17,756 Shares in Sanmina Corporation $SANM Acquired by M&T Bank Corp

Key Points

• M&T Bank purchased a new position of 17,756 shares of Sanmina (NASDAQ:SANM) in Q4, valued at about $2.665 million, and institutional investors collectively own roughly 92.7% of the company.
• Sanmina beat Q2 estimates, reporting $4.01 billion in revenue (up ~102% YoY) and $3.16 EPS, raised FY2026 guidance to $10.75–$11.35 EPS and $13.7–$14.3B revenue, and the board authorized a $600 million share repurchase program.
• Insider selling and analyst outlook: the CFO sold 10,075 shares (part of 14,599 shares sold in the last 90 days worth ~$2.29M), while analysts on average rate the stock a "Hold" with a $150 target.

M&T Bank Corp purchased a new position in Sanmina Corporation (NASDAQ:SANM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,756 shares of the electronics maker's stock, valued at approximately $2,665,000.

Other institutional investors also recently added to or reduced their stakes in the company. Optiver Holding B.V. lifted its stake in Sanmina by 36.6% in the third quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker's stock worth $25,000 after acquiring an additional 59 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Sanmina in the third quarter worth approximately $26,000. Root Financial Partners LLC purchased a new position in Sanmina in the third quarter worth approximately $34,000. Salomon & Ludwin LLC purchased a new position in Sanmina in the third quarter worth approximately $41,000. Finally, Federated Hermes Inc. lifted its stake in Sanmina by 88.6% in the third quarter. Federated Hermes Inc. now owns 464 shares of the electronics maker's stock worth $53,000 after acquiring an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company's stock.

Key Headlines Impacting Sanmina

Here are the key news stories impacting Sanmina this week:

• Positive Sentiment: Q2 beats — Sanmina reported strong Q2 results: revenue of $4.01 billion (up ~102% YoY) and EPS of $3.16, both above consensus estimates; operating cash and gross profit expanded materially. These beats support the view of accelerating demand across end markets. Sanmina Reports Second Quarter Fiscal 2026 Financial Results
• Positive Sentiment: Raised FY guidance — Management raised FY2026 EPS guidance to $10.75–$11.35 (above consensus) and issued revenue guidance of $13.7–$14.3B, signaling confidence in sustained growth for the year. This is a key upward revision that can justify a higher valuation multiple. Sanmina Reports Second Quarter Fiscal 2026 Financial Results
• Positive Sentiment: Share repurchase — Board authorized a $600 million share repurchase program, which is shareholder‑friendly and can support the stock price over time by reducing float. Sanmina Reports Second Quarter Fiscal 2026 Financial Results
• Neutral Sentiment: Earnings coverage & context — Multiple outlets (Zacks, MarketBeat) covered the beat and provided context on margins and YoY comparisons; these summaries help investors parse reported metrics vs. expectations. Sanmina (SANM) Tops Q2 Earnings and Revenue Estimates
• Neutral Sentiment: Conference call transcript & slides — The full earnings call transcript and slide deck are available for detail on backlog, end‑market dynamics and margin drivers; use these to assess sustainability of the beat. Sanmina Q2 2026 Earnings Call Transcript
• Negative Sentiment: Mixed/conflicting market reaction — Some real‑time feeds and commentary reported different EPS figures and noted after‑hours volatility (including a report of a post‑close move), creating confusion and short‑term selling pressure. That mixed messaging can amplify intraday moves. Sanmina Stock Surges On Q2 Earnings: What To Know
• Negative Sentiment: Insider selling and analyst dispersion — A report highlighted recent insider sales and mixed analyst price targets, which can weigh on sentiment even after a beat. Monitor insider activity and updated analyst notes. Sanmina Corporation (SANM) Stock Falls on Q2 2026 Earnings

Insider Buying and Selling at Sanmina

In other Sanmina news, CFO Jonathan P. Faust sold 10,075 shares of Sanmina stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $159.30, for a total value of $1,604,947.50. Following the transaction, the chief financial officer directly owned 87,076 shares in the company, valued at approximately $13,871,206.80. This trade represents a 10.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David V. Hedley III sold 1,024 shares of Sanmina stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $162.31, for a total value of $166,205.44. Following the completion of the transaction, the director owned 6,340 shares in the company, valued at $1,029,045.40. This trade represents a 13.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 14,599 shares of company stock worth $2,290,728. 3.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SANM shares. Weiss Ratings downgraded shares of Sanmina from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, April 1st. Argus raised their target price on Sanmina to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, January 28th. Zacks Research lowered Sanmina from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 30th. Susquehanna began coverage on Sanmina in a research report on Wednesday, April 1st. They set a "neutral" rating and a $135.00 target price on the stock. Finally, JPMorgan Chase & Co. began coverage on Sanmina in a research report on Monday, March 30th. They set a "neutral" rating and a $145.00 target price on the stock. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $150.00.

Sanmina Trading Down 2.1%

Shares of SANM stock opened at $188.08 on Tuesday. The business's 50 day moving average is $143.93 and its two-hundred day moving average is $149.94. Sanmina Corporation has a twelve month low of $74.90 and a twelve month high of $197.63. The company has a market capitalization of $10.27 billion, a P/E ratio of 44.89, a price-to-earnings-growth ratio of 0.85 and a beta of 1.05. The company has a current ratio of 1.70, a quick ratio of 1.04 and a debt-to-equity ratio of 0.75.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.74. Sanmina had a return on equity of 13.06% and a net margin of 2.47%.The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.30 billion. During the same period last year, the business posted $1.16 EPS. The company'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. Equities analysts forecast that Sanmina Corporation will post 8.69 EPS for the current 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.

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