Sanmina Corporation $SANM Shares Sold by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC lowered its position in Sanmina Corporation (NASDAQ:SANM) by 37.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 16,705 shares of the electronics maker’s stock after selling 10,201 shares during the period. Oliver Luxxe Assets LLC’s holdings in Sanmina were worth $2,507,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Invesco Ltd. grew its position in shares of Sanmina by 74.6% during the third quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker’s stock worth $251,590,000 after acquiring an additional 933,974 shares during the last quarter. Norges Bank purchased a new stake in Sanmina in the 2nd quarter valued at $63,671,000. Vaughan Nelson Investment Management L.P. acquired a new stake in Sanmina during the 3rd quarter worth $61,946,000. Hennessy Advisors Inc. acquired a new stake in Sanmina during the 3rd quarter worth $40,933,000. Finally, Qube Research & Technologies Ltd grew 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 worth $42,737,000 after purchasing an additional 289,558 shares during the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

Sanmina Trading Down 5.7%

NASDAQ:SANM opened at $122.86 on Friday. Sanmina Corporation has a 12-month low of $63.67 and a 12-month high of $185.29. The company has a current ratio of 1.70, a quick ratio of 1.04 and a debt-to-equity ratio of 0.75. The stock’s 50 day simple moving average is $148.84 and its 200-day simple moving average is $144.22. The firm has a market cap of $6.71 billion, a P/E ratio of 29.32, a PEG ratio of 0.56 and a beta of 1.01.

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

Insider Transactions at Sanmina

In other news, CFO Jonathan P. Faust sold 10,075 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $159.30, for a total transaction of $1,604,947.50. Following the transaction, the chief financial officer directly owned 87,076 shares in the company, valued at $13,871,206.80. The trade was a 10.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David V. Hedley III sold 1,024 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $162.31, for a total transaction of $166,205.44. Following the transaction, the director directly owned 6,340 shares of the company’s stock, valued at $1,029,045.40. This represents a 13.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 14,599 shares of company stock worth $2,290,728. Company insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

SANM has been the topic of a number of recent research reports. Argus lifted their price objective on shares of Sanmina to $200.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price 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.