California State Teachers Retirement System Acquires 15,165,342 Shares of Sanmina Corporation $SANM

Key Points

• California State Teachers Retirement System increased its Sanmina stake by 23,789.9% in the second quarter, acquiring 15.17 million shares and bringing its ownership to about 28.41%, valued at $3.85 billion.
• Sanmina reported a strong quarter, with EPS of $3.31 versus the $2.77 consensus estimate and revenue of $3.46 billion. Revenue rose 69.7% year over year.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average price target of $198.33; however, JPMorgan maintained a neutral rating and lowered its target to $260.

California State Teachers Retirement System grew its holdings in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 23,789.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,229,089 shares of the electronics maker's stock after purchasing an additional 15,165,342 shares during the quarter. California State Teachers Retirement System owned about 28.41% of Sanmina worth $3,854,178,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. ANB Bank boosted its holdings in Sanmina by 3.2% in the first 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 lifted its position in shares of Sanmina by 5.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,048 shares of the electronics maker's stock worth $136,000 after buying an additional 54 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Sanmina by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker's stock worth $562,000 after buying an additional 69 shares during the last quarter. Vise Technologies Inc. boosted its stake in shares of Sanmina by 2.0% during the 3rd quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker's stock worth $417,000 after acquiring an additional 71 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of Sanmina by 3.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,274 shares of the electronics maker's stock worth $295,000 after acquiring an additional 75 shares in the last quarter. Institutional investors own 92.71% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Zacks Research raised Sanmina from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. decreased their target price on Sanmina from $275.00 to $260.00 and set a "neutral" rating for the company in a research report on Tuesday, July 28th. Wall Street Zen upgraded Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. Finally, Weiss Ratings raised shares of 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 assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Sanmina currently has a consensus rating of "Moderate Buy" and an average price target of $198.33.

Sanmina Price Performance

NASDAQ SANM opened at $203.31 on Friday. The stock has a 50-day simple moving average of $200.88 and a 200 day simple moving average of $196.52. Sanmina Corporation has a twelve month low of $110.44 and a twelve month high of $288.68. The stock has a market capitalization of $10.90 billion, a PE ratio of 36.37, a P/E/G ratio of 0.72 and a beta of 1.60. 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 earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.77 by $0.54. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The company's revenue was up 69.7% on a year-over-year basis. During the same quarter last year, the firm posted $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. Research analysts anticipate that Sanmina Corporation will post 10.41 EPS for the current year.

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.

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