Sierra Summit Advisors LLC Buys Shares of 6,478 Sanmina Corporation $SANM

Sierra Summit Advisors LLC purchased a new position in shares of Sanmina Corporation (NASDAQ:SANM) in the 1st quarter, HoldingsChannel reports. The firm purchased 6,478 shares of the electronics maker’s stock, valued at approximately $840,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Sanmina in the 3rd quarter valued at $26,000. Employees Retirement System of Texas bought a new position in Sanmina during the fourth quarter worth $39,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Sanmina by 182.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock valued at $51,000 after buying an additional 219 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Sanmina by 235.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock valued at $55,000 after buying an additional 259 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in Sanmina in the fourth quarter valued at $60,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Price Performance

Sanmina stock opened at $219.77 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.71 and a debt-to-equity ratio of 0.77. Sanmina Corporation has a 12-month low of $95.49 and a 12-month high of $288.68. The firm’s fifty day moving average is $240.75 and its 200 day moving average is $180.84. The company has a market capitalization of $11.78 billion, a PE ratio of 46.46, a PEG ratio of 0.84 and a beta of 1.56.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.74. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period last year, the company posted $1.16 earnings per share. The business’s quarterly revenue was up 102.3% on a year-over-year basis. 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, sell-side analysts predict that Sanmina Corporation will post 9.36 EPS for the current fiscal year.

Insider Activity at Sanmina

In other news, Director David V. Hedley III sold 500 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $219.52, for a total transaction of $109,760.00. Following the transaction, the director owned 7,376 shares of the company’s stock, valued at $1,619,179.52. This represents a 6.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jonathan P. Faust sold 10,076 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $265.80, for a total value of $2,678,200.80. Following the completion of the sale, the chief financial officer owned 77,000 shares of the company’s stock, valued at approximately $20,466,600. This represents a 11.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 156,509 shares of company stock worth $35,699,476. 3.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on SANM. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. JPMorgan Chase & Co. began coverage on Sanmina in a research note on Monday, March 30th. They issued a “neutral” rating and a $145.00 price objective on the stock. Zacks Research downgraded Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings upgraded Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Finally, Susquehanna started coverage on Sanmina in a research note on Wednesday, April 1st. They set a “neutral” rating and a $135.00 target price for the company. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Sanmina presently has a consensus rating of “Hold” and an average target price of $150.00.

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.