Sequoia Financial Advisors LLC Buys Shares of 2,392 Sanmina Corporation $SANM

Sequoia Financial Advisors LLC bought a new stake in shares of Sanmina Corporation (NASDAQ:SANM) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,392 shares of the electronics maker’s stock, valued at approximately $234,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in Sanmina by 265.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 265 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Sanmina by 200.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 405 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 270 shares in the last quarter. Banque Transatlantique SA bought a new stake in shares of Sanmina in the 1st quarter worth $29,000. Quarry LP lifted its holdings in shares of Sanmina by 5,883.3% in the first quarter. Quarry LP now owns 718 shares of the electronics maker’s stock valued at $55,000 after buying an additional 706 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Sanmina in the first quarter valued at $90,000. Institutional investors own 92.71% of the company’s stock.

Sanmina Stock Up 4.4%

Shares of Sanmina stock opened at $132.79 on Friday. The stock’s fifty day moving average is $120.33 and its 200-day moving average is $101.68. The firm has a market capitalization of $7.08 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 1.32 and a beta of 1.19. The company has a quick ratio of 1.21, a current ratio of 1.91 and a debt-to-equity ratio of 0.12. Sanmina Corporation has a 12-month low of $63.67 and a 12-month high of $160.25.

Sanmina (NASDAQ:SANM) last announced its earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.11. The company had revenue of $2.04 billion for 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 revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.25 earnings per share. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Equities analysts anticipate that Sanmina Corporation will post 5.15 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on SANM shares. Weiss Ratings restated a “buy (b)” rating on shares of Sanmina in a report on Wednesday, October 8th. Bank of America upped their price objective on Sanmina from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, July 11th. Finally, Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 19th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $94.50.

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.