Hillsdale Investment Management Inc. Has $6.37 Million Position in Sanmina Corporation $SANM

Hillsdale Investment Management Inc. increased its stake in shares of Sanmina Corporation (NASDAQ:SANM) by 48.0% during the 2nd quarter, Holdings Channel reports. The fund owned 65,080 shares of the electronics maker’s stock after acquiring an additional 21,100 shares during the period. Hillsdale Investment Management Inc.’s holdings in Sanmina were worth $6,367,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of Sanmina by 265.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 265 shares in the last quarter. Banque Transatlantique SA acquired a new position in Sanmina during the 1st quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in Sanmina by 200.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 405 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 270 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings 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 acquiring an additional 85 shares in the last quarter. Finally, Harbour Investments Inc. raised its position in shares of Sanmina by 1,612.9% during the second quarter. Harbour Investments Inc. now owns 531 shares of the electronics maker’s stock worth $52,000 after purchasing an additional 500 shares during the period. 92.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Sanmina in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Finally, Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $120.00.

Sanmina Stock Down 7.2%

SANM stock opened at $144.45 on Friday. The stock has a market cap of $7.88 billion, a P/E ratio of 30.93, a P/E/G ratio of 1.43 and a beta of 1.17. 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 stock’s fifty day simple moving average is $135.25 and its two-hundred day simple moving average is $112.63. Sanmina Corporation has a 1-year low of $63.67 and a 1-year high of $178.39.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, November 3rd. The electronics maker reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. Sanmina had a net margin of 3.22% and a return on equity of 11.30%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the firm earned $1.43 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. Analysts expect that Sanmina Corporation will post 5.15 EPS for the current year.

Sanmina 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.