Envestnet Asset Management Inc. Trims Stock Position in Sanmina Corporation $SANM

Envestnet Asset Management Inc. decreased its stake in Sanmina Corporation (NASDAQ:SANM) by 12.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,739 shares of the electronics maker’s stock after selling 18,928 shares during the period. Envestnet Asset Management Inc. owned 0.24% of Sanmina worth $14,704,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its stake in Sanmina by 3.7% in the third quarter. Allianz Asset Management GmbH now owns 776,604 shares of the electronics maker’s stock valued at $89,395,000 after acquiring an additional 27,384 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Sanmina by 7.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,127 shares of the electronics maker’s stock valued at $129,000 after purchasing an additional 81 shares during the period. Principal Financial Group Inc. grew its stake in Sanmina by 10.0% during the 3rd 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 during the last quarter. Mutual Advisors LLC acquired a new position in Sanmina during the third quarter worth approximately $779,000. Finally, AlphaQuest LLC lifted its stake in Sanmina by 10,472.1% in the third quarter. AlphaQuest LLC now owns 10,995 shares of the electronics maker’s stock valued at $1,266,000 after buying an additional 10,891 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Transactions at Sanmina

In other news, insider Vishnu Venkatesh sold 692 shares of Sanmina stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $149.22, for a total transaction of $103,260.24. Following the completion of the sale, the insider directly owned 23,500 shares in the company, valued at approximately $3,506,670. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.10% of the company’s stock.

Sanmina Stock Performance

NASDAQ SANM opened at $145.81 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.04 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average is $157.13 and its two-hundred day moving average is $140.87. Sanmina Corporation has a 12-month low of $63.67 and a 12-month high of $185.29. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 34.80, a PEG ratio of 0.66 and a beta of 1.04.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, January 26th. The electronics maker reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.23. The business 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 business’s revenue for the quarter was up 59.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 EPS. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. Research analysts expect that Sanmina Corporation will post 5.15 EPS for the current year.

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.