Sanmina Corporation $SANM Shares Sold by Royal Bank of Canada

Royal Bank of Canada reduced its position in shares of Sanmina Corporation (NASDAQ:SANM) by 58.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,099 shares of the electronics maker’s stock after selling 19,546 shares during the quarter. Royal Bank of Canada’s holdings in Sanmina were worth $1,827,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SANM. Invesco Ltd. lifted its holdings in shares of Sanmina by 74.6% in the third quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker’s stock valued at $251,590,000 after buying an additional 933,974 shares during the period. Norges Bank acquired a new position in Sanmina during the fourth quarter worth about $101,751,000. Fisher Asset Management LLC grew its holdings in Sanmina by 289.6% during the fourth quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker’s stock worth $97,571,000 after acquiring an additional 483,312 shares during the period. Marshall Wace LLP boosted its position in shares of Sanmina by 520.3% during the 4th quarter. Marshall Wace LLP now owns 428,519 shares of the electronics maker’s stock valued at $64,308,000 after purchasing an additional 359,441 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Sanmina in the 4th quarter worth approximately $53,430,000. Institutional investors own 92.71% of the company’s stock.

Insider Buying and Selling at Sanmina

In other news, CFO Jonathan P. Faust sold 10,076 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the sale, the chief financial officer owned 77,000 shares in the company, valued at $20,466,600. The trade was a 11.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is currently owned by company insiders.

Sanmina Trading Down 8.6%

NASDAQ:SANM opened at $198.28 on Wednesday. The stock has a fifty day simple moving average of $217.70 and a 200 day simple moving average of $190.80. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 35.47, a price-to-earnings-growth ratio of 0.74 and a beta of 1.59. Sanmina Corporation has a 1-year low of $108.36 and a 1-year high of $288.68. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.54. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the previous year, the company earned $1.53 EPS. The business’s revenue for the quarter was up 69.7% compared to the same quarter last year. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Sell-side analysts forecast that Sanmina Corporation will post 10.41 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 15th. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $198.33.

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.