Vestcor Inc Acquires 4,184 Shares of Sanmina Corporation $SANM

Vestcor Inc raised its holdings in Sanmina Corporation (NASDAQ:SANM) by 40.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,451 shares of the electronics maker’s stock after purchasing an additional 4,184 shares during the period. Vestcor Inc’s holdings in Sanmina were worth $2,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vise Technologies Inc. increased its holdings in Sanmina by 65.6% in the 4th quarter. Vise Technologies Inc. now owns 6,003 shares of the electronics maker’s stock valued at $901,000 after buying an additional 2,378 shares during the period. Kesler Norman & Wride LLC increased its holdings in Sanmina by 8.1% in the 4th quarter. Kesler Norman & Wride LLC now owns 11,121 shares of the electronics maker’s stock valued at $1,669,000 after buying an additional 833 shares during the period. Natixis Advisors LLC increased its holdings in Sanmina by 1.5% in the 4th quarter. Natixis Advisors LLC now owns 116,134 shares of the electronics maker’s stock valued at $17,428,000 after buying an additional 1,752 shares during the period. Norges Bank bought a new stake in Sanmina in the 4th quarter valued at $101,751,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Sanmina by 182.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock valued at $51,000 after buying an additional 219 shares during the period. Institutional investors own 92.71% of the company’s stock.

Insider Activity

In other Sanmina news, Director David V. Hedley III sold 500 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $219.52, for a total transaction of $109,760.00. Following the sale, the director owned 7,376 shares of the company’s stock, valued at $1,619,179.52. This represents a 6.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jonathan P. Faust sold 10,076 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the sale, the chief financial officer directly owned 77,000 shares in the company, valued at approximately $20,466,600. This represents a 11.57% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 156,509 shares of company stock worth $35,699,476. 3.10% of the stock is currently owned by insiders.

Sanmina Price Performance

SANM opened at $252.08 on Monday. The firm’s 50-day simple moving average is $201.68 and its 200-day simple moving average is $168.81. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.03 and a current ratio of 1.71. Sanmina Corporation has a twelve month low of $85.66 and a twelve month high of $288.68. The firm has a market cap of $13.51 billion, a price-to-earnings ratio of 53.29, a PEG ratio of 0.97 and a beta of 1.54.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.74. Sanmina had a net margin of 2.29% and a return on equity of 16.23%. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. The firm’s quarterly revenue was up 102.3% compared to the same quarter last year. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. Equities research analysts anticipate that Sanmina Corporation will post 9.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on SANM shares. Susquehanna started coverage on shares of Sanmina in a report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price target on the stock. Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Weiss Ratings raised shares of Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, JPMorgan Chase & Co. initiated coverage on shares of Sanmina in a report on Monday, March 30th. They issued a “neutral” rating and a $145.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $150.00.

Sanmina 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.