Illinois Municipal Retirement Fund Acquires 7,305 Shares of Sanmina Corporation $SANM

Illinois Municipal Retirement Fund raised its stake in shares of Sanmina Corporation (NASDAQ:SANM) by 27.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 33,979 shares of the electronics maker’s stock after purchasing an additional 7,305 shares during the period. Illinois Municipal Retirement Fund’s holdings in Sanmina were worth $4,405,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Sanmina by 21,174.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,529 shares of the electronics maker’s stock worth $3,831,000 after purchasing an additional 25,409 shares in the last quarter. Geode Capital Management LLC increased its position in Sanmina by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker’s stock worth $244,500,000 after purchasing an additional 58,529 shares during the last quarter. Legato Capital Management LLC bought a new stake in shares of Sanmina in the 4th quarter worth about $1,233,000. Fisher Asset Management LLC increased its stake in Sanmina by 289.6% during the fourth quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker’s stock worth $97,571,000 after acquiring an additional 483,312 shares during the last quarter. Finally, UBS Group AG increased its position in shares of Sanmina by 55.8% during the 4th quarter. UBS Group AG now owns 178,669 shares of the electronics maker’s stock valued at $26,813,000 after purchasing an additional 63,980 shares during the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sanmina

In related news, Director Joseph G. Licata, Jr. sold 26,565 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $211.03, for a total value of $5,606,011.95. Following the sale, the director owned 27,809 shares in the company, valued at $5,868,533.27. This represents a 48.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jonathan P. Faust sold 10,076 shares of the company’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 sale, the chief financial officer directly owned 77,000 shares in the company, valued at $20,466,600. This trade represents a 11.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 156,509 shares of company stock valued at $35,699,476. Company insiders own 3.10% of the company’s stock.

Sanmina Price Performance

Shares of SANM stock opened at $197.24 on Friday. Sanmina Corporation has a fifty-two week low of $95.49 and a fifty-two week high of $288.68. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.03 and a current ratio of 1.71. The firm has a market capitalization of $10.57 billion, a price-to-earnings ratio of 41.70, a PEG ratio of 0.76 and a beta of 1.56. The stock’s 50-day simple moving average is $239.12 and its 200-day simple moving average is $184.67.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. began coverage on shares of Sanmina in a research report on Monday, March 30th. They issued a “neutral” rating and a $145.00 price objective on the stock. Zacks Research downgraded Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Susquehanna started coverage on shares of Sanmina in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price objective for the company. Wall Street Zen lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings upgraded Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” 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.