Strs Ohio Buys Shares of 15,700 Sanmina Corporation $SANM

Strs Ohio bought a new stake in shares of Sanmina Corporation (NASDAQ:SANM) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,700 shares of the electronics maker’s stock, valued at approximately $1,196,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. XTX Topco Ltd increased its stake in shares of 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 in the last quarter. Xponance Inc. increased its stake in shares of Sanmina by 3.4% in the first quarter. Xponance Inc. now owns 4,687 shares of the electronics maker’s stock worth $357,000 after purchasing an additional 152 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Sanmina by 1.8% in the first quarter. Hsbc Holdings PLC now owns 8,659 shares of the electronics maker’s stock worth $659,000 after purchasing an additional 152 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in shares of Sanmina by 1.5% in the first quarter. SummerHaven Investment Management LLC now owns 11,709 shares of the electronics maker’s stock worth $892,000 after purchasing an additional 172 shares in the last quarter. Finally, Kendall Capital Management increased its stake in shares of Sanmina by 3.1% in the first quarter. Kendall Capital Management now owns 6,395 shares of the electronics maker’s stock worth $487,000 after purchasing an additional 190 shares in the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Price Performance

Sanmina stock opened at $116.19 on Thursday. The firm has a 50-day moving average price of $113.26 and a 200-day moving average price of $93.12. The firm has a market capitalization of $6.19 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21. 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 Corporation has a 12-month low of $63.67 and a 12-month high of $125.76.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, July 28th. The electronics maker reported $1.53 EPS 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 the consensus estimate of $1.98 billion. Sanmina had a net margin of 3.22% and a return on equity of 11.30%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 EPS. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. As a group, equities research analysts forecast that Sanmina Corporation will post 5.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SANM. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 30th. Bank of America increased their price objective on shares of Sanmina from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, July 11th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently 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.