State of Alaska Department of Revenue Trims Stock Holdings in Sanmina Corporation $SANM

State of Alaska Department of Revenue lowered its holdings in shares of Sanmina Corporation (NASDAQ:SANM) by 43.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,803 shares of the electronics maker’s stock after selling 42,451 shares during the quarter. State of Alaska Department of Revenue’s holdings in Sanmina were worth $6,422,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Invesco Ltd. increased its stake in Sanmina by 42.4% in the second quarter. Invesco Ltd. now owns 1,251,678 shares of the electronics maker’s stock worth $122,452,000 after purchasing an additional 372,829 shares during the period. Frontier Capital Management Co. LLC boosted its stake in shares of 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 valued at $120,515,000 after purchasing an additional 213,025 shares during the period. Global Alpha Capital Management Ltd. grew its holdings in shares of Sanmina by 6.7% in the second quarter. Global Alpha Capital Management Ltd. now owns 868,891 shares of the electronics maker’s stock worth $85,004,000 after purchasing an additional 54,200 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Sanmina by 4.7% in the second quarter. Allianz Asset Management GmbH now owns 749,220 shares of the electronics maker’s stock worth $73,296,000 after purchasing an additional 33,865 shares during the last quarter. Finally, Norges Bank purchased a new position in Sanmina in the 2nd quarter worth about $63,671,000. Institutional investors own 92.71% of the company’s stock.

Sanmina Stock Up 2.9%

Shares of Sanmina stock opened at $153.41 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.72 and a quick ratio of 1.02. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 34.40, a PEG ratio of 0.74 and a beta of 1.05. The firm’s 50-day moving average is $157.05 and its two-hundred day moving average is $130.35. Sanmina Corporation has a 1 year low of $63.67 and a 1 year high of $178.39.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, November 3rd. The electronics maker reported $1.67 EPS for the quarter, beating the consensus estimate of $1.57 by $0.10. Sanmina had a net margin of 3.03% and a return on equity of 11.59%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the business posted $1.43 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. As a group, research analysts expect that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SANM shares. Wall Street Zen cut shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. Zacks Research downgraded shares of Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Sanmina in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $120.00.

Insiders Place Their Bets

In other Sanmina news, insider Vishnu Venkatesh sold 692 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $149.22, for a total transaction of $103,260.24. Following the sale, the insider owned 23,500 shares of the company’s stock, valued at approximately $3,506,670. This trade represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.22% of the stock is currently owned by corporate insiders.

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.