Glenmede Trust Co. NA grew its stake in shares of Sanmina Corporation (NASDAQ:SANM – Free Report) by 25.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,105 shares of the electronics maker’s stock after buying an additional 3,643 shares during the quarter. Glenmede Trust Co. NA’s holdings in Sanmina were worth $2,347,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of SANM. Amundi purchased a new stake in Sanmina during the 1st quarter valued at $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Sanmina by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,968 shares of the electronics maker’s stock valued at $2,435,000 after acquiring an additional 1,387 shares during the period. United Services Automobile Association purchased a new position in shares of Sanmina in the first quarter valued at about $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Sanmina by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,287 shares of the electronics maker’s stock valued at $9,621,000 after acquiring an additional 12,061 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Sanmina by 572.5% during the first quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker’s stock valued at $6,083,000 after acquiring an additional 67,973 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.
Insiders Place Their Bets
In other Sanmina news, CFO Jonathan P. Faust sold 10,076 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $265.80, for a total value of $2,678,200.80. Following the transaction, the chief financial officer directly owned 77,000 shares of the company’s stock, valued at approximately $20,466,600. This trade represents a 11.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.10% of the company’s stock.
Sanmina Price Performance
Sanmina (NASDAQ:SANM – Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.54. The company had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The firm’s revenue for the quarter was up 69.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.53 earnings per share. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. On average, analysts expect that Sanmina Corporation will post 10.41 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on SANM. Weiss Ratings upgraded shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 15th. Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday. JPMorgan Chase & Co. dropped their price objective on Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Finally, Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $198.33.
Check Out Our Latest Stock Analysis on Sanmina
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.
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