15,700 Shares in Sanmina Corporation $SANM Acquired by Strs Ohio

Key Points

• Strs Ohio has acquired 15,700 shares of Sanmina Corporation, valued at approximately $1.2 million, as of its latest SEC disclosure.
• Recent earnings showed Sanmina beat expectations with an EPS of $1.53 and revenue of $2.04 billion, representing a 10.9% year-over-year increase.
• Currently, 92.71% of Sanmina's stock is owned by hedge funds and institutional investors, signaling strong institutional interest in the company.

Strs Ohio purchased a new position in Sanmina Corporation (NASDAQ:SANM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 15,700 shares of the electronics maker's stock, valued at approximately $1,196,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Intech Investment Management LLC grew its position in Sanmina by 6.3% in the first quarter. Intech Investment Management LLC now owns 57,564 shares of the electronics maker's stock worth $4,385,000 after acquiring an additional 3,403 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Sanmina by 572.5% during the first quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker's stock valued at $6,083,000 after buying an additional 67,973 shares during the period. Bayforest Capital Ltd boosted its position in shares of Sanmina by 228.9% during the first quarter. Bayforest Capital Ltd now owns 3,457 shares of the electronics maker's stock valued at $263,000 after buying an additional 2,406 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Sanmina by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,287 shares of the electronics maker's stock valued at $9,621,000 after buying an additional 12,061 shares during the period. Finally, United Services Automobile Association purchased a new position in shares of Sanmina during the first quarter valued at approximately $256,000. Hedge funds and other institutional investors own 92.71% of the company's stock.

Analysts Set New Price Targets

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

Sanmina Trading Down 0.9%

Shares of NASDAQ SANM traded down $1.07 during trading hours on Friday, reaching $118.30. The stock had a trading volume of 1,074,657 shares, compared to its average volume of 642,470. The company has a current ratio of 1.91, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 1.73 and a beta of 1.21. The business's fifty day moving average price is $113.85 and its two-hundred day moving average price is $93.96. Sanmina Corporation has a 52-week low of $63.67 and a 52-week high of $125.76.

Sanmina (NASDAQ:SANM - Get Free Report) last announced 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 firm had revenue of $2.04 billion during 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 quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 earnings per share. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Analysts expect that Sanmina Corporation will post 5.15 EPS for the current fiscal year.

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.