Sanmina Corporation $SANM Holdings Raised by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Sanmina Corporation (NASDAQ:SANM) by 9.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,348 shares of the electronics maker’s stock after acquiring an additional 1,319 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Sanmina were worth $1,501,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in Sanmina by 34.1% in the first quarter. GAMMA Investing LLC now owns 1,720 shares of the electronics maker’s stock worth $131,000 after acquiring an additional 437 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Sanmina by 10.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,210 shares of the electronics maker’s stock worth $397,000 after acquiring an additional 476 shares in the last quarter. Redhawk Wealth Advisors Inc. bought a new stake in Sanmina in the second quarter worth about $1,693,000. Strs Ohio bought a new stake in Sanmina in the first quarter worth about $1,196,000. Finally, Janney Montgomery Scott LLC increased its stake in 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. 92.71% of the stock is currently owned by institutional investors.

Sanmina Stock Down 2.3%

SANM opened at $114.08 on Friday. The business has a 50 day moving average price of $116.59 and a 200 day moving average price of $96.59. Sanmina Corporation has a twelve month low of $63.67 and a twelve month high of $125.76. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.91. The firm has a market cap of $6.08 billion, a P/E ratio of 24.43, a price-to-earnings-growth ratio of 1.35 and a beta of 1.19.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share for the quarter, topping the consensus estimate 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 period in the previous year, the company earned $1.25 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. Research analysts forecast that Sanmina Corporation will post 5.15 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on SANM. Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 30th. Bank of America lifted their price target on 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 Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $94.50.

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.