Harbour Investments Inc. Purchases 500 Shares of Sanmina Corporation $SANM

Harbour Investments Inc. lifted its stake in Sanmina Corporation (NASDAQ:SANM) by 1,612.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 531 shares of the electronics maker’s stock after purchasing an additional 500 shares during the period. Harbour Investments Inc.’s holdings in Sanmina were worth $52,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SANM. GAMMA Investing LLC increased its stake in shares of Sanmina by 34.1% in the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the electronics maker’s stock worth $131,000 after purchasing an additional 437 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Sanmina by 10.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,210 shares of the electronics maker’s stock worth $397,000 after purchasing an additional 476 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Sanmina by 87.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,311 shares of the electronics maker’s stock worth $785,000 after purchasing an additional 4,810 shares in the last quarter. Moran Wealth Management LLC purchased a new stake in shares of Sanmina in the 1st quarter worth $2,185,000. Finally, Illinois Municipal Retirement Fund increased its stake in shares of Sanmina by 3.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 29,982 shares of the electronics maker’s stock worth $2,284,000 after purchasing an additional 1,133 shares in the last quarter. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Sanmina Trading Up 0.7%

Shares of Sanmina stock opened at $133.77 on Friday. The firm has a market cap of $7.13 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 1.37 and a beta of 1.19. The business has a 50-day moving average price of $120.67 and a 200-day moving average price of $102.12. 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 Corporation has a twelve month low of $63.67 and a twelve month high of $160.25.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data 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 return on equity of 11.30% and a net margin of 3.22%.The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the business posted $1.25 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Equities research analysts anticipate that Sanmina Corporation will post 5.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on SANM shares. Bank of America upped their price objective on Sanmina from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, July 11th. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Sunday, October 19th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Sanmina in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Sanmina currently has a consensus rating of “Hold” and a consensus target price of $94.50.

Sanmina 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.