Hsbc Holdings PLC Increases Stock Position in Sanmina Corporation $SANM

Hsbc Holdings PLC raised its stake in Sanmina Corporation (NASDAQ:SANM) by 197.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,367 shares of the electronics maker’s stock after acquiring an additional 3,564 shares during the period. Hsbc Holdings PLC’s holdings in Sanmina were worth $685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Amundi acquired a new stake in shares of Sanmina during the first quarter worth about $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Sanmina by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,968 shares of the electronics maker’s stock valued at $2,435,000 after purchasing an additional 1,387 shares during the period. United Services Automobile Association purchased a new position in Sanmina during the 1st quarter worth approximately $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Sanmina by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,287 shares of the electronics maker’s stock worth $9,621,000 after buying an additional 12,061 shares during the period. Finally, Jane Street Group LLC increased its position in Sanmina by 572.5% during the first quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker’s stock worth $6,083,000 after buying an additional 67,973 shares during the period. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Analyst Upgrades and Downgrades

SANM has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a report on Tuesday. Weiss Ratings upgraded shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 15th. Zacks Research cut shares of Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Wall Street Zen downgraded shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $198.33.

Insider Activity

In related news, CFO Jonathan P. Faust sold 10,076 shares of the 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 directly owned 77,000 shares of the company’s stock, valued at $20,466,600. This represents a 11.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jure Sola sold 118,368 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $228.84, for a total transaction of $27,087,333.12. Following the completion of the sale, the chief executive officer owned 1,227,573 shares of the company’s stock, valued at approximately $280,917,805.32. The trade was a 8.79% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.10% of the stock is owned by insiders.

Sanmina Trading Up 12.0%

NASDAQ:SANM opened at $183.48 on Friday. The firm has a market cap of $9.83 billion, a P/E ratio of 32.82, a PEG ratio of 0.64 and a beta of 1.56. The company has a current ratio of 1.78, a quick ratio of 1.03 and a debt-to-equity ratio of 0.71. The stock’s 50 day simple moving average is $232.76 and its 200-day simple moving average is $187.84. Sanmina Corporation has a 12-month low of $108.36 and a 12-month high of $288.68.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share 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 firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same period last year, the company earned $1.53 earnings per share. The company’s revenue for the quarter 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. Equities analysts anticipate that Sanmina Corporation will post 9.36 EPS for the current year.

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.