Sanmina Corporation (NASDAQ:SANM) Short Interest Up 36.6% in July

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 significant increase in short interest during the month of 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 volume of 631,800 shares, the days-to-cover ratio is presently 4.9 days. Approximately6.0% of the shares of the company are short sold. Approximately6.0% of the shares of the company are short sold. Based on an average daily volume of 631,800 shares, the days-to-cover ratio is presently 4.9 days.

Sanmina Stock Up 0.9%

Shares of NASDAQ:SANM traded up $1.01 on Monday, hitting $116.49. 209,484 shares of the company's stock were exchanged, compared to its average volume of 511,765. The firm's 50-day moving average is $105.44 and its 200 day moving average is $89.32. The company has a market capitalization of $6.21 billion, a PE ratio of 24.95, a P/E/G ratio of 1.69 and a beta of 1.14. Sanmina 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 quick ratio of 1.21 and a current ratio of 1.91.

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, topping the consensus estimate 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 analysts' expectations of $1.98 billion. During the same period in the prior year, the firm posted $1.25 EPS. The business's quarterly revenue was up 10.9% compared to the same quarter last year. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Sell-side analysts predict that Sanmina will post 5.15 EPS for the current year.

Institutional Trading of Sanmina

Several institutional investors and hedge funds have recently made changes to their positions in SANM. State of Wyoming raised its stake in Sanmina by 37.5% during the 2nd quarter. State of Wyoming now owns 4,110 shares of the electronics maker's stock valued at $402,000 after acquiring an additional 1,120 shares during the last quarter. Hohimer Wealth Management LLC purchased a new position in Sanmina in the 2nd quarter valued at approximately $237,000. Public Sector Pension Investment Board increased its stake in Sanmina by 5.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 182,223 shares of the electronics maker's stock valued at $17,827,000 after purchasing an additional 9,915 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Sanmina by 630.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,570 shares of the electronics maker's stock valued at $643,000 after purchasing an additional 5,670 shares in the last quarter. Finally, Corient Private Wealth LLC increased its position in Sanmina by 40.0% during the second quarter. Corient Private Wealth LLC now owns 3,844 shares of the electronics maker's stock worth $376,000 after buying an additional 1,098 shares in the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Bank of America raised their target price on Sanmina from $100.00 to $120.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Wall Street Zen downgraded Sanmina from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and an average target price 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.