Fifth Third Wealth Advisors LLC purchased a new stake in Sanmina Corporation (NASDAQ:SANM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,150 shares of the electronics maker's stock, valued at approximately $210,000.
Several other large investors have also modified their holdings of SANM. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Sanmina by 265.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker's stock valued at $28,000 after purchasing an additional 265 shares during the last quarter. Banque Transatlantique SA acquired a new position in shares of Sanmina in the 1st quarter valued at $29,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Sanmina by 200.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 405 shares of the electronics maker's stock valued at $31,000 after purchasing an additional 270 shares during the last quarter. Quarry LP lifted its stake in shares of Sanmina by 5,883.3% in the 1st quarter. Quarry LP now owns 718 shares of the electronics maker's stock valued at $55,000 after purchasing an additional 706 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Sanmina in the 1st quarter valued at $90,000. Institutional investors and hedge funds own 92.71% of the company's stock.
Sanmina Price Performance
SANM stock opened at $125.51 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.21. The firm has a market capitalization of $6.69 billion, a P/E ratio of 26.88, a P/E/G ratio of 1.30 and a beta of 1.19. The business's 50-day moving average is $118.76 and its two-hundred day moving average is $99.06. Sanmina Corporation has a 1 year low of $63.67 and a 1 year high of $160.25.
Sanmina (NASDAQ:SANM - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.11. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.98 billion. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.Sanmina's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 EPS. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Analysts anticipate that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have recently commented on SANM. Wall Street Zen lowered Sanmina from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Weiss Ratings reissued a "buy (b)" rating on shares of Sanmina in a research note on Wednesday, October 8th. Finally, Bank of America increased their target price on Sanmina from $100.00 to $120.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $94.50.
View Our Latest Stock Analysis on Sanmina
Sanmina Company Profile
(
Free Report)
Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.
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