Sanmina Corporation (NASDAQ:SANM) Short Interest Update

Sanmina Corporation (NASDAQ:SANM) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 3,524,661 shares, a growth of 45.5% from the January 15th total of 2,423,019 shares. Currently, 6.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,308,092 shares, the short-interest ratio is presently 2.7 days. Based on an average daily trading volume, of 1,308,092 shares, the short-interest ratio is presently 2.7 days. Currently, 6.7% of the shares of the stock are short sold.

Analyst Ratings Changes

SANM has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Argus lifted their price target on Sanmina to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Zacks Research raised shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $160.00.

Sanmina Stock Performance

NASDAQ:SANM opened at $145.81 on Friday. The business’s fifty day moving average price is $157.43 and its 200 day moving average price is $140.49. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.70 and a quick ratio of 1.04. The firm has a market capitalization of $7.96 billion, a PE ratio of 34.80, a price-to-earnings-growth ratio of 0.66 and a beta of 1.04. Sanmina has a 12 month low of $63.67 and a 12 month high of $185.29.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, January 26th. The electronics maker reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.23. Sanmina had a net margin of 2.47% and a return on equity of 13.06%. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the firm posted $1.16 EPS. The company’s revenue was up 59.0% on a year-over-year basis. Sanmina has set its Q2 2026 guidance at 2.250-2.550 EPS. On average, sell-side analysts anticipate that Sanmina will post 5.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Vishnu Venkatesh sold 692 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $149.22, for a total value of $103,260.24. Following the completion of the transaction, the insider owned 23,500 shares of the company’s stock, valued at approximately $3,506,670. This trade represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sanmina

Hedge funds have recently bought and sold shares of the stock. Invesco Ltd. lifted its stake in shares of Sanmina by 74.6% during the third quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker’s stock worth $251,590,000 after purchasing an additional 933,974 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Sanmina by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker’s stock worth $244,500,000 after acquiring an additional 58,529 shares during the period. Frontier Capital Management Co. LLC grew its position in Sanmina by 20.9% in the second quarter. Frontier Capital Management Co. LLC now owns 1,231,884 shares of the electronics maker’s stock valued at $120,515,000 after acquiring an additional 213,025 shares in the last quarter. Global Alpha Capital Management Ltd. grew its position in Sanmina by 6.7% in the second quarter. Global Alpha Capital Management Ltd. now owns 868,891 shares of the electronics maker’s stock valued at $85,004,000 after acquiring an additional 54,200 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Sanmina by 3.7% during the third quarter. Allianz Asset Management GmbH now owns 776,604 shares of the electronics maker’s stock valued at $89,395,000 after purchasing an additional 27,384 shares during the period. Hedge funds and other institutional investors own 92.71% of the company’s stock.

About Sanmina

Sanmina Corporation is a leading global electronics manufacturing services (EMS) provider specializing in the design, production and end-to-end supply chain solutions for complex electronic products. Founded in 1980, the company has built a reputation for delivering high-reliability manufacturing across a wide range of industries, including communications, computing, aerospace and defense, medical, automotive and industrial sectors.

Sanmina’s core offerings encompass product design and engineering support, precision PCB fabrication and assembly, system integration, testing, and final system deployment.