Sanmina Corporation $SANM Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System grew its stake in Sanmina Corporation (NASDAQ:SANM) by 26.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 63,747 shares of the electronics maker’s stock after buying an additional 13,428 shares during the quarter. California State Teachers Retirement System’s holdings in Sanmina were worth $8,264,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Invesco Ltd. lifted its stake in Sanmina by 22.0% in the fourth quarter. Invesco Ltd. now owns 2,667,240 shares of the electronics maker’s stock worth $400,273,000 after acquiring an additional 481,588 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Sanmina by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker’s stock valued at $244,500,000 after purchasing an additional 58,529 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Sanmina by 57.5% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 762,365 shares of the electronics maker’s stock worth $98,833,000 after purchasing an additional 278,465 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Sanmina by 17.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 732,369 shares of the electronics maker’s stock worth $109,907,000 after purchasing an additional 108,202 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Sanmina during the fourth quarter worth $101,751,000. 92.71% of the stock is owned by institutional investors and hedge funds.

Sanmina Stock Performance

NASDAQ SANM opened at $207.46 on Wednesday. Sanmina Corporation has a 1-year low of $108.36 and a 1-year high of $288.68. The company has a market capitalization of $11.12 billion, a P/E ratio of 37.11, a PEG ratio of 0.68 and a beta of 1.59. The business has a 50 day moving average price of $229.43 and a 200 day moving average price of $188.48. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.78 and a quick ratio of 1.06.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, topping the consensus estimate of $2.77 by $0.54. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The business’s revenue for the quarter was up 69.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.53 EPS. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Sell-side analysts expect that Sanmina Corporation will post 10.41 EPS for the current fiscal year.

Analysts Set New Price Targets

SANM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Weiss Ratings raised shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $198.33.

Insider Activity

In other Sanmina news, CFO Jonathan P. Faust sold 10,076 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $265.80, for a total value of $2,678,200.80. Following the sale, the chief financial officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is owned by company insiders.

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.