Stock Traders Purchase High Volume of Sanmina Put Options (NASDAQ:SANM)

Key Points

• Sanmina Corporation experienced a significant increase in put options trading, with 2,687 options purchased, marking a 441% increase from the average daily volume.
• Despite recent market activity, Sanmina shares rose 1.7% to $118.93, with a 52-week high of $125.76 reported.
• Wall Street analysts have varied ratings for Sanmina, with Bank of America increasing its price target to $120, while others rated the stock as a "hold."

Sanmina Corporation (NASDAQ:SANM - Get Free Report) saw some unusual options trading activity on Thursday. Traders acquired 2,687 put options on the stock. Thisisanincreaseof441% compared to the typical volume of 497 put options.

Analysts Set New Price Targets

SANM has been the subject of several research analyst reports. Bank of America raised their target price 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. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $94.50.

Institutional Trading of Sanmina

Several institutional investors have recently added to or reduced their stakes in SANM. TD Waterhouse Canada Inc. grew its stake in shares of Sanmina by 27.2% during the second quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker's stock valued at $39,000 after buying an additional 85 shares during the last quarter. Bank of Montreal Can boosted its holdings in Sanmina by 1.5% during the 2nd quarter. Bank of Montreal Can now owns 8,814 shares of the electronics maker's stock valued at $862,000 after acquiring an additional 128 shares during the period. Moloney Securities Asset Management LLC grew its position in Sanmina by 3.9% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 3,668 shares of the electronics maker's stock valued at $359,000 after acquiring an additional 138 shares during the last quarter. XTX Topco Ltd increased its stake in Sanmina by 1.2% in the first quarter. XTX Topco Ltd now owns 11,886 shares of the electronics maker's stock worth $905,000 after purchasing an additional 140 shares during the period. Finally, Mariner LLC increased its stake in Sanmina by 3.5% in the fourth quarter. Mariner LLC now owns 4,510 shares of the electronics maker's stock worth $341,000 after purchasing an additional 152 shares during the period. Institutional investors own 92.71% of the company's stock.

Sanmina Trading Down 1.5%

NASDAQ:SANM traded down $1.85 during midday trading on Friday, hitting $117.52. 638,042 shares of the company traded hands, compared to its average volume of 749,422. The firm has a market capitalization of $6.26 billion, a P/E ratio of 25.16, a P/E/G ratio of 1.72 and a beta of 1.14. The firm's fifty day moving average is $108.19 and its 200-day moving average is $90.31. Sanmina has a 12-month low of $62.76 and a 12-month high of $125.76. The company has a current ratio of 1.91, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12.

Sanmina (NASDAQ:SANM - Get Free Report) last posted 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. The business 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 business's revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 earnings per share. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. On average, sell-side analysts predict that Sanmina will post 5.15 EPS for the current year.

Sanmina Company 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.