New Mexico Educational Retirement Board Takes $2.81 Million Position in Sanmina Corporation $SANM

New Mexico Educational Retirement Board purchased a new stake in shares of Sanmina Corporation (NASDAQ:SANM) during the 2nd quarter, Holdings Channel reports. The fund purchased 11,100 shares of the electronics maker’s stock, valued at approximately $2,809,000.

A number of other institutional investors also recently bought and sold shares of SANM. ANB Bank boosted its stake in Sanmina by 3.2% during the first quarter. ANB Bank now owns 1,645 shares of the electronics maker’s stock worth $213,000 after buying an additional 51 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Sanmina by 5.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,048 shares of the electronics maker’s stock valued at $136,000 after acquiring an additional 54 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Sanmina by 1.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker’s stock worth $562,000 after acquiring an additional 69 shares during the last quarter. Vise Technologies Inc. lifted its stake in Sanmina by 2.0% in the third quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker’s stock worth $417,000 after purchasing an additional 71 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its stake in Sanmina by 3.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,274 shares of the electronics maker’s stock worth $295,000 after purchasing an additional 75 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors.

Sanmina Trading Down 4.6%

SANM stock opened at $194.01 on Friday. Sanmina Corporation has a 12 month low of $110.44 and a 12 month high of $288.68. The firm’s 50-day moving average is $209.27 and its 200 day moving average is $193.02. The company has a market capitalization of $10.40 billion, a PE ratio of 34.71, a P/E/G ratio of 0.68 and a beta of 1.59. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.54. The company had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The firm’s quarterly revenue was up 69.7% on a year-over-year basis. During the same period in the previous year, the company 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. On average, research analysts anticipate that Sanmina Corporation will post 10.41 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on SANM shares. JPMorgan Chase & Co. cut their target price on Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. Weiss Ratings lowered Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 18th. Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Finally, Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Sanmina currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.33.

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.