Independent Financial Group LLC Acquires Shares of 3,919 Sanmina Corporation $SANM

Independent Financial Group LLC bought a new position in Sanmina Corporation (NASDAQ:SANM) in the first quarter, HoldingsChannel.com reports. The fund bought 3,919 shares of the electronics maker’s stock, valued at approximately $508,000.

A number of other large investors also recently modified their holdings of SANM. Amundi acquired a new stake in shares of Sanmina in the first quarter valued at approximately $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Sanmina by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,968 shares of the electronics maker’s stock worth $2,435,000 after buying an additional 1,387 shares in the last quarter. United Services Automobile Association bought a new position in Sanmina in the 1st quarter valued at $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Sanmina by 10.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,287 shares of the electronics maker’s stock valued at $9,621,000 after buying an additional 12,061 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Sanmina by 572.5% in the 1st quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker’s stock valued at $6,083,000 after buying an additional 67,973 shares during the period. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Stock Performance

Shares of Sanmina stock opened at $218.56 on Friday. The firm has a fifty day moving average of $237.03 and a two-hundred day moving average of $186.62. The stock has a market capitalization of $11.71 billion, a price-to-earnings ratio of 46.21, a PEG ratio of 0.83 and a beta of 1.56. Sanmina Corporation has a 52 week low of $95.49 and a 52 week high of $288.68. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.03 and a current ratio of 1.71.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.74. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the company earned $1.16 EPS. The firm’s revenue was up 102.3% on a year-over-year basis. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. As a group, equities research analysts predict that Sanmina Corporation will post 9.36 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Susquehanna started coverage on Sanmina in a research report on Wednesday, April 1st. They set a “neutral” rating and a $135.00 target price for the company. Weiss Ratings upgraded Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 15th. Zacks Research cut Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. JPMorgan Chase & Co. assumed coverage on shares of Sanmina in a research report on Monday, March 30th. They set a “neutral” rating and a $145.00 target price on the stock. Finally, Wall Street Zen lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $160.00.

Insider Transactions at Sanmina

In other Sanmina news, CEO Jure Sola sold 118,368 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $228.84, for a total transaction of $27,087,333.12. Following the transaction, the chief executive officer owned 1,227,573 shares in the company, valued at approximately $280,917,805.32. This trade represents a 8.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alan Mcwilliams Reid sold 1,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $218.17, for a total value of $218,170.00. Following the transaction, the executive vice president 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. In the last ninety days, insiders have sold 156,509 shares of company stock valued at $35,699,476. 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.