Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases 3,753 Shares of Sanmina Corporation $SANM

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Sanmina Corporation (NASDAQ:SANM) by 25.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,784 shares of the electronics maker’s stock after buying an additional 3,753 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Sanmina were worth $2,435,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in Sanmina in the 3rd quarter worth approximately $26,000. Employees Retirement System of Texas bought a new position in Sanmina in the 4th quarter valued at approximately $39,000. Northwestern Mutual Wealth Management Co. boosted its stake in Sanmina by 182.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock valued at $51,000 after purchasing an additional 219 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Sanmina by 235.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock valued at $55,000 after purchasing an additional 259 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in Sanmina during the 4th quarter valued at $60,000. Institutional investors own 92.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Susquehanna began coverage on Sanmina in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price target for the company. Weiss Ratings raised Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Zacks Research cut Sanmina from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Finally, JPMorgan Chase & Co. assumed coverage on Sanmina in a research report on Monday, March 30th. They issued a “neutral” rating and a $145.00 target price for the company. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sanmina presently has a consensus rating of “Hold” and an average price target of $160.00.

Insider Transactions at Sanmina

In other news, CEO Jure Sola sold 118,368 shares of the firm’s stock in a transaction on 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 in the company, valued at $280,917,805.32. This trade represents a 8.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph G. Licata, Jr. sold 26,565 shares of Sanmina stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $211.03, for a total value of $5,606,011.95. Following the completion of the sale, the director directly owned 27,809 shares of the company’s stock, valued at $5,868,533.27. The trade was a 48.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 156,509 shares of company stock worth $35,699,476. Company insiders own 3.10% of the company’s stock.

Sanmina Stock Up 2.9%

Shares of Sanmina stock opened at $207.59 on Wednesday. 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’s 50 day moving average is $241.55 and its 200 day moving average is $183.92. The company has a market cap of $11.13 billion, a price-to-earnings ratio of 43.89, a price-to-earnings-growth ratio of 0.77 and a beta of 1.56.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, April 27th. The electronics maker reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.74. The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.28 billion. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The firm’s revenue was up 102.3% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Research analysts anticipate 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.