Fifth Third Bancorp Acquires 36,379 Shares of Sanmina Corporation $SANM

Fifth Third Bancorp boosted its position in shares of Sanmina Corporation (NASDAQ:SANM) by 7,723.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,850 shares of the electronics maker’s stock after acquiring an additional 36,379 shares during the quarter. Fifth Third Bancorp’s holdings in Sanmina were worth $4,777,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SANM. Amundi bought a new position in shares of Sanmina during the first quarter worth approximately $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Sanmina by 4.5% during 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 acquiring an additional 1,387 shares in the last quarter. United Services Automobile Association acquired a new position in Sanmina during the 1st quarter worth approximately $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of 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 valued at $9,621,000 after acquiring an additional 12,061 shares during the last quarter. Finally, Jane Street Group LLC grew its position in Sanmina by 572.5% during the 1st quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker’s stock worth $6,083,000 after acquiring an additional 67,973 shares during the last quarter. 92.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Zacks Research lowered Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings raised Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. JPMorgan Chase & Co. initiated coverage on shares of Sanmina in a research report on Monday, March 30th. They issued a “neutral” rating and a $145.00 price target on the stock. Wall Street Zen lowered Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Susquehanna assumed coverage on shares of Sanmina in a report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price target for the company. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Sanmina currently has an average rating of “Hold” and a consensus target price of $160.00.

Insider Transactions at Sanmina

In related news, Director David V. Hedley III sold 500 shares of the business’s stock in a transaction 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 directly owned 7,376 shares in the company, valued at approximately $1,619,179.52. The trade was a 6.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Alan Mcwilliams Reid sold 1,000 shares of the stock in a transaction dated Friday, May 1st. The stock was 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. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 156,509 shares of company stock valued at $35,699,476. 3.10% of the stock is currently owned by insiders.

Sanmina Price Performance

Shares of NASDAQ:SANM opened at $197.24 on Friday. Sanmina Corporation has a fifty-two week low of $95.49 and a fifty-two week high of $288.68. The company’s 50-day moving average is $239.12 and its 200 day moving average is $184.67. The company has a market capitalization of $10.57 billion, a P/E ratio of 41.70, a price-to-earnings-growth ratio of 0.76 and a beta of 1.56. 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 (NASDAQ:SANM) last issued its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.74. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.28 billion. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. Sanmina’s quarterly revenue was up 102.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 EPS. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. On average, equities research analysts forecast that Sanmina Corporation will post 9.36 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.