Chase Investment Counsel Corp Invests $7.25 Million in Sanmina Corporation $SANM

by · The Markets Daily

Chase Investment Counsel Corp purchased a new position in Sanmina Corporation (NASDAQ:SANM – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 28,628 shares of the electronics maker’s stock, valued at approximately $7,245,000. Sanmina accounts for about 1.5% of Chase Investment Counsel Corp’s holdings, making the stock its 26th largest holding. Chase Investment Counsel Corp owned 0.05% of Sanmina as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SANM. Invesco Ltd. increased its position in shares of Sanmina by 22.0% during 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 period. Geode Capital Management LLC boosted its holdings in shares of Sanmina by 3.7% in the fourth 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 during the period. Bank of America Corp DE grew its stake in Sanmina by 14.6% in the first quarter. Bank of America Corp DE now owns 945,382 shares of the electronics maker’s stock worth $122,559,000 after purchasing an additional 120,164 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in 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 period. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in 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 period. Institutional investors own 92.71% of the company’s stock.

Insider Buying and Selling at Sanmina

In related news, CFO Jonathan P. Faust sold 10,076 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $265.80, for a total transaction 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 trade 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 available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SANM shares. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Weiss Ratings upgraded Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sanmina presently has a consensus rating of “Moderate Buy” and an average price target of $198.33.

Check Out Our Latest Analysis on Sanmina

Sanmina Stock Performance

Shares of NASDAQ:SANM opened at $210.84 on Monday. The firm has a 50 day moving average of $219.28 and a 200 day moving average of $189.96. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $11.30 billion, a price-to-earnings ratio of 37.72, a price-to-earnings-growth ratio of 0.74 and a beta of 1.59. Sanmina Corporation has a 52 week low of $108.36 and a 52 week high of $288.68.

Sanmina (NASDAQ:SANM – Get Free Report) last announced its earnings results 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. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The business had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter last year, the firm earned $1.53 EPS. The business’s revenue for the quarter was up 69.7% on a year-over-year basis. 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, sell-side analysts predict that Sanmina Corporation will post 10.41 earnings per share for the current fiscal year.

About Sanmina

(Free Report)

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.

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