State of Alaska Department of Revenue Lowers Stake in Sanmina Corporation $SANM

Key Points

• State of Alaska Department of Revenue cut its stake in Sanmina by 45.5% in Q4, selling 25,373 shares and ending the quarter with 30,430 shares worth $4.57 million (about 0.06% of the company).
• Sanmina beat quarterly estimates with EPS of $2.38 vs. $2.15 and revenue of $3.19 billion vs. $3.09 billion, reporting revenue up 59% year‑over‑year and issuing Q2 2026 EPS guidance of 2.25–2.55.
• Analysts have a consensus rating of "Hold" with an average price target of $150 (one Buy, five Holds), while institutional investors own roughly 92.7% of the stock.

State of Alaska Department of Revenue lowered its stake in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 45.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,430 shares of the electronics maker's stock after selling 25,373 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Sanmina worth $4,566,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in SANM. Optiver Holding B.V. raised its position in shares of Sanmina by 36.6% during the 3rd quarter. Optiver Holding B.V. now owns 220 shares of the electronics maker's stock valued at $25,000 after buying an additional 59 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Sanmina during the 3rd quarter valued at $26,000. Root Financial Partners LLC purchased a new stake in shares of Sanmina during the 3rd quarter valued at $34,000. Salomon & Ludwin LLC purchased a new stake in shares of Sanmina during the 3rd quarter valued at $41,000. Finally, Federated Hermes Inc. raised its position in shares of Sanmina by 88.6% during the 3rd quarter. Federated Hermes Inc. now owns 464 shares of the electronics maker's stock valued at $53,000 after buying an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 92.71% of the company's stock.

Analyst Upgrades and Downgrades

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

Sanmina Price Performance

Shares of Sanmina stock opened at $154.31 on Thursday. The firm has a market cap of $8.43 billion, a PE ratio of 36.83, a price-to-earnings-growth ratio of 0.68 and a beta of 1.05. Sanmina Corporation has a 12-month low of $71.84 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 company's fifty day simple moving average is $138.85 and its two-hundred day simple moving average is $146.64.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings results on Monday, January 26th. The electronics maker reported $2.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.23. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.09 billion. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The company's revenue was up 59.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. As a group, equities analysts expect that Sanmina Corporation will post 5.15 EPS for the current year.

Insider Activity

In other news, EVP Alan Mcwilliams Reid sold 3,500 shares of Sanmina stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $148.45, for a total transaction of $519,575.00. Following the sale, the executive vice president 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jonathan P. Faust sold 10,075 shares of Sanmina stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $159.30, for a total transaction of $1,604,947.50. Following the sale, the chief financial officer directly owned 87,076 shares in the company, valued at $13,871,206.80. The trade was a 10.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 14,599 shares of company stock valued at $2,290,728. 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.

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