company, valued at approximately $5,044,479.45. This represents a 9.34% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 3.10% 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.