Sanders Morris Harris LLC Makes New $293,000 Investment in Sanmina Corporation $SANM

Key Points

• Sanders Morris Harris LLC invested approximately $293,000 in Sanmina Corporation, acquiring 3,000 shares during the second quarter.
• Analysts have shown optimism, with Bank of America raising its price target on Sanmina from $100 to $120, and Weiss Ratings issuing a "buy (b)" rating.
• Sanmina reported a quarterly earnings beat with $1.53 EPS, exceeding estimates, while revenue increased by 10.9% year-over-year to $2.04 billion.

Sanders Morris Harris LLC bought a new position in Sanmina Corporation (NASDAQ:SANM - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,000 shares of the electronics maker's stock, valued at approximately $293,000.

Several other large investors have also recently added to or reduced their stakes in SANM. GAMMA Investing LLC increased its position in Sanmina by 34.1% in the first quarter. GAMMA Investing LLC now owns 1,720 shares of the electronics maker's stock worth $131,000 after buying an additional 437 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Sanmina by 10.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,210 shares of the electronics maker's stock valued at $397,000 after purchasing an additional 476 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Sanmina by 87.4% during the first quarter. Janney Montgomery Scott LLC now owns 10,311 shares of the electronics maker's stock valued at $785,000 after purchasing an additional 4,810 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Sanmina by 4.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 37,081 shares of the electronics maker's stock valued at $2,825,000 after purchasing an additional 1,508 shares during the period. Finally, Moran Wealth Management LLC acquired a new position in shares of Sanmina during the first quarter valued at $2,185,000. 92.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Bank of America raised their price target on Sanmina from $100.00 to $120.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Weiss Ratings reissued a "buy (b)" rating on shares of Sanmina in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Sanmina from a "buy" rating to a "strong-buy" rating in a report on Sunday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $94.50.

Sanmina Trading Up 2.6%

NASDAQ:SANM opened at $132.67 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.91 and a debt-to-equity ratio of 0.12. Sanmina Corporation has a 1-year low of $63.67 and a 1-year high of $160.25. The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 1.34 and a beta of 1.19. The stock has a fifty day simple moving average of $119.76 and a 200 day simple moving average of $100.87.

Sanmina (NASDAQ:SANM - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.11. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the company posted $1.25 EPS. Sanmina's revenue for the quarter was up 10.9% on a year-over-year basis. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Sell-side analysts forecast that Sanmina Corporation will post 5.15 earnings per share for the current year.

Sanmina Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.