Teachers Retirement System of The State of Kentucky Buys 12,353 Shares of Sanmina Corporation $SANM

Key Points

• Teachers Retirement System of The State of Kentucky increased its stake by 71.0% in the third quarter, adding 12,353 shares to hold 29,747 shares of Sanmina valued at about $3.42 million (≈0.06% of the company).
• Insiders sold 15,291 shares in the past three months — including CFO Jonathan P. Faust’s sale of 10,075 shares for ~$1.605 million (a 10.37% reduction) — leaving insiders with 3.10% ownership.
• Sanmina beat Q1 expectations with $2.38 EPS (vs. $2.15 est.) and $3.19B revenue (up 59% YoY), issued Q2 2026 EPS guidance of $2.25–2.55, and holds an average analyst rating of Buy with a $160 consensus target.

Teachers Retirement System of The State of Kentucky grew its stake in Sanmina Corporation (NASDAQ:SANM - Free Report) by 71.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,747 shares of the electronics maker's stock after acquiring an additional 12,353 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.06% of Sanmina worth $3,424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Elo Mutual Pension Insurance Co acquired a new stake in shares of Sanmina in the third quarter valued at approximately $1,939,000. Fisher Asset Management LLC acquired a new position in Sanmina during the 3rd quarter worth $19,207,000. Journey Strategic Wealth LLC acquired a new stake in shares of Sanmina in the 3rd quarter valued at $213,000. TIAA Trust National Association increased its stake in shares of Sanmina by 5.7% in the 3rd quarter. TIAA Trust National Association now owns 3,600 shares of the electronics maker's stock valued at $414,000 after buying an additional 195 shares during the period. Finally, Choreo LLC raised its position in shares of Sanmina by 36.4% during the third quarter. Choreo LLC now owns 4,945 shares of the electronics maker's stock worth $569,000 after acquiring an additional 1,319 shares during the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Jonathan P. Faust sold 10,075 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $159.30, for a total transaction of $1,604,947.50. Following the completion of the sale, the chief financial officer directly owned 87,076 shares of the company's stock, valued at approximately $13,871,206.80. This represents a 10.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vishnu Venkatesh sold 692 shares of the firm's stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $149.22, for a total transaction of $103,260.24. Following the sale, the insider owned 23,500 shares in the company, valued at $3,506,670. This trade represents a 2.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 15,291 shares of company stock worth $2,393,988. 3.10% of the stock is owned by company insiders.

Sanmina Trading Up 1.1%

SANM opened at $139.55 on Thursday. The firm's fifty day moving average is $155.48 and its two-hundred day moving average is $143.36. The firm has a market cap of $7.62 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 0.62 and a beta of 1.01. Sanmina Corporation has a twelve month low of $63.67 and a twelve month high of $185.29. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.04 and a current ratio of 1.70.

Sanmina (NASDAQ:SANM - Get Free Report) last released its quarterly earnings data on Monday, January 26th. The electronics maker reported $2.38 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.23. The business had revenue of $3.19 billion during the quarter, compared to analysts' expectations of $3.09 billion. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The firm's quarterly revenue was up 59.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 EPS. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. Equities research analysts anticipate that Sanmina Corporation will post 5.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wall Street Zen cut Sanmina from a "strong-buy" rating to a "buy" rating in a report on Sunday, November 16th. Zacks Research upgraded shares of Sanmina from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 3rd. Finally, Argus lifted their price target on shares of Sanmina to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Sanmina presently has an average rating of "Buy" and a consensus target price of $160.00.

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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