Earnest Partners 13F: Cuts Sanmina (SANM) Stake by $2.7M

Earnest Partners Trims Sanmina Corporation Position

Earnest Partners made a slight adjustment to its equity portfolio by trimming its position in Sanmina Corporation (NasdaqGS: SANM). According to a Form 13F filing with the Securities and Exchange Commission, the institutional investor lowered its holdings during the period ending May 15, 2026. Because 13F filings look backward at past holdings, this report reflects the fund's position at that time and might not show what the investor owns today.

Details of the Share Reduction

The investment firm cut its stake by a 1.2% margin, which worked out to a reduction of 10,482 shares. Prior to this adjustment, the fund held 866,104 shares of the electronic components maker. After the sale, Earnest Partners kept 855,622 shares in Sanmina. Based on market prices around the filing date, that remaining stake carried a value of roughly $216.5 million.

Sanmina Stock Performance and Context

Sanmina shares trade on the NasdaqGS under the ticker SANM, recently changing hands around $253.08. The stock has experienced a wide trading range over the past year, moving between a 52-week low of $110.44 and a high of $288.68. The company carries a P/E ratio of 37.47, with a forward P/E of 15.05 based on projected earnings.

Analysts Set New Price Targets

Wall Street firms continue to evaluate the company's manufacturing and supply chain business. On July 28, 2026, JP Morgan maintained its neutral rating on Sanmina stock while lowering its price target from $275.00 to $260.00. The broader analyst community gives the stock a consensus buy rating, with four analysts offering opinions and a mean price target of $260.00.

Inside Sanmina Corporation

Sanmina Corporation builds integrated manufacturing solutions, components, and cloud infrastructure gear for original equipment manufacturers in industrial, medical, defense, and automotive markets. Headquartered in San Jose, California, the company operates two main segments covering advanced manufacturing, repair services, and complex electronic components.

Looking Ahead for Earnest Partners

This filing sits alongside several other portfolio adjustments by Earnest Partners during the same reporting period, including smaller cuts in companies like Charles River Laboratories, The Middleby Corporation, and Scotts Miracle-Gro. Investors tracking Earnest Partners will need to wait for subsequent quarterly disclosures to see if the fund continues trimming or stabilizes its position in Sanmina. The company's next earnings report is scheduled for November 2, 2026.