Sanmina Corporation $SANM Shares Sold by Comerica Bank

Comerica Bank lowered its holdings in Sanmina Corporation (NASDAQ:SANM) by 25.4% in the fourth quarter, HoldingsChannel reports. The firm owned 40,381 shares of the electronics maker’s stock after selling 13,717 shares during the quarter. Comerica Bank’s holdings in Sanmina were worth $6,060,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SANM. Amundi acquired a new position in shares of Sanmina in the first quarter valued at approximately $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Sanmina by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,968 shares of the electronics maker’s stock valued at $2,435,000 after purchasing an additional 1,387 shares in the last quarter. United Services Automobile Association acquired a new position in shares of Sanmina in the first quarter valued at approximately $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Sanmina by 10.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,287 shares of the electronics maker’s stock valued at $9,621,000 after purchasing an additional 12,061 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Sanmina by 572.5% in the first quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker’s stock valued at $6,083,000 after purchasing an additional 67,973 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Insider Activity

In other news, EVP Alan Mcwilliams Reid sold 3,500 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $148.45, for a total value of $519,575.00. Following the completion of the transaction, the executive vice president owned 33,981 shares in the company, valued at approximately $5,044,479.45. This represents a 9.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David V. Hedley III sold 1,024 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $162.31, for a total transaction of $166,205.44. Following the completion of the transaction, the director owned 6,340 shares of the company’s stock, valued at approximately $1,029,045.40. The trade was a 13.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 14,599 shares of company stock worth $2,290,728. 3.10% of the stock is currently owned by corporate insiders.

Sanmina Price Performance

Shares of SANM opened at $217.82 on Friday. Sanmina Corporation has a twelve month low of $76.94 and a twelve month high of $230.56. The firm’s fifty day simple moving average is $147.92 and its 200-day simple moving average is $151.46. The firm has a market capitalization of $11.68 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 0.86 and a beta of 1.05. The company has a current ratio of 1.71, a quick ratio of 1.04 and a debt-to-equity ratio of 0.77.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.74. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the business earned $1.16 EPS. The company’s revenue was up 102.3% on a year-over-year basis. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. Equities analysts forecast that Sanmina Corporation will post 8.69 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on SANM. Susquehanna began coverage on shares of Sanmina in a report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price objective for the company. Argus lifted their price objective on shares of Sanmina to $200.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Weiss Ratings upgraded shares of Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Zacks Research cut shares of Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, JPMorgan Chase & Co. started coverage on shares of Sanmina in a report on Monday, March 30th. They issued a “neutral” rating and a $145.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $150.00.

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.