Prudential Financial Inc. Purchases 7,564 Shares of Sanmina Corporation $SANM

Prudential Financial Inc. raised its position in Sanmina Corporation (NASDAQ:SANM - Free Report) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 196,633 shares of the electronics maker's stock after acquiring an additional 7,564 shares during the quarter. Prudential Financial Inc. owned approximately 0.37% of Sanmina worth $19,237,000 at the end of the most recent quarter.

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A number of other institutional investors also recently modified their holdings of SANM. Sequoia Financial Advisors LLC bought a new position in Sanmina during the 2nd quarter valued at approximately $234,000. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Sanmina by 1.4% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 175,559 shares of the electronics maker's stock valued at $17,175,000 after buying an additional 2,451 shares during the period. Redhawk Wealth Advisors Inc. bought a new position in shares of Sanmina during the second quarter valued at approximately $1,693,000. First Citizens Bank & Trust Co. lifted its stake in Sanmina by 198.1% in the second quarter. First Citizens Bank & Trust Co. now owns 8,430 shares of the electronics maker's stock worth $825,000 after acquiring an additional 5,602 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Sanmina by 145.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 9,087 shares of the electronics maker's stock worth $889,000 after acquiring an additional 5,392 shares during the period. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Sanmina Stock Performance

Shares of SANM stock opened at $154.32 on Wednesday. The company's fifty day moving average price is $137.28 and its 200-day moving average price is $114.62. The stock has a market cap of $8.42 billion, a PE ratio of 33.04, a price-to-earnings-growth ratio of 1.43 and a beta of 1.17. The company has a current ratio of 1.91, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. Sanmina Corporation has a 12 month low of $63.67 and a 12 month high of $178.39.

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Sanmina (NASDAQ:SANM - Get Free Report) last issued its quarterly earnings results on Monday, November 3rd. The electronics maker reported $1.67 earnings per share (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 company had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.05 billion. During the same period last year, the company posted $1.43 EPS. Sanmina's revenue was up 3.9% on a year-over-year basis. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. On average, equities analysts expect that Sanmina Corporation will post 5.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on SANM shares. Weiss Ratings reissued a "buy (b)" rating on shares of Sanmina in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Sanmina from a "strong-buy" rating to a "buy" rating in a research report on Sunday, November 16th. Finally, Zacks Research raised shares of Sanmina from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Sanmina presently has an average rating of "Buy" and a consensus price target of $120.00.

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Read Our Latest Stock Analysis on SANM

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.

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