Janus Henderson Group PLC Sells 93,638 Shares of Sanmina Corporation $SANM

Janus Henderson Group PLC trimmed its holdings in Sanmina Corporation (NASDAQ:SANM) by 73.4% in the first quarter, Holdings Channel reports. The institutional investor owned 33,933 shares of the electronics maker’s stock after selling 93,638 shares during the period. Janus Henderson Group PLC’s holdings in Sanmina were worth $4,397,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. ANB Bank increased its stake in Sanmina by 3.2% during the 1st quarter. ANB Bank now owns 1,645 shares of the electronics maker’s stock worth $213,000 after acquiring an additional 51 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Sanmina by 5.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,048 shares of the electronics maker’s stock valued at $136,000 after acquiring an additional 54 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Sanmina by 1.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker’s stock worth $562,000 after purchasing an additional 69 shares in the last quarter. Vise Technologies Inc. increased its position in shares of Sanmina by 2.0% in the third quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker’s stock worth $417,000 after purchasing an additional 71 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its stake in 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 purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Trading Up 3.3%

Shares of NASDAQ SANM opened at $205.66 on Friday. The firm has a 50 day moving average price of $227.02 and a two-hundred day moving average price of $188.85. The stock has a market cap of $11.02 billion, a P/E ratio of 36.79, a price-to-earnings-growth ratio of 0.70 and a beta of 1.59. Sanmina Corporation has a 52-week low of $108.36 and a 52-week high of $288.68. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.06 and a current ratio of 1.78.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.54. The company had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. Sanmina’s revenue for the quarter was up 69.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.53 earnings per share. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. As a group, equities analysts forecast that Sanmina Corporation will post 10.41 EPS for the current year.

Insider Activity at Sanmina

In other news, CFO Jonathan P. Faust sold 10,076 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $265.80, for a total value of $2,678,200.80. Following the completion of the sale, the chief financial officer owned 77,000 shares of the company’s stock, valued at approximately $20,466,600. This represents a 11.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SANM. Weiss Ratings raised shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. decreased 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, July 28th. Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Finally, Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Sanmina presently has an average rating of “Moderate Buy” and an average price target of $198.33.

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.