SummerHaven Investment Management LLC Has $1.16 Million Stock Position in Sanmina Corporation $SANM

SummerHaven Investment Management LLC lifted its holdings in shares of Sanmina Corporation (NASDAQ:SANM) by 1.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 11,898 shares of the electronics maker’s stock after buying an additional 189 shares during the period. Sanmina makes up approximately 0.8% of SummerHaven Investment Management LLC’s portfolio, making the stock its 23rd largest position. SummerHaven Investment Management LLC’s holdings in Sanmina were worth $1,164,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of SANM. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Sanmina by 265.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker’s stock worth $28,000 after buying an additional 265 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Sanmina by 200.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 405 shares of the electronics maker’s stock worth $31,000 after buying an additional 270 shares during the period. Banque Transatlantique SA bought a new stake in shares of Sanmina during the 1st quarter worth $29,000. Quarry LP boosted its holdings in shares of Sanmina by 5,883.3% during the 1st quarter. Quarry LP now owns 718 shares of the electronics maker’s stock worth $55,000 after buying an additional 706 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in shares of Sanmina during the 1st quarter worth $90,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Wall Street Analysts Forecast Growth

SANM has been the subject of several recent analyst reports. Bank of America upped their price objective on shares of Sanmina from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 30th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $94.50.

Sanmina Price Performance

Shares of Sanmina stock opened at $114.11 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.21. Sanmina Corporation has a fifty-two week low of $63.67 and a fifty-two week high of $125.76. The firm has a fifty day moving average price of $115.00 and a two-hundred day moving average price of $95.38. The company has a market cap of $6.08 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 1.67 and a beta of 1.21.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.11. Sanmina had a net margin of 3.22% and a return on equity of 11.30%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the firm earned $1.25 EPS. The business’s revenue was up 10.9% on a year-over-year basis. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Analysts expect that Sanmina Corporation will post 5.15 EPS for the current year.

Sanmina Company 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.