First Trust Advisors LP Cuts Stake in Sanmina Corporation $SANM

First Trust Advisors LP cut its holdings in shares of Sanmina Corporation (NASDAQ:SANM) by 47.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 14,986 shares of the electronics maker’s stock after selling 13,757 shares during the period. First Trust Advisors LP’s holdings in Sanmina were worth $1,943,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Chase Investment Counsel Corp increased its position in shares of Sanmina by 8.7% during the first quarter. Chase Investment Counsel Corp now owns 28,948 shares of the electronics maker’s stock worth $3,752,000 after acquiring an additional 2,327 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Sanmina by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker’s stock valued at $562,000 after purchasing an additional 69 shares during the period. Parallel Advisors LLC boosted its holdings in Sanmina by 28.5% in the first quarter. Parallel Advisors LLC now owns 563 shares of the electronics maker’s stock valued at $73,000 after purchasing an additional 125 shares during the period. KBC Group NV grew its stake in Sanmina by 16.7% during the 1st quarter. KBC Group NV now owns 1,842 shares of the electronics maker’s stock worth $239,000 after purchasing an additional 263 shares in the last quarter. Finally, Swiss National Bank grew its stake in Sanmina by 2.7% during the 1st quarter. Swiss National Bank now owns 107,900 shares of the electronics maker’s stock worth $13,988,000 after purchasing an additional 2,800 shares in the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Analyst Upgrades and Downgrades

SANM has been the topic of a number of analyst reports. Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. lowered their price objective on Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. Finally, Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $198.33.

Insider Transactions at Sanmina

In other news, CFO Jonathan P. Faust sold 10,076 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the completion of the transaction, the chief financial officer directly owned 77,000 shares of the company’s stock, valued at approximately $20,466,600. This represents a 11.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is owned by company insiders.

Sanmina Price Performance

Sanmina stock opened at $202.73 on Friday. The stock has a market cap of $10.87 billion, a P/E ratio of 36.27, a price-to-earnings-growth ratio of 0.71 and a beta of 1.59. The company has a fifty day simple moving average of $225.88 and a 200-day simple moving average of $188.95. Sanmina Corporation has a 12-month low of $108.36 and a 12-month high of $288.68. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.71.

Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.54. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The company’s revenue was up 69.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.53 earnings per share. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Equities analysts expect that Sanmina Corporation will post 10.41 EPS for the current fiscal year.

About Sanmina

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.