Strs Ohio Decreases Stock Holdings in Sanmina Corporation $SANM

Strs Ohio lowered its stake in shares of Sanmina Corporation (NASDAQ:SANM) by 59.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,100 shares of the electronics maker’s stock after selling 7,600 shares during the period. Strs Ohio’s holdings in Sanmina were worth $661,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Amundi bought a new stake in shares of Sanmina in the first quarter worth approximately $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Sanmina by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,968 shares of the electronics maker’s stock worth $2,435,000 after purchasing an additional 1,387 shares during the last quarter. United Services Automobile Association purchased a new stake in Sanmina in the first quarter worth approximately $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in 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 worth $9,621,000 after purchasing an additional 12,061 shares during the period. Finally, Jane Street Group LLC grew its position in 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 purchasing an additional 67,973 shares during the period. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Analysts Set New Price Targets

SANM has been the topic of several research analyst reports. Weiss Ratings raised Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Zacks Research cut Sanmina from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Susquehanna assumed coverage on Sanmina in a report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 target price on the stock. Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Finally, JPMorgan Chase & Co. started coverage on Sanmina in a research report on Monday, March 30th. They issued a “neutral” rating and a $145.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $150.00.

Sanmina Trading Up 1.9%

Shares of SANM stock opened at $209.56 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.71 and a quick ratio of 1.03. The company has a market cap of $11.23 billion, a price-to-earnings ratio of 44.30, a PEG ratio of 0.79 and a beta of 1.56. Sanmina Corporation has a 1 year low of $95.49 and a 1 year high of $288.68. The firm has a fifty day moving average price of $242.21 and a 200-day moving average price of $182.39.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.74. The business 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%.Sanmina’s revenue for the quarter was up 102.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.16 earnings per share. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. As a group, equities analysts predict that Sanmina Corporation will post 9.36 earnings per share for the current year.

Insider Transactions at Sanmina

In related news, Director David V. Hedley III sold 500 shares of Sanmina stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $219.52, for a total transaction of $109,760.00. Following the sale, the director owned 7,376 shares of the company’s stock, valued at approximately $1,619,179.52. This trade represents a 6.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alan Mcwilliams Reid sold 1,000 shares of Sanmina stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $218.17, for a total value of $218,170.00. Following the sale, the executive vice president directly owned 31,481 shares in the company, valued at $6,868,209.77. This trade represents a 3.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 156,509 shares of company stock valued at $35,699,476. Company insiders own 3.10% of the company’s stock.

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.