Sanmina Corporation $SANM Holdings Cut by Royal Bank of Canada

Key Points

• Royal Bank of Canada cut its Sanmina stake by 58.1% in the first quarter, selling 19,546 shares and retaining 14,099 shares valued at approximately $1.83 million. Institutional investors collectively own 92.71% of the company.
• Sanmina reported quarterly adjusted earnings of $3.31 per share, exceeding estimates of $2.77, while revenue rose 69.7% year over year to $3.46 billion. CFO Jonathan Faust also sold 10,076 shares for about $2.68 million under a Rule 10b5-1 plan.
• The stock opened at $198.28 after an 8.6% decline, while analysts maintained an overall “Moderate Buy” rating with a consensus price target of $198.33; JPMorgan lowered its target to $260 and kept a neutral rating.

Royal Bank of Canada reduced its stake in Sanmina Corporation (NASDAQ:SANM - Free Report) by 58.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,099 shares of the electronics maker's stock after selling 19,546 shares during the period. Royal Bank of Canada's holdings in Sanmina were worth $1,827,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. ANB Bank lifted its holdings in shares of Sanmina by 3.2% in the 1st quarter. ANB Bank now owns 1,645 shares of the electronics maker's stock worth $213,000 after purchasing an additional 51 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Sanmina by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker's stock worth $562,000 after buying an additional 69 shares during the period. Vise Technologies Inc. increased its position in Sanmina by 2.0% in the third quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker's stock worth $417,000 after buying an additional 71 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in Sanmina by 3.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,274 shares of the electronics maker's stock valued at $295,000 after buying an additional 75 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Sanmina by 7.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,751 shares of the electronics maker's stock valued at $266,000 after buying an additional 114 shares during the last quarter. 92.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Sanmina news, CFO Jonathan P. Faust sold 10,076 shares of the firm'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 transaction, the chief financial officer owned 77,000 shares of the company's stock, valued at approximately $20,466,600. This trade represents a 11.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Trading Down 8.6%

NASDAQ:SANM opened at $198.28 on Wednesday. The stock has a market cap of $10.63 billion, a price-to-earnings ratio of 35.47, a PEG ratio of 0.74 and a beta of 1.59. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.06 and a current ratio of 1.78. Sanmina Corporation has a 1 year low of $108.36 and a 1 year high of $288.68. The business has a fifty day moving average of $217.70 and a 200-day moving average of $190.80.

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

Analyst Ratings Changes

Several equities analysts have recently commented on SANM shares. JPMorgan Chase & Co. lowered their price target on shares of Sanmina from $275.00 to $260.00 and set a "neutral" rating for the company in a research report on Tuesday, July 28th. Wall Street Zen upgraded shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. Zacks Research raised shares of Sanmina from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. 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 research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $198.33.

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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