Citigroup Inc. Decreases Holdings in Sanmina Corporation $SANM

Citigroup Inc. decreased its stake in Sanmina Corporation (NASDAQ:SANM) by 60.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,126 shares of the electronics maker’s stock after selling 33,340 shares during the period. Citigroup Inc.’s holdings in Sanmina were worth $2,547,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its stake in shares of Sanmina by 7.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,127 shares of the electronics maker’s stock worth $129,000 after purchasing an additional 81 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in Sanmina by 27.2% in the second quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock valued at $39,000 after purchasing an additional 85 shares during the last quarter. Trail Ridge Investment Advisors LLC lifted its stake in Sanmina by 2.7% in the third quarter. Trail Ridge Investment Advisors LLC now owns 3,264 shares of the electronics maker’s stock valued at $376,000 after purchasing an additional 86 shares during the last quarter. Bank of Montreal Can grew its holdings in Sanmina by 1.5% during the second quarter. Bank of Montreal Can now owns 8,814 shares of the electronics maker’s stock valued at $862,000 after purchasing an additional 128 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in Sanmina by 6.5% during the third quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the electronics maker’s stock valued at $317,000 after purchasing an additional 168 shares during the period. 92.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SANM has been the topic of several recent research reports. Argus upped their price objective on shares of Sanmina to $200.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Wall Street Zen lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research report 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 given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $160.00.

Insiders Place Their Bets

In other news, Director David V. Hedley III sold 1,024 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $162.31, for a total transaction of $166,205.44. Following the sale, the director owned 6,340 shares in the company, valued at approximately $1,029,045.40. This trade represents a 13.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Alan Mcwilliams Reid sold 3,500 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $148.45, for a total value of $519,575.00. Following the completion of the transaction, the executive vice president owned 33,981 shares of the company’s stock, valued at $5,044,479.45. The trade was a 9.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 15,291 shares of company stock worth $2,393,988. 3.10% of the stock is currently owned by insiders.

Sanmina Stock Down 5.6%

Shares of NASDAQ SANM opened at $123.00 on Friday. Sanmina Corporation has a 52 week low of $63.67 and a 52 week high of $185.29. The business has a 50-day simple moving average of $154.33 and a two-hundred day simple moving average of $143.30. 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 company has a market cap of $6.72 billion, a P/E ratio of 29.36, a P/E/G ratio of 0.59 and a beta of 1.01.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, January 26th. The electronics maker reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.23. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the prior year, the company posted $1.16 EPS. The business’s revenue for the quarter was up 59.0% compared to the same quarter last year. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. Research analysts anticipate that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

Sanmina 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.