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

New Mexico Educational Retirement Board bought a new position in shares of Sanmina Corporation (NASDAQ:SANM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,100 shares of the electronics maker’s stock, valued at approximately $2,809,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SANM. ANB Bank lifted its holdings in Sanmina by 3.2% in the 1st quarter. ANB Bank now owns 1,645 shares of the electronics maker’s stock worth $213,000 after purchasing an additional 51 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Sanmina by 5.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,048 shares of the electronics maker’s stock valued at $136,000 after buying an additional 54 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Sanmina by 1.6% during the first quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker’s stock valued at $562,000 after buying an additional 69 shares during the last quarter. Vise Technologies Inc. raised its position in shares of Sanmina by 2.0% during the third quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker’s stock valued at $417,000 after buying an additional 71 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in shares of 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 buying an additional 75 shares in the last quarter. Institutional investors own 92.71% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sanmina Stock Down 4.6%

Shares of SANM opened at $194.01 on Friday. The stock has a market capitalization of $10.40 billion, a price-to-earnings ratio of 34.71, a price-to-earnings-growth ratio of 0.68 and a beta of 1.59. Sanmina Corporation has a 1 year low of $110.44 and a 1 year high of $288.68. The business’s 50 day simple moving average is $209.27 and its 200-day simple moving average is $193.02. 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 posted its earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.54. The firm had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. Sanmina’s revenue for the quarter was up 69.7% compared to the same quarter last year. During the same period last year, the firm posted $1.53 earnings per share. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. As a group, equities analysts expect that Sanmina Corporation will post 10.41 earnings per share for the current fiscal year.

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.