Teacher Retirement System of Texas Sells 15,504 Shares of Sanmina Corporation $SANM

Teacher Retirement System of Texas cut its stake in Sanmina Corporation (NASDAQ:SANM) by 18.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,274 shares of the electronics maker’s stock after selling 15,504 shares during the period. Teacher Retirement System of Texas’ holdings in Sanmina were worth $7,859,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Invesco Ltd. grew its position in Sanmina by 42.4% in the second quarter. Invesco Ltd. now owns 1,251,678 shares of the electronics maker’s stock valued at $122,452,000 after acquiring an additional 372,829 shares during the period. Frontier Capital Management Co. LLC boosted its stake in shares of Sanmina by 20.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,231,884 shares of the electronics maker’s stock valued at $120,515,000 after purchasing an additional 213,025 shares in the last quarter. Global Alpha Capital Management Ltd. grew its holdings in shares of Sanmina by 6.7% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 868,891 shares of the electronics maker’s stock worth $85,004,000 after purchasing an additional 54,200 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Sanmina by 4.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 749,220 shares of the electronics maker’s stock worth $73,296,000 after purchasing an additional 33,865 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Sanmina during the 2nd quarter worth about $63,671,000. Institutional investors own 92.71% of the company’s stock.

Analysts Set New Price Targets

SANM has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Sanmina in a report on Wednesday, October 8th. Finally, Zacks Research lowered Sanmina from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $120.00.

Insider Buying and Selling at Sanmina

In other news, insider Vishnu Venkatesh sold 692 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $149.22, for a total transaction of $103,260.24. Following the transaction, the insider owned 23,500 shares of the company’s stock, valued at $3,506,670. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.22% of the stock is currently owned by insiders.

Sanmina Price Performance

SANM opened at $177.83 on Monday. Sanmina Corporation has a one year low of $63.67 and a one year high of $185.29. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.72 and a quick ratio of 1.02. The company’s 50 day simple moving average is $158.75 and its 200-day simple moving average is $135.76. The stock has a market capitalization of $9.70 billion, a P/E ratio of 39.87, a price-to-earnings-growth ratio of 0.86 and a beta of 1.05.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, November 3rd. The electronics maker reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.10. Sanmina had a net margin of 3.03% and a return on equity of 11.59%. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the company posted $1.43 EPS. Sanmina’s revenue was up 3.9% on a year-over-year basis. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. Sell-side analysts anticipate that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

About Sanmina

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.