First Trust Advisors LP Reduces Holdings in Sanmina Corporation $SANM

Key Points

• First Trust Advisors cut its Sanmina position by 47.9% in the first quarter, selling 13,757 shares and retaining 14,986 shares valued at approximately $1.94 million. Institutional investors collectively own 92.71% of Sanmina.
• Sanmina reported strong quarterly results, with EPS of $3.31 versus the $2.77 consensus and revenue of $3.46 billion, up 69.7% year over year. The company issued fiscal 2026 EPS guidance of $11.90–$12.20.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $198.33 target price, although JPMorgan lowered its target to $260 and maintained a neutral rating. Sanmina shares opened at $202.73, down 1.4%.

First Trust Advisors LP lowered its position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 47.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,986 shares of the electronics maker's stock after selling 13,757 shares during the period. First Trust Advisors LP's holdings in Sanmina were worth $1,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. grew its position in Sanmina by 74.6% in the third quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker's stock worth $251,590,000 after acquiring an additional 933,974 shares during the period. Norges Bank purchased a new stake in Sanmina in the fourth quarter valued at $101,751,000. Fisher Asset Management LLC lifted its stake in shares of Sanmina by 289.6% in the 4th quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker's stock valued at $97,571,000 after purchasing an additional 483,312 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Sanmina by 520.3% in the 4th quarter. Marshall Wace LLP now owns 428,519 shares of the electronics maker's stock valued at $64,308,000 after purchasing an additional 359,441 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Sanmina during the 4th quarter worth $53,430,000. Hedge funds and other institutional investors own 92.71% of the company's stock.

Sanmina Stock Down 1.4%

Shares of NASDAQ SANM opened at $202.73 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71. The business's 50 day moving average is $225.88 and its two-hundred day moving average is $188.95. Sanmina Corporation has a 52-week low of $108.36 and a 52-week high of $288.68. The firm has a market cap of $10.87 billion, a price-to-earnings ratio of 36.27, a PEG ratio of 0.71 and a beta of 1.59.

Sanmina (NASDAQ:SANM - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, topping the consensus estimate of $2.77 by $0.54. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same period last year, the business posted $1.53 earnings per share. The company's quarterly revenue was up 69.7% on a year-over-year basis. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Research analysts predict that Sanmina Corporation will post 10.41 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SANM. JPMorgan Chase & Co. cut their price objective on Sanmina from $275.00 to $260.00 and set a "neutral" rating for the company in a research report on Tuesday, July 28th. Zacks Research raised shares of Sanmina from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of Sanmina from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Sanmina currently has a consensus rating of "Moderate Buy" and a consensus target price of $198.33.

Insider Transactions at Sanmina

In related news, CFO Jonathan P. Faust sold 10,076 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the transaction, the chief financial officer owned 77,000 shares of the company's stock, valued at approximately $20,466,600. This represents a 11.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.10% of the company's stock.

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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