VIRGINIA RETIREMENT SYSTEMS ET Al Invests $3 Million in Sanmina Corporation $SANM

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Sanmina Corporation (NASDAQ:SANM) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 11,850 shares of the electronics maker’s stock, valued at approximately $2,999,000.

A number of other large investors have also bought and sold shares of SANM. Danske Bank A S acquired a new stake in Sanmina during the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Sanmina in the third quarter valued at approximately $26,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Sanmina during the second quarter worth $31,000. N.E.W. Advisory Services LLC bought a new stake in shares of Sanmina during the second quarter worth $36,000. Finally, Employees Retirement System of Texas acquired a new stake in shares of Sanmina during the fourth quarter worth $39,000. 92.71% of the stock is owned by institutional investors.

Sanmina Stock Performance

Shares of SANM opened at $203.31 on Friday. The stock 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. Sanmina Corporation has a 12 month low of $110.44 and a 12 month high of $288.68. The firm has a fifty day simple moving average of $200.88 and a 200 day simple moving average of $196.52. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.71.

Sanmina (NASDAQ:SANM) last issued its quarterly 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 net margin of 2.41% and a return on equity of 19.08%. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same period in the previous year, the business earned $1.53 EPS. The company’s revenue was up 69.7% compared to the same quarter last year. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Research analysts forecast that Sanmina Corporation will post 10.41 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Sanmina Company Profile

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.