Hantz Financial Services Inc. Sells 29,646 Shares of Sanmina Corporation $SANM

Hantz Financial Services Inc. lessened its position in Sanmina Corporation (NASDAQ:SANM) by 86.4% during the third quarter, Holdings Channel reports. The fund owned 4,648 shares of the electronics maker’s stock after selling 29,646 shares during the period. Hantz Financial Services Inc.’s holdings in Sanmina were worth $535,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SANM. Allianz Asset Management GmbH boosted its holdings in shares of Sanmina by 3.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 776,604 shares of the electronics maker’s stock worth $89,395,000 after purchasing an additional 27,384 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Sanmina by 7.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,127 shares of the electronics maker’s stock worth $129,000 after buying an additional 81 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Sanmina by 10.0% in the third quarter. Principal Financial Group Inc. now owns 291,457 shares of the electronics maker’s stock worth $33,550,000 after buying an additional 26,379 shares in the last quarter. Mutual Advisors LLC bought a new position in Sanmina during the third quarter valued at approximately $779,000. Finally, AlphaQuest LLC raised its stake in shares of Sanmina by 10,472.1% during the third quarter. AlphaQuest LLC now owns 10,995 shares of the electronics maker’s stock worth $1,266,000 after acquiring an additional 10,891 shares in the last quarter. Institutional investors own 92.71% of the company’s stock.

Sanmina Trading Up 5.2%

Shares of SANM opened at $149.79 on Friday. The stock has a market capitalization of $8.18 billion, a P/E ratio of 35.75, a PEG ratio of 0.68 and a beta of 1.04. The company has a quick ratio of 1.04, a current ratio of 1.70 and a debt-to-equity ratio of 0.75. The firm has a fifty day simple moving average of $158.34 and a two-hundred day simple moving average of $138.93. Sanmina Corporation has a twelve month low of $63.67 and a twelve month high of $185.29.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, January 26th. The electronics maker reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.23. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.09 billion. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The company’s revenue for the quarter was up 59.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.16 earnings per share. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. On average, research analysts anticipate that Sanmina Corporation will post 5.15 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Argus upped their price target on shares of Sanmina to $200.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $160.00.

Insider Transactions at Sanmina

In other Sanmina news, insider Vishnu Venkatesh sold 692 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $149.22, for a total transaction of $103,260.24. Following the completion of the transaction, the insider owned 23,500 shares of the company’s stock, valued at $3,506,670. This represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.10% of the stock is currently owned by corporate insiders.

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.