VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Sanmina Corporation $SANM

by · The Cerbat Gem

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Sanmina Corporation (NASDAQ:SANM – Free Report) in the 2nd quarter, Holdings Channel reports. The firm bought 11,850 shares of the electronics maker’s stock, valued at approximately $2,999,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Danske Bank A S bought a new stake in Sanmina during the second quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Sanmina in the 3rd quarter valued at about $26,000. Keating Financial Advisory Services Inc. bought a new position in shares of Sanmina in the 2nd quarter valued at about $31,000. N.E.W. Advisory Services LLC acquired a new position in shares of Sanmina during the 2nd quarter worth about $36,000. Finally, Employees Retirement System of Texas acquired a new position in shares of Sanmina during the 4th quarter worth about $39,000. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SANM shares. Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. dropped their price objective on Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. Finally, Weiss Ratings raised Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.33.

Read Our Latest Research Report on SANM

Sanmina Stock Performance

Shares of SANM stock opened at $203.31 on Friday. Sanmina Corporation has a 52 week low of $110.44 and a 52 week high of $288.68. The company has a market capitalization of $10.90 billion, a price-to-earnings ratio of 36.37, a PEG ratio of 0.72 and a beta of 1.60. The company has a 50-day simple moving average of $200.88 and a 200 day simple moving average of $196.52. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.06 and a current ratio of 1.78.

Sanmina (NASDAQ:SANM – Get Free Report) last released its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.54. The firm had revenue of $3.46 billion for 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 business’s revenue was up 69.7% on a year-over-year basis. During the same period in the prior 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. On average, sell-side analysts predict that Sanmina Corporation will post 10.41 earnings per share for the current year.

Sanmina Profile

(Free Report)

Sanmina Corporation (NASDAQ: SANM) is a global provider of integrated manufacturing, engineering and supply chain services for original equipment manufacturers. The company designs, builds and supports complex electronic and mechanical products, helping customers manage product development, production, logistics and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, electromechanical manufacturing, precision machining, enclosures, optical and radio-frequency components, testing, repair and product fulfillment.

Further Reading

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