Short Interest in Sanmina Corporation (NASDAQ:SANM) Increases By 36.6%

Key Points

• Short interest in Sanmina Corporation increased by 36.6% in July, totaling 3,100,000 shares, with a days-to-cover ratio of 4.9 days.
• Sanmina reported earnings of $1.53 per share for the last quarter, exceeding analysts' estimates, and showed a 10.9% growth in revenue year-over-year.
• Institutional investors hold approximately 92.71% of Sanmina's shares, indicating strong institutional interest in the company.

Sanmina Corporation (NASDAQ:SANM - Get Free Report) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 3,100,000 shares, anincreaseof36.6% from the July 15th total of 2,270,000 shares. Based on an average daily trading volume, of 631,800 shares, the days-to-cover ratio is presently 4.9 days. Approximately6.0% of the company's shares are short sold. Approximately6.0% of the company's shares are short sold. Based on an average daily trading volume, of 631,800 shares, the days-to-cover ratio is presently 4.9 days.

Institutional Trading of Sanmina

Several institutional investors have recently modified their holdings of the business. TD Waterhouse Canada Inc. grew its stake in shares of Sanmina by 27.2% in the second quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker's stock worth $39,000 after purchasing an additional 85 shares during the last quarter. Bank of Montreal Can lifted its holdings in Sanmina by 1.5% in the second quarter. Bank of Montreal Can now owns 8,814 shares of the electronics maker's stock valued at $862,000 after buying an additional 128 shares during the period. Moloney Securities Asset Management LLC lifted its holdings in Sanmina by 3.9% in the second quarter. Moloney Securities Asset Management LLC now owns 3,668 shares of the electronics maker's stock valued at $359,000 after buying an additional 138 shares during the period. XTX Topco Ltd lifted its holdings in Sanmina by 1.2% in the first quarter. XTX Topco Ltd now owns 11,886 shares of the electronics maker's stock valued at $905,000 after buying an additional 140 shares during the period. Finally, Mariner LLC lifted its holdings in Sanmina by 3.5% in the fourth quarter. Mariner LLC now owns 4,510 shares of the electronics maker's stock valued at $341,000 after buying an additional 152 shares during the period. Institutional investors own 92.71% of the company's stock.

Sanmina Stock Performance

NASDAQ SANM opened at $112.47 on Wednesday. The firm's fifty day moving average price is $103.94 and its two-hundred day moving average price is $88.76. The stock has a market cap of $5.99 billion, a PE ratio of 24.08, a PEG ratio of 1.72 and a beta of 1.14. Sanmina has a fifty-two week low of $62.76 and a fifty-two 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 posted its earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.11. The firm had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.98 billion. Sanmina had a net margin of 3.22% and a return on equity of 11.30%. The company's revenue was up 10.9% on a year-over-year basis. During the same quarter 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, equities analysts expect that Sanmina will post 5.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Bank of America increased their price target on 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 cut Sanmina from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Two 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 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.

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.