M&T Bank Corp Takes Position in Sanmina Corporation $SANM

M&T Bank Corp acquired a new stake in shares of Sanmina Corporation (NASDAQ:SANM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,342 shares of the electronics maker’s stock, valued at approximately $351,000.

Several other institutional investors have also modified their holdings of SANM. Invesco Ltd. lifted its holdings in shares of Sanmina by 74.6% during the 3rd quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker’s stock valued at $251,590,000 after purchasing an additional 933,974 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of Sanmina by 354.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 371,270 shares of the electronics maker’s stock valued at $42,737,000 after purchasing an additional 289,558 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Sanmina during the 3rd quarter valued at about $21,196,000. Fisher Asset Management LLC bought a new position in shares of Sanmina during the 3rd quarter valued at about $19,207,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Sanmina by 44.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 539,644 shares of the electronics maker’s stock valued at $85,960,000 after purchasing an additional 165,805 shares in the last quarter. Institutional investors own 92.71% of the company’s stock.

Insider Activity at Sanmina

In other news, CFO Jonathan P. Faust sold 10,075 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $159.30, for a total transaction of $1,604,947.50. Following the sale, the chief financial officer owned 87,076 shares in the company, valued at $13,871,206.80. This represents a 10.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Joseph G. Licata, Jr. sold 26,565 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $211.03, for a total value of $5,606,011.95. Following the sale, the director owned 27,809 shares in the company, valued at approximately $5,868,533.27. This represents a 48.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 161,032 shares of company stock worth $35,312,003. Insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SANM. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 29th. Argus boosted their target price on Sanmina to $200.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. started coverage on Sanmina in a research note on Monday, March 30th. They issued a “neutral” rating and a $145.00 target price on the stock. Finally, Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $150.00.

Sanmina Trading Up 1.1%

NASDAQ SANM opened at $238.55 on Thursday. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of 50.43, a PEG ratio of 0.90 and a beta of 1.51. The stock’s 50 day moving average price is $159.72 and its two-hundred day moving average price is $157.11. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.03 and a current ratio of 1.71. Sanmina Corporation has a 52 week low of $78.43 and a 52 week high of $255.21.

Sanmina (NASDAQ:SANM) last released its earnings results on Monday, April 27th. The electronics maker reported $3.16 EPS for the quarter, beating the consensus estimate of $2.42 by $0.74. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the previous year, the business posted $1.16 EPS. The business’s quarterly revenue was up 102.3% compared to the same quarter last year. 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, analysts anticipate that Sanmina Corporation will post 9.36 earnings per share for the current fiscal 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.