Sanmina Corporation $SANM Shares Acquired by New York State Teachers Retirement System

Key Points

• The New York State Teachers Retirement System increased its stake in Sanmina Corporation by 15.5%, owning 37,766 shares valued at approximately $3.7 million.
• Analysts have recently upgraded Sanmina's stock, with Bank of America raising its price target from $100 to $120, while Wall Street Zen upgraded it to a "strong-buy" rating.
• Sanmina reported a 10.9% increase in revenue year-over-year, with earnings per share of $1.53 surpassing estimates of $1.42 for their latest quarter.

New York State Teachers Retirement System lifted its stake in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 15.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,766 shares of the electronics maker's stock after purchasing an additional 5,066 shares during the period. New York State Teachers Retirement System owned 0.07% of Sanmina worth $3,695,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SANM. GAMMA Investing LLC lifted its holdings in Sanmina by 34.1% in the first quarter. GAMMA Investing LLC now owns 1,720 shares of the electronics maker's stock valued at $131,000 after acquiring an additional 437 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Sanmina by 10.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,210 shares of the electronics maker's stock valued at $397,000 after acquiring an additional 476 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Sanmina by 87.4% in the first quarter. Janney Montgomery Scott LLC now owns 10,311 shares of the electronics maker's stock valued at $785,000 after acquiring an additional 4,810 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Sanmina by 4.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 37,081 shares of the electronics maker's stock valued at $2,825,000 after acquiring an additional 1,508 shares during the last quarter. Finally, Moran Wealth Management LLC acquired a new position in Sanmina in the first quarter valued at approximately $2,185,000. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SANM has been the topic of a number of recent analyst reports. Bank of America upped their price objective on Sanmina from $100.00 to $120.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Wall Street Zen upgraded Sanmina from a "buy" rating to a "strong-buy" rating in a report on Sunday. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Sanmina in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $94.50.

Sanmina Stock Up 2.6%

Sanmina stock opened at $132.67 on Tuesday. Sanmina Corporation has a twelve month low of $63.67 and a twelve month high of $160.25. The stock's fifty day simple moving average is $119.76 and its 200-day simple moving average is $100.87. The company has a current ratio of 1.91, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $7.07 billion, a P/E ratio of 28.41, a P/E/G ratio of 1.34 and a beta of 1.19.

Sanmina (NASDAQ:SANM - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The electronics maker reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.11. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the company earned $1.25 earnings per share. The company's revenue was up 10.9% on a year-over-year basis. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. As a group, equities analysts expect that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

Sanmina Company Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.

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