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

Harbour Investments Inc. lifted its holdings in Sanmina Corporation (NASDAQ:SANM) by 1,612.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 531 shares of the electronics maker’s stock after acquiring 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 quarter.

Other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Sanmina by 265.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 265 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Sanmina by 200.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 405 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 270 shares during the last quarter. Banque Transatlantique SA bought a new stake in Sanmina in the first quarter worth about $29,000. Quarry LP lifted its stake in Sanmina by 5,883.3% in the first quarter. Quarry LP now owns 718 shares of the electronics maker’s stock worth $55,000 after purchasing an additional 706 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Sanmina in the first quarter worth about $90,000. Institutional investors own 92.71% of the company’s stock.

Sanmina Stock Performance

Sanmina stock opened at $133.77 on Friday. The company has a 50 day moving average price of $120.67 and a 200-day moving average price of $102.12. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.91. Sanmina Corporation has a fifty-two week low of $63.67 and a fifty-two week high of $160.25. The company has a market capitalization of $7.13 billion, a PE ratio of 28.64, a P/E/G ratio of 1.37 and a beta of 1.19.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm posted $1.25 earnings per share. The company’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. As a group, equities analysts forecast that Sanmina Corporation will post 5.15 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on SANM shares. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Sunday, October 19th. Bank of America raised their price objective on shares of Sanmina from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, July 11th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Sanmina in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $94.50.

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.