Principal Financial Group Inc. Increases Position in Sanmina Corporation $SANM

Posted by George Bondi on Jul 19th, 2026

Principal Financial Group Inc. increased its position in shares of Sanmina Corporation (NASDAQ:SANM – Free Report) by 2.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 319,487 shares of the electronics maker’s stock after purchasing an additional 7,568 shares during the period. Principal Financial Group Inc.’s holdings in Sanmina were worth $41,418,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Sanmina during the 3rd quarter valued at $26,000. Employees Retirement System of Texas purchased a new stake in Sanmina in the 4th quarter worth $39,000. Northwestern Mutual Wealth Management Co. raised its holdings in Sanmina by 182.5% during the fourth 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 during the period. Steward Partners Investment Advisory LLC raised its holdings in Sanmina by 235.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock valued at $55,000 after acquiring an additional 259 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of Sanmina in the fourth quarter valued at about $60,000. 92.71% of the stock is currently owned by institutional investors.

Insider Activity at Sanmina

In other Sanmina news, CFO Jonathan P. Faust sold 10,076 shares of the firm’s stock in a transaction that occurred on 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 owned 77,000 shares in the company, valued at $20,466,600. This trade represents a 11.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David V. Hedley III sold 500 shares of Sanmina stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $219.52, for a total value of $109,760.00. Following the completion of the sale, the director directly owned 7,376 shares in the company, valued at approximately $1,619,179.52. The trade was a 6.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 156,509 shares of company stock valued at $35,699,476 in the last 90 days. 3.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SANM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on Sanmina in a research note on Monday, March 30th. They issued a “neutral” rating and a $145.00 price objective for the company. Wall Street Zen downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Research cut Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings upgraded Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Finally, Susquehanna assumed coverage on shares of Sanmina in a report on Wednesday, April 1st. They set a “neutral” rating and a $135.00 price objective for the company. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $160.00.

Read Our Latest Stock Analysis on Sanmina

Sanmina Stock Down 0.4%

Shares of SANM stock opened at $197.24 on Friday. The company’s fifty day simple moving average is $239.12 and its two-hundred day simple moving average is $184.67. Sanmina Corporation has a 52 week low of $95.49 and a 52 week high of $288.68. The stock has a market cap of $10.57 billion, a P/E ratio of 41.70, a PEG ratio of 0.76 and a beta of 1.56. 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 (NASDAQ:SANM – Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.74. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the business posted $1.16 earnings per share. The business’s quarterly revenue was up 102.3% compared to the same quarter last year. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. Analysts predict that Sanmina Corporation will post 9.36 EPS for the current fiscal year.

Sanmina Profile

(Free Report)

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.