Praxis Investment Management Inc. decreased its holdings in Sanmina Corporation (NASDAQ:SANM – Free Report) by 40.7% during the first quarter, Holdings Channel.com reports. The firm owned 3,583 shares of the electronics maker’s stock after selling 2,463 shares during the period. Praxis Investment Management Inc.’s holdings in Sanmina were worth $465,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Sanmina in the 3rd quarter worth approximately $26,000. Employees Retirement System of Texas purchased a new position in shares of Sanmina during the 4th quarter valued at $39,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Sanmina by 182.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock valued at $51,000 after acquiring an additional 219 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Sanmina by 235.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock worth $55,000 after acquiring an additional 259 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Sanmina in the fourth quarter worth $60,000. 92.71% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on SANM shares. JPMorgan Chase & Co. initiated coverage on Sanmina in a research report on Monday, March 30th. They set a “neutral” rating and a $145.00 price objective for the company. Susquehanna assumed coverage on Sanmina in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price target for the company. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Weiss Ratings raised shares of Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Finally, Zacks Research cut shares of Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $150.00.
Insider Transactions at Sanmina
In other news, Director Joseph G. Licata, Jr. sold 26,565 shares of Sanmina stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $211.03, for a total value of $5,606,011.95. Following the transaction, the director owned 27,809 shares of the company’s stock, valued at $5,868,533.27. This trade represents a 48.86% decrease in their ownership of the stock. 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 Sanmina stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $218.17, for a total transaction of $218,170.00. Following the completion of the transaction, the executive vice president directly owned 31,481 shares in the company, valued at approximately $6,868,209.77. This represents a 3.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 156,509 shares of company stock worth $35,699,476. 3.10% of the stock is currently owned by company insiders.
Sanmina Price Performance
NASDAQ SANM opened at $219.77 on Monday. Sanmina Corporation has a fifty-two week low of $95.49 and a fifty-two week high of $288.68. The stock’s 50-day moving average is $240.75 and its two-hundred day moving average is $181.00. The firm has a market cap of $11.78 billion, a P/E ratio of 46.46, a price-to-earnings-growth ratio of 0.84 and a beta of 1.56. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.71 and a quick ratio of 1.03.
Sanmina (NASDAQ:SANM – Get Free Report) last released 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 the consensus estimate of $3.28 billion. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The firm’s revenue was up 102.3% on a year-over-year basis. During the same quarter in the prior year, the company 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, analysts anticipate that Sanmina Corporation will post 9.36 earnings per share for the current fiscal 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.
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