Norges Bank Invests $101.75 Million in Sanmina Corporation $SANM

Norges Bank bought a new position in Sanmina Corporation (NASDAQ:SANM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 678,024 shares of the electronics maker’s stock, valued at approximately $101,751,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Optiver Holding B.V. lifted its holdings in shares of 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 bought a new position in shares of Sanmina in the third quarter worth about $26,000. Employees Retirement System of Texas bought a new position in shares of Sanmina in the fourth quarter worth about $39,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Sanmina by 182.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock worth $51,000 after acquiring an additional 219 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of 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. Institutional investors own 92.71% of the company’s stock.

Sanmina Stock Down 10.0%

Shares of NASDAQ SANM opened at $252.08 on Friday. The company has a 50 day simple moving average of $201.68 and a 200 day simple moving average of $168.74. The firm has a market cap of $13.51 billion, a PE ratio of 53.29, a price-to-earnings-growth ratio of 1.07 and a beta of 1.54. Sanmina Corporation has a 1 year low of $85.66 and a 1 year high of $288.68. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.71 and a quick ratio of 1.03.

Sanmina (NASDAQ:SANM) last issued 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. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.28 billion. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The firm’s quarterly revenue was up 102.3% on a year-over-year basis. During the same quarter last year, the business earned $1.16 EPS. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. On average, research analysts forecast that Sanmina Corporation will post 9.36 EPS for the current year.

Insider Buying and Selling at Sanmina

In other Sanmina news, Director David V. Hedley III sold 500 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $219.52, for a total transaction of $109,760.00. Following the completion of the transaction, the director owned 7,376 shares in the company, valued at approximately $1,619,179.52. This trade represents a 6.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alan Mcwilliams Reid sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $218.17, for a total transaction of $218,170.00. Following the transaction, the executive vice president owned 31,481 shares of the company’s stock, valued at approximately $6,868,209.77. The trade was a 3.08% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 156,509 shares of company stock worth $35,699,476. Company insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SANM. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday. JPMorgan Chase & Co. initiated coverage on shares of Sanmina in a report on Monday, March 30th. They issued a “neutral” rating and a $145.00 target price for the company. Weiss Ratings upgraded shares of Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Susquehanna initiated coverage on shares of Sanmina in a report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price objective for the company. Finally, Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $150.00.

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.