Sterling Capital Management LLC Sells 2,312 Shares of Sanmina Corporation $SANM

Sterling Capital Management LLC reduced its holdings in Sanmina Corporation (NASDAQ:SANM) by 36.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,960 shares of the electronics maker’s stock after selling 2,312 shares during the quarter. Sterling Capital Management LLC’s holdings in Sanmina were worth $513,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SANM. Caitong International Asset Management Co. Ltd bought a new stake in shares of Sanmina in the third quarter worth $26,000. Employees Retirement System of Texas bought a new position in Sanmina during the 4th quarter worth $39,000. Northwestern Mutual Wealth Management Co. raised its position in Sanmina by 182.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock worth $51,000 after purchasing an additional 219 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Sanmina by 235.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock worth $55,000 after buying an additional 259 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in Sanmina during the 4th quarter worth about $60,000. Institutional investors own 92.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Weiss Ratings raised Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Zacks Research cut Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. started coverage on Sanmina in a report on Monday, March 30th. They issued a “neutral” rating and a $145.00 target price on the stock. Finally, Susquehanna started coverage on shares of Sanmina in a research report on Wednesday, April 1st. They set a “neutral” rating and a $135.00 target price for the company. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Sanmina has an average rating of “Hold” and an average target price of $150.00.

Insiders Place Their Bets

In other Sanmina news, EVP Alan Mcwilliams Reid sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 31,481 shares in the company, valued at approximately $6,868,209.77. This represents a 3.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David V. Hedley III sold 500 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $219.52, for a total transaction of $109,760.00. Following the sale, the director directly owned 7,376 shares of the company’s stock, valued at approximately $1,619,179.52. This trade represents a 6.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 156,509 shares of company stock valued at $35,699,476 in the last 90 days. Company insiders own 3.10% of the company’s stock.

Sanmina Stock Performance

Shares of SANM opened at $219.77 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.03 and a debt-to-equity ratio of 0.77. The firm’s fifty day simple moving average is $239.88 and its two-hundred day simple moving average is $180.56. Sanmina Corporation has a 12 month low of $95.49 and a 12 month high of $288.68. The stock has a market capitalization of $11.78 billion, a P/E ratio of 46.46, a price-to-earnings-growth ratio of 0.95 and a beta of 1.56.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.74. The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.28 billion. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The business’s quarterly revenue was up 102.3% on a year-over-year basis. During the same period last year, the company posted $1.16 EPS. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. As a group, analysts predict that Sanmina Corporation will post 9.36 EPS for the current 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.