Y Intercept Hong Kong Ltd Grows Position in Sanmina Corporation $SANM

Y Intercept Hong Kong Ltd grew its position in shares of Sanmina Corporation (NASDAQ:SANM) by 2,493.7% during the first quarter, Holdings Channel.com reports. The fund owned 36,805 shares of the electronics maker’s stock after purchasing an additional 35,386 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Sanmina were worth $4,771,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SANM. Inspire Investing LLC bought a new position in shares of Sanmina during the first quarter valued at about $1,716,000. Pictet Asset Management Holding SA increased its stake in Sanmina by 7.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 8,523 shares of the electronics maker’s stock valued at $1,105,000 after buying an additional 592 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Sanmina during the 1st quarter worth approximately $3,137,000. BTC Capital Management Inc. boosted its stake in shares of Sanmina by 10.3% in the 1st quarter. BTC Capital Management Inc. now owns 3,184 shares of the electronics maker’s stock worth $413,000 after buying an additional 298 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its holdings in shares of Sanmina by 3.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,274 shares of the electronics maker’s stock valued at $295,000 after acquiring an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Sanmina Price Performance

SANM opened at $219.77 on Monday. The firm has a 50-day moving average price of $240.75 and a 200-day moving average price of $181.00. Sanmina Corporation has a twelve month low of $95.49 and a twelve month high of $288.68. The company has a quick ratio of 1.03, a current ratio of 1.71 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $11.78 billion, a price-to-earnings ratio of 46.46, a PEG ratio of 0.84 and a beta of 1.56.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.74. The company had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. Sanmina’s revenue was up 102.3% compared to the same quarter last year. During the same period in the prior 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. Equities analysts expect that Sanmina Corporation will post 9.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Weiss Ratings upgraded Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Susquehanna began coverage on shares of Sanmina in a report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price target on the stock. Zacks Research lowered shares of Sanmina from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Sanmina in a report on Monday, March 30th. They set a “neutral” rating and a $145.00 price objective for the company. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $150.00.

Insider Buying and Selling at Sanmina

In other Sanmina news, Director Joseph G. Licata, Jr. sold 26,565 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $211.03, for a total transaction of $5,606,011.95. Following the sale, the director owned 27,809 shares in the company, valued at $5,868,533.27. This represents a 48.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Alan Mcwilliams Reid sold 1,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $218.17, for a total value of $218,170.00. Following the completion of the transaction, the executive vice president directly owned 31,481 shares of the company’s stock, valued at $6,868,209.77. The trade was a 3.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 156,509 shares of company stock worth $35,699,476. Company insiders own 3.10% of the company’s stock.

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.