Victory Capital Management Inc. Has $26.73 Million Stake in Sanmina Corporation $SANM

Victory Capital Management Inc. lessened its holdings in shares of Sanmina Corporation (NASDAQ:SANM) by 20.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,194 shares of the electronics maker’s stock after selling 58,284 shares during the period. Victory Capital Management Inc. owned approximately 0.44% of Sanmina worth $26,728,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SANM. Optiver Holding B.V. boosted its holdings in shares of Sanmina by 36.6% in the third quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker’s stock valued at $25,000 after buying an additional 59 shares during the period. Root Financial Partners LLC bought a new stake in Sanmina in the 3rd quarter valued at $34,000. TD Waterhouse Canada Inc. lifted its position in Sanmina by 27.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock valued at $39,000 after acquiring an additional 85 shares in the last quarter. MAI Capital Management acquired a new position in Sanmina in the 2nd quarter worth $41,000. Finally, Salomon & Ludwin LLC bought a new position in Sanmina during the 3rd quarter worth about $41,000. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Trading Up 1.8%

NASDAQ SANM opened at $125.22 on Tuesday. Sanmina Corporation has a 12 month low of $63.67 and a 12 month high of $185.29. 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 stock has a 50 day moving average of $153.76 and a 200-day moving average of $143.86. The company has a market cap of $6.84 billion, a PE ratio of 29.89, a PEG ratio of 0.56 and a beta of 1.01.

Sanmina (NASDAQ:SANM) last issued its 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 the consensus estimate of $3.09 billion. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The firm’s revenue for the quarter was up 59.0% on a year-over-year basis. During the same period 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, equities research analysts anticipate that Sanmina Corporation will post 5.15 EPS for the current fiscal year.

Insider Activity

In related news, CFO Jonathan P. Faust sold 10,075 shares of Sanmina stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $159.30, for a total transaction of $1,604,947.50. Following the completion of the transaction, the chief financial officer owned 87,076 shares in the company, valued at approximately $13,871,206.80. This trade represents a 10.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David V. Hedley III sold 1,024 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $162.31, for a total value of $166,205.44. Following the transaction, the director directly 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 SEC filing for this sale provides additional information. Insiders have sold 15,291 shares of company stock valued at $2,393,988 over the last quarter. 3.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.