Gamco Investors INC. ET AL decreased its holdings in shares of Sanmina Corporation (NASDAQ:SANM – Free Report) by 42.7% in the fourth quarter, HoldingsChannel reports. The firm owned 12,890 shares of the electronics maker’s stock after selling 9,591 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Sanmina were worth $1,934,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Invesco Ltd. raised its position in Sanmina by 74.6% during the 3rd quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker’s stock valued at $251,590,000 after purchasing an additional 933,974 shares during the last quarter. Allianz Asset Management GmbH raised its position in Sanmina by 3.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 776,604 shares of the electronics maker’s stock valued at $89,395,000 after purchasing an additional 27,384 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Sanmina by 44.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 539,644 shares of the electronics maker’s stock valued at $85,960,000 after purchasing an additional 165,805 shares during the last quarter. Qube Research & Technologies Ltd raised its position in Sanmina by 354.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 371,270 shares of the electronics maker’s stock valued at $42,737,000 after purchasing an additional 289,558 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in Sanmina by 0.6% during the 3rd quarter. New York State Common Retirement Fund now owns 358,168 shares of the electronics maker’s stock valued at $41,229,000 after purchasing an additional 2,260 shares during the last quarter. Institutional investors own 92.71% of the company’s stock.
Insider Activity at Sanmina
In related news, EVP Alan Mcwilliams Reid sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was 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 owned 31,481 shares of the company’s stock, valued at $6,868,209.77. This trade represents a 3.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jure Sola sold 118,368 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $228.84, for a total value of $27,087,333.12. Following the transaction, the chief executive officer directly owned 1,227,573 shares of the company’s stock, valued at approximately $280,917,805.32. This trade represents a 8.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 157,532 shares of company stock worth $34,792,428 over the last quarter. 3.10% of the stock is currently owned by company insiders.
Sanmina Stock Up 1.4%
Sanmina (NASDAQ:SANM – Get Free Report) last announced its 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. 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 in the prior year, the company earned $1.16 EPS. The business’s 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. As a group, equities research analysts anticipate that Sanmina Corporation will post 9.36 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
SANM has been the subject of a number of recent analyst reports. 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 target for the company. Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Weiss Ratings lowered Sanmina from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Finally, Susquehanna initiated coverage on Sanmina in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Sanmina presently has an average rating of “Moderate Buy” and a consensus price target of $150.00.
Get Our Latest Stock Report on SANM
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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