Legal & General Group Plc Sells 2,477 Shares of Sanmina Corporation $SANM

Legal & General Group Plc trimmed its holdings in shares of Sanmina Corporation (NASDAQ:SANM) by 1.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 141,943 shares of the electronics maker’s stock after selling 2,477 shares during the quarter. Legal & General Group Plc’s holdings in Sanmina were worth $21,301,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Optiver Holding B.V. lifted its holdings in shares of Sanmina by 36.6% during the 3rd quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 59 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Sanmina in the 3rd quarter valued at $26,000. Federated Hermes Inc. boosted its stake in Sanmina by 88.6% in the 3rd quarter. Federated Hermes Inc. now owns 464 shares of the electronics maker’s stock valued at $53,000 after buying an additional 218 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in Sanmina by 40.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 559 shares of the electronics maker’s stock valued at $65,000 after buying an additional 161 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in Sanmina in the 3rd quarter valued at $69,000. 92.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SANM has been the topic of several recent analyst reports. Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Weiss Ratings raised Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Susquehanna initiated coverage on Sanmina in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price target on the stock. 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 target on the stock. Finally, Wall Street Zen lowered Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $150.00.

Insider Transactions at Sanmina

In other news, EVP Alan Mcwilliams Reid sold 1,000 shares of the business’s stock in a transaction 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 sale, the executive vice president owned 31,481 shares in the company, valued at $6,868,209.77. The trade was a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jure Sola sold 118,368 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $228.84, for a total value of $27,087,333.12. Following the sale, the chief executive officer owned 1,227,573 shares of the company’s stock, valued at approximately $280,917,805.32. The trade was a 8.79% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 146,433 shares of company stock worth $33,021,275. Insiders own 3.10% of the company’s stock.

Sanmina Stock Performance

Shares of SANM opened at $259.73 on Monday. The stock has a fifty day moving average price of $187.68 and a two-hundred day moving average price of $164.97. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.03 and a current ratio of 1.71. Sanmina Corporation has a 52-week low of $82.45 and a 52-week high of $270.49. The company has a market cap of $13.92 billion, a price-to-earnings ratio of 54.91, a PEG ratio of 1.00 and a beta of 1.54.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, April 27th. The electronics maker reported $3.16 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $3.28 billion. During the same quarter in the previous year, the company posted $1.16 EPS. The business’s revenue for the quarter 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.

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.