Sanmina Corporation $SANM Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its position in shares of Sanmina Corporation (NASDAQ:SANM) by 4.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,850 shares of the electronics maker’s stock after selling 461 shares during the period. Janney Montgomery Scott LLC’s holdings in Sanmina were worth $964,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Sanmina by 34.1% during the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the electronics maker’s stock valued at $131,000 after acquiring an additional 437 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Sanmina by 10.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,210 shares of the electronics maker’s stock valued at $397,000 after acquiring an additional 476 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in Sanmina in the second quarter worth $1,693,000. Strs Ohio acquired a new stake in Sanmina in the first quarter worth $1,196,000. Finally, Bayforest Capital Ltd increased its position in Sanmina by 228.9% in the first quarter. Bayforest Capital Ltd now owns 3,457 shares of the electronics maker’s stock worth $263,000 after buying an additional 2,406 shares during the period. 92.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on SANM. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sanmina in a research report on Wednesday, October 8th. Wall Street Zen lowered Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Bank of America increased their target price on Sanmina from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, July 11th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Sanmina presently has a consensus rating of “Hold” and a consensus target price of $94.50.

Sanmina Trading Up 0.1%

Shares of SANM stock opened at $125.51 on Wednesday. The stock has a 50-day simple moving average of $118.76 and a 200 day simple moving average of $99.06. Sanmina Corporation has a fifty-two week low of $63.67 and a fifty-two week high of $160.25. The stock has a market capitalization of $6.69 billion, a P/E ratio of 26.88, a P/E/G ratio of 1.30 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 (NASDAQ:SANM) last announced its earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share for the quarter, beating 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 quarter last year, the business posted $1.25 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. On average, sell-side analysts expect that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

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.