Ritholtz Wealth Management Boosts Stake in Sanmina Corporation $SANM

Ritholtz Wealth Management boosted its stake in Sanmina Corporation (NASDAQ:SANM) by 52.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 16,969 shares of the electronics maker’s stock after purchasing an additional 5,847 shares during the period. Ritholtz Wealth Management’s holdings in Sanmina were worth $1,953,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SANM. TD Waterhouse Canada Inc. grew its stake in shares of Sanmina by 27.2% in the second quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock valued at $39,000 after buying an additional 85 shares in the last quarter. MAI Capital Management purchased a new position in Sanmina during the 2nd quarter valued at about $41,000. Salomon & Ludwin LLC acquired a new position in Sanmina in the 3rd quarter valued at about $41,000. Harbour Investments Inc. increased its stake in Sanmina by 1,612.9% during the second quarter. Harbour Investments Inc. now owns 531 shares of the electronics maker’s stock worth $52,000 after purchasing an additional 500 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Sanmina by 86.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,227 shares of the electronics maker’s stock worth $120,000 after purchasing an additional 570 shares during the period. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Stock Performance

NASDAQ:SANM opened at $177.44 on Friday. The firm has a market capitalization of $9.68 billion, a PE ratio of 39.78, a price-to-earnings-growth ratio of 0.86 and a beta of 1.05. The business’s fifty day moving average price is $157.50 and its 200 day moving average price is $132.87. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.72 and a quick ratio of 1.02. Sanmina Corporation has a 12 month low of $63.67 and a 12 month high of $178.87.

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

Insider Buying and Selling at Sanmina

In other news, insider Vishnu Venkatesh sold 692 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $149.22, for a total value of $103,260.24. Following the completion of the transaction, the insider owned 23,500 shares in the company, valued at approximately $3,506,670. This represents a 2.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.22% of the company’s stock.

Analysts Set New Price Targets

SANM has been the subject of several recent research reports. Wall Street Zen lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Sanmina in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $120.00.

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.