Bessemer Group Inc. Has $7.87 Million Position in Sanmina Corporation $SANM

Key Points

• Bessemer Group Inc. increased its Sanmina stake by 30.5% in the first quarter, buying 14,163 additional shares and bringing its total holding to 60,674 shares worth about $7.87 million.
• Sanmina reported strong quarterly results, posting $3.16 EPS and $4.01 billion in revenue, both well ahead of estimates, with revenue more than doubling year over year.
• Despite the earnings beat, analysts remain cautious: the stock currently has a Hold consensus rating, while insiders have also been selling shares in recent months.

Bessemer Group Inc. raised its holdings in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 30.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,674 shares of the electronics maker's stock after purchasing an additional 14,163 shares during the quarter. Bessemer Group Inc. owned 0.11% of Sanmina worth $7,866,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Park Avenue Securities LLC grew its holdings in shares of Sanmina by 2.1% during the fourth quarter. Park Avenue Securities LLC now owns 3,248 shares of the electronics maker's stock valued at $487,000 after buying an additional 68 shares during the last quarter. Vise Technologies Inc. increased its position in shares of Sanmina by 2.0% during the third quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker's stock worth $417,000 after acquiring an additional 71 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of Sanmina by 3.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,274 shares of the electronics maker's stock worth $295,000 after acquiring an additional 75 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Sanmina by 1.4% in the 3rd quarter. Allworth Financial LP now owns 5,795 shares of the electronics maker's stock worth $667,000 after acquiring an additional 81 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Sanmina by 7.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,751 shares of the electronics maker's stock worth $266,000 after acquiring an additional 114 shares during the last quarter. Institutional investors and hedge funds own 92.71% of the company's stock.

Sanmina Stock Performance

Shares of Sanmina stock opened at $197.24 on Monday. The business's fifty day simple moving average is $239.12 and its 200 day simple moving average is $184.89. The company has a current ratio of 1.71, a quick ratio of 1.03 and a debt-to-equity ratio of 0.77. Sanmina Corporation has a 12 month low of $95.49 and a 12 month high of $288.68. The firm has a market capitalization of $10.57 billion, a P/E ratio of 41.70, a price-to-earnings-growth ratio of 0.76 and a beta of 1.56.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The electronics maker reported $3.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.42 by $0.74. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the company earned $1.16 EPS. The business's revenue for the quarter 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. As a group, analysts anticipate that Sanmina Corporation will post 9.36 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Zacks Research downgraded Sanmina from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. Susquehanna assumed coverage on Sanmina in a research note on Wednesday, April 1st. They issued a "neutral" rating and a $135.00 price objective for the company. Weiss Ratings upgraded Sanmina from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday. JPMorgan Chase & Co. started 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. Finally, Wall Street Zen downgraded Sanmina from a "strong-buy" rating to a "buy" rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $160.00.

Insider Activity at Sanmina

In other Sanmina news, EVP Alan Mcwilliams Reid sold 1,000 shares of the business's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $218.17, for a total value of $218,170.00. Following the transaction, the executive vice president directly owned 31,481 shares in the company, valued at $6,868,209.77. The trade was a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jonathan P. Faust sold 10,076 shares of the business's stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the completion of the transaction, the chief financial officer owned 77,000 shares in the company, valued at approximately $20,466,600. The trade was a 11.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 156,509 shares of company stock valued at $35,699,476 in the last 90 days. 3.10% of the stock is currently owned by company insiders.

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.

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