Assenagon Asset Management S.A. Has $2.94 Million Stock Position in Sanmina Corporation $SANM

Assenagon Asset Management S.A. reduced its position in Sanmina Corporation (NASDAQ:SANM) by 47.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,573 shares of the electronics maker’s stock after selling 17,862 shares during the period. Assenagon Asset Management S.A.’s holdings in Sanmina were worth $2,937,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Invesco Ltd. boosted its stake in Sanmina by 74.6% in the 3rd quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker’s stock worth $251,590,000 after purchasing an additional 933,974 shares during the period. Frontier Capital Management Co. LLC raised its stake in Sanmina by 20.9% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,231,884 shares of the electronics maker’s stock valued at $120,515,000 after purchasing an additional 213,025 shares during the period. Allianz Asset Management GmbH raised its stake in Sanmina by 3.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 776,604 shares of the electronics maker’s stock valued at $89,395,000 after purchasing an additional 27,384 shares during the period. Norges Bank purchased a new stake in shares of Sanmina in the second quarter valued at $63,671,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Sanmina in the third quarter valued at $61,946,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Trading Down 5.2%

Sanmina stock opened at $124.03 on Tuesday. Sanmina Corporation has a 12 month low of $63.67 and a 12 month high of $185.29. 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 stock has a market cap of $6.77 billion, a P/E ratio of 29.60, a P/E/G ratio of 0.59 and a beta of 1.01. The company’s fifty day simple moving average is $144.16 and its 200-day simple moving average is $144.92.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings data 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 return on equity of 13.06% and a net margin of 2.47%.The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the company earned $1.16 earnings per share. Sanmina’s quarterly revenue was up 59.0% compared to the same quarter last year. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. As a group, sell-side analysts forecast that Sanmina Corporation will post 5.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SANM. Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. JPMorgan Chase & Co. began coverage on Sanmina in a research report on Monday. They set a “neutral” rating and a $145.00 price objective for the company. Finally, Argus lifted their target price on Sanmina to $200.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Sanmina currently has an average rating of “Moderate Buy” and an average target price of $155.00.

Insider Transactions at Sanmina

In other news, Director David V. Hedley III sold 1,024 shares of Sanmina stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $162.31, for a total transaction of $166,205.44. Following the completion of the sale, the director directly owned 6,340 shares in the company, valued at $1,029,045.40. The trade was a 13.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alan Mcwilliams Reid sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $148.45, for a total value of $519,575.00. Following the completion of the sale, the executive vice president directly owned 33,981 shares of the company’s stock, valued at approximately $5,044,479.45. The trade was a 9.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 14,599 shares of company stock valued at $2,290,728 in the last three months. 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.