Chase Investment Counsel Corp Grows Stock Holdings in Sanmina Corporation $SANM

Chase Investment Counsel Corp lifted its stake in Sanmina Corporation (NASDAQ:SANM) by 8.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,948 shares of the electronics maker’s stock after purchasing an additional 2,327 shares during the quarter. Chase Investment Counsel Corp owned about 0.05% of Sanmina worth $3,752,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Amundi bought a new position in Sanmina during the 1st quarter valued at approximately $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Sanmina by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,968 shares of the electronics maker’s stock worth $2,435,000 after acquiring an additional 1,387 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of Sanmina in the first quarter worth $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Sanmina by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,287 shares of the electronics maker’s stock valued at $9,621,000 after acquiring an additional 12,061 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Sanmina by 572.5% during the first quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker’s stock valued at $6,083,000 after acquiring an additional 67,973 shares in the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Sanmina Stock Up 8.7%

SANM opened at $219.41 on Wednesday. The stock has a market capitalization of $11.76 billion, a price-to-earnings ratio of 46.39, a PEG ratio of 0.77 and a beta of 1.56. The firm has a 50 day moving average price of $237.92 and a 200-day moving average price of $185.73. Sanmina Corporation has a twelve month low of $95.49 and a twelve month high of $288.68. The company has a quick ratio of 1.03, a current ratio of 1.71 and a debt-to-equity ratio of 0.77.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.74. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The company’s revenue was up 102.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Equities research analysts forecast that Sanmina Corporation will post 9.36 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Sanmina news, EVP Alan Mcwilliams Reid sold 1,000 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $218.17, for a total value of $218,170.00. Following the transaction, the executive vice president owned 31,481 shares of the company’s stock, valued at approximately $6,868,209.77. This represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jure Sola sold 118,368 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $228.84, for a total value of $27,087,333.12. Following the sale, the chief executive officer owned 1,227,573 shares of the company’s stock, valued at approximately $280,917,805.32. This represents a 8.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 156,509 shares of company stock valued at $35,699,476 in the last 90 days. Insiders own 3.10% of the company’s stock.

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.