Sanmina (NASDAQ:SANM) Hits New 12-Month High on Strong Earnings

Sanmina Corporation (NASDAQ:SANM)’s share price hit a new 52-week high on Tuesday following a better than expected earnings announcement. The stock traded as high as $167.00 and last traded at $163.55, with a volume of 607229 shares changing hands. The stock had previously closed at $140.34.

The electronics maker reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.10. Sanmina had a net margin of 3.22% and a return on equity of 11.30%. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the previous year, the company posted $1.43 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sanmina in a report on Wednesday, October 8th. Bank of America raised their target price on Sanmina from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, July 11th. Finally, Wall Street Zen cut Sanmina from a “strong-buy” rating to a “buy” rating in a report on Monday, October 27th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $94.50.

Institutional Investors Weigh In On Sanmina

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AlphaQuest LLC boosted its stake in shares of Sanmina by 10,472.1% during the third quarter. AlphaQuest LLC now owns 10,995 shares of the electronics maker’s stock valued at $1,266,000 after acquiring an additional 10,891 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Sanmina by 0.6% during the third quarter. New York State Common Retirement Fund now owns 358,168 shares of the electronics maker’s stock worth $41,229,000 after buying an additional 2,260 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Sanmina by 40.5% during the third quarter. TD Waterhouse Canada Inc. now owns 559 shares of the electronics maker’s stock worth $65,000 after buying an additional 161 shares in the last quarter. Federated Hermes Inc. raised its holdings in Sanmina by 88.6% in the 3rd quarter. Federated Hermes Inc. now owns 464 shares of the electronics maker’s stock valued at $53,000 after acquiring an additional 218 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Sanmina by 4.4% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 10,052 shares of the electronics maker’s stock worth $1,157,000 after buying an additional 427 shares during the period. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Sanmina Price Performance

The company has a 50-day moving average of $123.45 and a two-hundred day moving average of $105.27. 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 stock has a market capitalization of $8.66 billion, a PE ratio of 34.80, a P/E/G ratio of 1.43 and a beta of 1.19.

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.