Sequoia Financial Advisors LLC Buys New Position in Sanmina Corporation $SANM

Key Points

• Sequoia Financial Advisors LLC has purchased a new position in Sanmina Corporation, acquiring 2,392 shares valued at roughly $234,000 during the second quarter.
• Sanmina recently reported earnings of $1.53 per share for the last quarter, exceeding analysts' expectations by 11 cents, with a total revenue of $2.04 billion.
• Several investment firms have significantly increased their stakes in Sanmina, with hedge funds now holding approximately 92.71% of the company's stock.

Sequoia Financial Advisors LLC acquired a new position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,392 shares of the electronics maker's stock, valued at approximately $234,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in Sanmina by 265.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker's stock worth $28,000 after purchasing an additional 265 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Sanmina by 200.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 405 shares of the electronics maker's stock worth $31,000 after purchasing an additional 270 shares during the last quarter. Banque Transatlantique SA purchased a new stake in Sanmina during the 1st quarter worth approximately $29,000. Quarry LP increased its holdings in Sanmina by 5,883.3% during the 1st quarter. Quarry LP now owns 718 shares of the electronics maker's stock worth $55,000 after purchasing an additional 706 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Sanmina during the 1st quarter worth approximately $90,000. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Sanmina Trading Up 4.4%

NASDAQ:SANM opened at $132.79 on Friday. Sanmina Corporation has a 12-month low of $63.67 and a 12-month high of $160.25. The firm has a market capitalization of $7.08 billion, a P/E ratio of 28.43, a P/E/G ratio of 1.32 and a beta of 1.19. 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 business has a 50 day simple moving average of $120.33 and a 200 day simple moving average of $101.68.

Sanmina (NASDAQ:SANM - Get Free Report) last released its quarterly earnings data 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. 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 in the previous year, the firm posted $1.25 EPS. The business's revenue for the quarter was up 10.9% compared to the same quarter last year. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Equities research analysts predict that Sanmina Corporation will post 5.15 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded Sanmina from a "buy" rating to a "strong-buy" rating in a report on Sunday, October 19th. Weiss Ratings restated a "buy (b)" rating on shares of Sanmina in a report on Wednesday, October 8th. Finally, Bank of America lifted their price objective on Sanmina from $100.00 to $120.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus 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.

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