Sanmina (NASDAQ:SANM) Sets New 1-Year High Following Earnings Beat

Sanmina Corporation (NASDAQ:SANM) shares reached a new 52-week high during trading on Tuesday following a stronger than expected earnings report. The company traded as high as $167.00 and last traded at $163.55, with a volume of 607229 shares trading hands. The stock had previously closed at $140.34.

The electronics maker reported $1.67 EPS for the quarter, topping the consensus estimate of $1.57 by $0.10. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.05 billion. Sanmina had a net margin of 3.22% and a return on equity of 11.30%. Sanmina’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $1.43 EPS. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Sanmina in a research report on Wednesday, October 8th. Bank of America raised their price objective on shares of Sanmina from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, July 11th. Finally, Wall Street Zen lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 27th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $120.00.

Institutional Trading of Sanmina

Several institutional investors and hedge funds have recently made changes to their positions in SANM. Nuveen LLC purchased a new position in shares of Sanmina in the first quarter valued at about $50,510,000. Norges Bank bought a new position in Sanmina in the 2nd quarter worth $63,671,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Sanmina in the 3rd quarter worth about $61,946,000. Invesco Ltd. boosted its stake in Sanmina by 42.4% during the second quarter. Invesco Ltd. now owns 1,251,678 shares of the electronics maker’s stock worth $122,452,000 after acquiring an additional 372,829 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in Sanmina during the third quarter worth about $40,933,000. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Sanmina Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.21. The firm’s 50 day moving average is $124.42 and its 200 day moving average is $105.90. The firm has a market cap of $8.72 billion, a P/E ratio of 35.03, a price-to-earnings-growth ratio of 1.43 and a beta of 1.19.

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.