Chase Investment Counsel Corp Buys New Position in Sanmina Corporation $SANM

Chase Investment Counsel Corp purchased a new stake in Sanmina Corporation (NASDAQ:SANM) in the second quarter, HoldingsChannel.com reports. The firm purchased 28,628 shares of the electronics maker’s stock, valued at approximately $7,245,000. Sanmina makes up about 1.5% of Chase Investment Counsel Corp’s portfolio, making the stock its 26th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the business. N.E.W. Advisory Services LLC acquired a new position in shares of Sanmina during the second quarter valued at about $36,000. Global Retirement Partners LLC acquired a new stake in Sanmina in the 2nd quarter worth approximately $50,000. Caitong International Asset Management Co. Ltd purchased a new stake in Sanmina during the 3rd quarter worth approximately $26,000. Employees Retirement System of Texas purchased a new stake in Sanmina during the 4th quarter worth approximately $39,000. Finally, CoreCap Advisors LLC acquired a new position in Sanmina during the 2nd quarter valued at approximately $76,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Analysts Set New Price Targets

SANM has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 15th. Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. cut their target price 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, Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $198.33.

Insider Transactions at Sanmina

In related news, CFO Jonathan P. Faust sold 10,076 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the completion of the transaction, the chief financial officer directly owned 77,000 shares in the company, valued at $20,466,600. The trade was a 11.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is owned by corporate insiders.

Sanmina Price Performance

Shares of NASDAQ:SANM opened at $210.84 on Monday. Sanmina Corporation has a twelve month low of $108.36 and a twelve month high of $288.68. The company’s 50 day moving average is $219.28 and its 200 day moving average is $189.96. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.71. The company has a market cap of $11.30 billion, a PE ratio of 37.72, a price-to-earnings-growth ratio of 0.74 and a beta of 1.59.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, beating the consensus estimate of $2.77 by $0.54. The business had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The business’s quarterly revenue was up 69.7% compared to the same quarter last year. During the same period in the previous year, the business 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. On average, sell-side analysts forecast that Sanmina Corporation will post 10.41 EPS 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.