Earnest Partners LLC Trims Stock Position in Sanmina Corporation $SANM

Earnest Partners LLC decreased its holdings in shares of Sanmina Corporation (NASDAQ:SANM) by 4.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 983,535 shares of the electronics maker’s stock after selling 43,230 shares during the quarter. Earnest Partners LLC’s holdings in Sanmina were worth $113,215,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Creative Planning increased its position in shares of Sanmina by 45.5% during the 3rd quarter. Creative Planning now owns 67,316 shares of the electronics maker’s stock worth $7,749,000 after purchasing an additional 21,051 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Sanmina in the third quarter valued at about $2,824,000. SummitTX Capital L.P. boosted its stake in Sanmina by 19.8% during the third quarter. SummitTX Capital L.P. now owns 11,443 shares of the electronics maker’s stock worth $1,317,000 after buying an additional 1,890 shares during the period. Raymond James Financial Inc. boosted its stake in Sanmina by 8.1% during the third quarter. Raymond James Financial Inc. now owns 82,352 shares of the electronics maker’s stock worth $9,480,000 after buying an additional 6,148 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Sanmina during the third quarter valued at about $313,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Stock Down 0.9%

Shares of NASDAQ:SANM opened at $125.20 on Friday. The firm has a market capitalization of $6.84 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 0.57 and a beta of 1.01. Sanmina Corporation has a 1 year low of $63.67 and a 1 year high of $185.29. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.70 and a quick ratio of 1.04. The firm’s 50-day moving average is $151.58 and its two-hundred day moving average is $143.95.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, January 26th. The electronics maker reported $2.38 EPS for the quarter, topping the consensus estimate of $2.15 by $0.23. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.09 billion. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The company’s quarterly revenue was up 59.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 earnings per share. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. Analysts predict that Sanmina Corporation will post 5.15 EPS for the current year.

Insider Buying and Selling

In other Sanmina news, EVP Alan Mcwilliams Reid sold 3,500 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $148.45, for a total transaction of $519,575.00. Following the sale, the executive vice president owned 33,981 shares in the company, valued at $5,044,479.45. This represents a 9.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Vishnu Venkatesh sold 692 shares of the stock in a transaction dated 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 sale, the insider directly owned 23,500 shares in the company, valued at $3,506,670. This represents a 2.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,291 shares of company stock worth $2,393,988 in the last quarter. Company insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Wall Street Zen downgraded shares of Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Finally, Argus boosted their target price on Sanmina to $200.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $160.00.

About Sanmina

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.