Louisiana State Employees Retirement System Buys Shares of 24,200 Sanmina Corporation $SANM

Louisiana State Employees Retirement System purchased a new position in shares of Sanmina Corporation (NASDAQ:SANM) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 24,200 shares of the electronics maker’s stock, valued at approximately $3,137,000.

A number of other institutional investors have also recently made changes to their positions in the business. Invesco Ltd. increased its position in shares of Sanmina by 74.6% in the 3rd quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker’s stock valued at $251,590,000 after purchasing an additional 933,974 shares during the last quarter. Norges Bank acquired a new position in shares of Sanmina in the 4th quarter valued at $101,751,000. Fisher Asset Management LLC increased its stake in Sanmina by 289.6% in the fourth quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker’s stock valued at $97,571,000 after purchasing an additional 483,312 shares during the period. Marshall Wace LLP raised its stake in Sanmina by 520.3% during the 4th quarter. Marshall Wace LLP now owns 428,519 shares of the electronics maker’s stock valued at $64,308,000 after acquiring an additional 359,441 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Sanmina during the fourth quarter worth approximately $53,430,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Analyst Upgrades and Downgrades

SANM has been the subject of several recent analyst reports. Susquehanna started coverage on Sanmina in a report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price target for the company. Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Weiss Ratings upgraded shares of Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Sanmina in a research report on Monday, March 30th. They set a “neutral” rating and a $145.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

Sanmina Stock Performance

Sanmina stock opened at $236.55 on Monday. The firm has a market capitalization of $12.68 billion, a P/E ratio of 50.01, a PEG ratio of 0.91 and a beta of 1.54. Sanmina Corporation has a 52 week low of $95.49 and a 52 week high of $288.68. The company has a current ratio of 1.71, a quick ratio of 1.03 and a debt-to-equity ratio of 0.77. The stock has a fifty day moving average price of $234.54 and a 200 day moving average price of $178.53.

Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.74. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the firm earned $1.16 earnings per share. The firm’s revenue for the quarter was up 102.3% compared to the same quarter last year. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. Equities research analysts anticipate that Sanmina Corporation will post 9.36 earnings per share for the current year.

Insider Transactions at Sanmina

In other news, EVP Alan Mcwilliams Reid sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $218.17, for a total value of $218,170.00. Following the completion of the sale, the executive vice president directly owned 31,481 shares in the company, valued at approximately $6,868,209.77. The trade was a 3.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David V. Hedley III sold 500 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $219.52, for a total value of $109,760.00. Following the sale, the director directly owned 7,376 shares in the company, valued at approximately $1,619,179.52. This represents a 6.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 156,509 shares of company stock valued at $35,699,476 in the last three months. 3.10% of the stock is currently owned by company 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.