Chase Investment Counsel Corp Raises Position in Sanmina Corporation $SANM

Chase Investment Counsel Corp grew its holdings in shares of Sanmina Corporation (NASDAQ:SANM) by 8.7% in the first quarter, HoldingsChannel reports. The fund owned 28,948 shares of the electronics maker’s stock after purchasing an additional 2,327 shares during the quarter. Chase Investment Counsel Corp’s holdings in Sanmina were worth $3,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of SANM. Caitong International Asset Management Co. Ltd purchased a new position in Sanmina during the third quarter valued at $26,000. Employees Retirement System of Texas bought a new stake in Sanmina during the fourth quarter valued at about $39,000. Northwestern Mutual Wealth Management Co. increased its position in Sanmina by 182.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock worth $51,000 after buying an additional 219 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Sanmina by 235.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock worth $55,000 after buying an additional 259 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in Sanmina in the fourth quarter worth about $60,000. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SANM has been the topic of a number of analyst reports. Zacks Research cut Sanmina from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings upgraded Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. started coverage on shares of Sanmina in a report on Monday, March 30th. They issued a “neutral” rating and a $145.00 target price for the company. Wall Street Zen cut shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Susquehanna assumed coverage on shares of Sanmina in a report on Wednesday, April 1st. They set a “neutral” rating and a $135.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Sanmina currently has a consensus rating of “Hold” and an average price target of $160.00.

Insider Buying and Selling at Sanmina

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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jonathan P. Faust sold 10,076 shares of Sanmina stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $265.80, for a total value 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. Over the last three months, insiders have sold 156,509 shares of company stock worth $35,699,476. Insiders own 3.10% of the company’s stock.

Sanmina Price Performance

SANM stock opened at $219.41 on Wednesday. Sanmina Corporation has a one year low of $95.49 and a one year high of $288.68. The company’s fifty day moving average price is $237.92 and its 200-day moving average price is $185.73. 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 company has a market capitalization of $11.76 billion, a PE ratio of 46.39, a price-to-earnings-growth ratio of 0.77 and a beta of 1.56.

Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter was up 102.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.16 earnings per share. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. On average, equities analysts anticipate that Sanmina Corporation will post 9.36 EPS for the current fiscal year.

About Sanmina

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.