Teachers Retirement System of The State of Kentucky Buys 12,353 Shares of Sanmina Corporation $SANM

Teachers Retirement System of The State of Kentucky boosted its position in shares of Sanmina Corporation (NASDAQ:SANM) by 71.0% in the third quarter, Holdings Channel.com reports. The firm owned 29,747 shares of the electronics maker’s stock after acquiring an additional 12,353 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Sanmina were worth $3,424,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SANM. Norges Bank acquired a new position in shares of Sanmina during the second quarter worth about $63,671,000. Vaughan Nelson Investment Management L.P. acquired a new stake in Sanmina in the 3rd quarter valued at approximately $61,946,000. Invesco Ltd. lifted its stake in Sanmina by 42.4% in the 2nd 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 in the last quarter. Hennessy Advisors Inc. acquired a new position in Sanmina during the 3rd quarter worth approximately $40,933,000. Finally, Frontier Capital Management Co. LLC boosted its position in Sanmina by 20.9% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,231,884 shares of the electronics maker’s stock worth $120,515,000 after acquiring an additional 213,025 shares during the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Argus raised their target price on shares of Sanmina to $200.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Wall Street Zen lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $160.00.

Sanmina Stock Performance

Shares of NASDAQ SANM opened at $139.55 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.04 and a debt-to-equity ratio of 0.75. Sanmina Corporation has a 12 month low of $63.67 and a 12 month high of $185.29. The stock has a 50 day moving average of $155.48 and a 200-day moving average of $143.36. The company has a market capitalization of $7.62 billion, a P/E ratio of 33.31, a P/E/G ratio of 0.62 and a beta of 1.01.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, January 26th. The electronics maker reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.23. Sanmina had a return on equity of 13.06% and a net margin of 2.47%.The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the prior year, the business earned $1.16 EPS. The firm’s revenue for the quarter was up 59.0% on a year-over-year basis. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. As a group, equities research analysts predict that Sanmina Corporation will post 5.15 EPS for the current year.

Insider Activity at Sanmina

In other Sanmina news, CFO Jonathan P. Faust sold 10,075 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $159.30, for a total value of $1,604,947.50. Following the transaction, the chief financial officer directly owned 87,076 shares of the company’s stock, valued at $13,871,206.80. This represents a 10.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alan Mcwilliams Reid sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $148.45, for a total transaction of $519,575.00. Following the sale, the executive vice president owned 33,981 shares of the company’s stock, valued at $5,044,479.45. This trade represents a 9.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 15,291 shares of company stock worth $2,393,988. 3.10% of the stock is owned by corporate insiders.

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.