State of Wyoming Increases Stock Position in Sanmina Corporation $SANM

Key Points

• State of Wyoming significantly increased its stake in Sanmina Corporation by 305.1% in the first quarter, now owning 2,990 shares valued at approximately $228,000.
• Sanmina's earnings report revealed an EPS of $1.53, exceeding expectations, with a notable 10.9% revenue increase year-over-year, amounting to $2.04 billion.
• Analysts have recently upgraded Sanmina's ratings, with Wall Street Zen issuing a "strong-buy" rating and Bank of America raising the price target to $120.00.

State of Wyoming raised its holdings in Sanmina Corporation (NASDAQ:SANM - Free Report) by 305.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,990 shares of the electronics maker's stock after purchasing an additional 2,252 shares during the period. State of Wyoming's holdings in Sanmina were worth $228,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Ieq Capital LLC acquired a new position in shares of Sanmina in the first quarter worth about $231,000. Aristides Capital LLC acquired a new stake in Sanmina during the 1st quarter valued at $257,000. Caisse DE Depot ET Placement DU Quebec bought a new position in Sanmina in the first quarter valued at about $1,615,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Sanmina by 265.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker's stock worth $28,000 after acquiring an additional 265 shares during the period. Finally, Capital Fund Management S.A. purchased a new stake in Sanmina in the 1st quarter valued at $2,850,000. 92.71% of the stock is currently owned by institutional investors.

Sanmina Stock Down 0.6%

Sanmina stock traded down $0.77 during midday trading on Monday, hitting $120.16. 170,403 shares of the stock were exchanged, compared to its average volume of 516,851. The company has a 50 day moving average price of $110.51 and a two-hundred day moving average price of $91.32. The firm has a market cap of $6.40 billion, a P/E ratio of 25.81, a P/E/G ratio of 1.77 and a beta of 1.21. Sanmina Corporation has a 1 year low of $62.76 and a 1 year high of $125.76. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.21.

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

Wall Street Analyst Weigh In

SANM has been the topic of a number of analyst reports. Wall Street Zen raised Sanmina from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 30th. Bank of America upped their price objective on Sanmina from $100.00 to $120.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $94.50.

Sanmina 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.