State of Alaska Department of Revenue Acquires 11,739 Shares of Sanmina Corporation $SANM

Key Points

• The State of Alaska Department of Revenue increased its stake in Sanmina Corporation by 13.6%, acquiring an additional 11,739 shares to own a total of 98,254 shares valued at approximately $9.6 million.
• Sanmina reported a quarterly earnings per share of $1.53, surpassing estimates and achieving a revenue of $2.04 billion, which was a 10.9% increase from the previous year.
• Analysts have recently upgraded Sanmina's rating, with Bank of America raising its price target from $100 to $120 and several upgrades to a "strong-buy" rating.

State of Alaska Department of Revenue grew its position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 13.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,254 shares of the electronics maker's stock after acquiring an additional 11,739 shares during the period. State of Alaska Department of Revenue owned about 0.18% of Sanmina worth $9,611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SANM. Northwestern Mutual Wealth Management Co. raised its stake in shares of Sanmina by 265.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker's stock valued at $28,000 after acquiring an additional 265 shares during the last quarter. Banque Transatlantique SA bought a new position in shares of Sanmina during the first quarter valued at about $29,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Sanmina by 200.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 405 shares of the electronics maker's stock valued at $31,000 after acquiring an additional 270 shares during the last quarter. Quarry LP raised its stake in shares of Sanmina by 5,883.3% during the first quarter. Quarry LP now owns 718 shares of the electronics maker's stock valued at $55,000 after acquiring an additional 706 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of Sanmina during the first quarter valued at about $90,000. 92.71% of the stock is owned by institutional investors.

Sanmina Trading Up 0.9%

Shares of NASDAQ SANM opened at $114.11 on Friday. The company has a market cap of $6.08 billion, a PE ratio of 24.43, a P/E/G ratio of 1.67 and a beta of 1.21. The firm's 50 day moving average price is $115.00 and its 200-day moving average price is $95.22. Sanmina Corporation has a 52-week low of $63.67 and a 52-week high of $125.76. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.91.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its quarterly earnings data 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 net margin of 3.22% and a return on equity of 11.30%. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The firm'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. On average, equities research analysts expect that Sanmina Corporation will post 5.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SANM shares. Bank of America upped their price objective on shares of Sanmina from $100.00 to $120.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. Wall Street Zen upgraded shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 30th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $94.50.

About Sanmina

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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