Hsbc Holdings PLC Increases Position in Sanmina Corporation $SANM

Hsbc Holdings PLC grew its position in shares of Sanmina Corporation (NASDAQ:SANM) by 197.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,367 shares of the electronics maker’s stock after purchasing an additional 3,564 shares during the period. Hsbc Holdings PLC’s holdings in Sanmina were worth $685,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SANM. Collaborative Fund Advisors LLC acquired a new position in Sanmina during the 1st quarter worth about $1,164,000. Stephens Inc. AR purchased a new position in Sanmina during the 1st quarter valued at about $2,363,000. Counterpoint Mutual Funds LLC grew its position in Sanmina by 28.9% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 4,261 shares of the electronics maker’s stock valued at $552,000 after acquiring an additional 956 shares in the last quarter. Sierra Summit Advisors LLC acquired a new position in Sanmina in the 1st quarter valued at about $840,000. Finally, Y Intercept Hong Kong Ltd increased its stake in Sanmina by 2,493.7% during the first quarter. Y Intercept Hong Kong Ltd now owns 36,805 shares of the electronics maker’s stock worth $4,771,000 after purchasing an additional 35,386 shares during the period. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SANM. Zacks Research lowered shares of Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. reduced 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. Weiss Ratings raised shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 15th. Finally, Wall Street Zen downgraded shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Sanmina presently has a consensus rating of “Hold” and a consensus target price of $198.33.

Sanmina Stock Performance

Shares of SANM opened at $183.48 on Friday. The stock has a 50-day simple moving average of $232.76 and a 200-day simple moving average of $187.84. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.03 and a current ratio of 1.78. The stock has a market capitalization of $9.83 billion, a PE ratio of 32.82, a PEG ratio of 0.64 and a beta of 1.56. Sanmina Corporation has a 1 year low of $108.36 and a 1 year high of $288.68.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.54. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the previous year, the company posted $1.53 earnings per share. The business’s revenue for the quarter was up 69.7% on a year-over-year basis. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. On average, analysts predict that Sanmina Corporation will post 9.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jonathan P. Faust sold 10,076 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $265.80, for a total value of $2,678,200.80. Following the sale, the chief financial officer directly owned 77,000 shares in the company, valued at approximately $20,466,600. This trade represents a 11.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jure Sola sold 118,368 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 1,227,573 shares of the company’s stock, valued at approximately $280,917,805.32. This represents a 8.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 3.10% of the company’s stock.

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.