California State Teachers Retirement System Lowers Stock Holdings in Sanmina Corporation $SANM

California State Teachers Retirement System decreased its position in Sanmina Corporation (NASDAQ:SANM - Free Report) by 5.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,175 shares of the electronics maker's stock after selling 3,572 shares during the quarter. California State Teachers Retirement System owned 0.11% of Sanmina worth $15,229,089 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in Sanmina by 21,174.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,529 shares of the electronics maker's stock worth $3,831,000 after purchasing an additional 25,409 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Sanmina by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker's stock valued at $244,500,000 after acquiring an additional 58,529 shares during the period. Legato Capital Management LLC acquired a new stake in shares of Sanmina during the fourth quarter worth $1,233,000. Fisher Asset Management LLC increased its position in shares of Sanmina by 289.6% during the 4th 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. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Sanmina by 57.5% in the first 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 in the last quarter. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SANM. Weiss Ratings upgraded shares of Sanmina from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, September 3rd. Zacks Research raised Sanmina from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. cut their target price 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, Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Sanmina has a consensus rating of "Moderate Buy" and a consensus target price of $198.33.

Sanmina Stock Down 2.9%

NASDAQ SANM traded down $5.67 during trading hours on Tuesday, hitting $190.37. The company had a trading volume of 158,645 shares, compared to its average volume of 894,013. The company has a market capitalization of $10.20 billion, a price-to-earnings ratio of 34.14, a P/E/G ratio of 0.76 and a beta of 1.60. Sanmina Corporation has a fifty-two week low of $110.44 and a fifty-two week high of $288.68. The firm's 50 day moving average is $200.37 and its 200 day moving average is $197.27. 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 - Get Free Report) last released its quarterly earnings data 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. 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 quarter in the prior year, the business earned $1.53 EPS. The company's revenue for the quarter 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. Sell-side analysts anticipate that Sanmina Corporation will post 10.41 earnings per share for the current fiscal year.

About Sanmina

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.

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