Public Employees Retirement System of Ohio Acquires New Holdings in Sanmina Corporation $SANM

Key Points

• Ohio’s public employees’ retirement system purchased 15,735 Sanmina shares worth approximately $3.98 million during the second quarter. Institutional investors collectively own 92.71% of the company, with BlackRock also initiating a major position.
• Sanmina reported strong quarterly results, including earnings per share of $3.31 versus the $2.77 consensus estimate and $3.46 billion in revenue, up 69.7% year over year.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and a $198.33 price target, although JPMorgan lowered its target to $260 and maintained a neutral rating.

Public Employees Retirement System of Ohio purchased a new stake in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 15,735 shares of the electronics maker's stock, valued at approximately $3,982,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Sanmina during the 2nd quarter valued at $1,390,702,000. Invesco Ltd. increased its holdings in Sanmina by 74.6% in the 3rd quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker's stock worth $251,590,000 after acquiring an additional 933,974 shares in the last quarter. Bank of America Corp DE bought a new stake in Sanmina during the 2nd quarter worth approximately $189,012,000. Norges Bank purchased a new position in Sanmina during the fourth quarter valued at approximately $101,751,000. Finally, Fisher Asset Management LLC boosted its position in shares of Sanmina by 289.6% in the fourth quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker's stock worth $97,571,000 after purchasing an additional 483,312 shares during the period. Hedge funds and other institutional investors own 92.71% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. Weiss Ratings lowered Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 18th. JPMorgan Chase & Co. lowered their price objective on Sanmina from $275.00 to $260.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 28th. Finally, Zacks Research upgraded Sanmina from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. One 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $198.33.

Sanmina Trading Up 4.3%

Shares of SANM stock opened at $195.69 on Friday. The company has a market cap of $10.49 billion, a PE ratio of 35.01, a price-to-earnings-growth ratio of 0.66 and a beta of 1.60. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.78 and a quick ratio of 1.06. The stock's 50 day simple moving average is $204.56 and its two-hundred day simple moving average is $194.59. Sanmina Corporation has a 1 year low of $110.44 and a 1 year high of $288.68.

Sanmina (NASDAQ:SANM - Get Free Report) last released its quarterly earnings results 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. The company 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%.Sanmina's quarterly revenue was up 69.7% compared to the same quarter last year. During the same quarter in the prior 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 predict that Sanmina Corporation will post 10.41 earnings per share for the current year.

Sanmina Company Profile

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.

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