Sanmina Corporation (NASDAQ:SANM) Short Interest Up 36.6% in July

Sanmina Corporation (NASDAQ:SANM) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 3,100,000 shares, anincreaseof36.6% from the July 15th total of 2,270,000 shares. Approximately6.0% of the company’s stock are sold short. Based on an average daily trading volume, of 631,800 shares, the days-to-cover ratio is currently 4.9 days. Based on an average daily trading volume, of 631,800 shares, the days-to-cover ratio is currently 4.9 days. Approximately6.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. State of Wyoming lifted its holdings in shares of Sanmina by 37.5% during the second quarter. State of Wyoming now owns 4,110 shares of the electronics maker’s stock worth $402,000 after purchasing an additional 1,120 shares during the period. Hohimer Wealth Management LLC purchased a new position in Sanmina during the 2nd quarter worth approximately $237,000. Public Sector Pension Investment Board raised its position in Sanmina by 5.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 182,223 shares of the electronics maker’s stock worth $17,827,000 after buying an additional 9,915 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Sanmina by 630.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,570 shares of the electronics maker’s stock valued at $643,000 after acquiring an additional 5,670 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in shares of Sanmina by 40.0% in the 2nd quarter. Corient Private Wealth LLC now owns 3,844 shares of the electronics maker’s stock valued at $376,000 after acquiring an additional 1,098 shares during the last quarter. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wall Street Zen lowered shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Bank of America lifted their price target on shares of Sanmina from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Sanmina currently has an average rating of “Hold” and an average target price of $94.50.

Sanmina Trading Up 1.3%

Shares of Sanmina stock opened at $111.04 on Friday. Sanmina has a 12-month low of $62.76 and a 12-month high of $125.76. The firm’s 50 day simple moving average is $104.85 and its two-hundred day simple moving average is $89.10. The company has a current ratio of 1.91, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 1.61 and a beta of 1.14.

Sanmina (NASDAQ:SANM) last announced 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. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.98 billion. Sanmina had a net margin of 3.22% and a return on equity of 11.30%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.25 earnings per share. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Analysts predict that Sanmina will post 5.15 EPS for the current year.

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.