Caxton Associates LLP Makes New Investment in Sanmina Corporation $SANM

Key Points

• Caxton Associates LLP has acquired 16,414 shares of Sanmina Corporation (NASDAQ: SANM) valued at approximately $1.25 million during the first quarter.
• In its most recent quarterly earnings report, Sanmina reported $1.53 earnings per share, exceeding analyst expectations and a year-over-year revenue increase of 10.9%.
• Wall Street analysts have upgraded Sanmina's rating from "buy" to "strong-buy," with a price target increase to $120.00 from $100.00 by Bank of America.

Caxton Associates LLP purchased a new position in Sanmina Corporation (NASDAQ:SANM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,414 shares of the electronics maker's stock, valued at approximately $1,250,000.

Several other hedge funds have also added to or reduced their stakes in the business. XTX Topco Ltd lifted its stake in Sanmina by 1.2% in the first quarter. XTX Topco Ltd now owns 11,886 shares of the electronics maker's stock worth $905,000 after purchasing an additional 140 shares during the last quarter. Xponance Inc. lifted its stake in Sanmina by 3.4% in the first quarter. Xponance Inc. now owns 4,687 shares of the electronics maker's stock worth $357,000 after purchasing an additional 152 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Sanmina by 1.8% in the first quarter. Hsbc Holdings PLC now owns 8,659 shares of the electronics maker's stock worth $659,000 after purchasing an additional 152 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in Sanmina by 1.5% in the first quarter. SummerHaven Investment Management LLC now owns 11,709 shares of the electronics maker's stock worth $892,000 after purchasing an additional 172 shares during the last quarter. Finally, Kendall Capital Management lifted its stake in Sanmina by 3.1% in the first quarter. Kendall Capital Management now owns 6,395 shares of the electronics maker's stock worth $487,000 after purchasing an additional 190 shares during the last quarter. 92.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SANM has been the subject of several recent analyst reports. Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 30th. Bank of America upped their price objective on shares of Sanmina from $100.00 to $120.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $94.50.

Sanmina Trading Up 1.2%

SANM stock traded up $1.38 during trading on Monday, reaching $118.41. The company had a trading volume of 119,731 shares, compared to its average volume of 524,502. Sanmina Corporation has a 52 week low of $63.67 and a 52 week high of $125.76. The company has a market cap of $6.31 billion, a P/E ratio of 25.35, a PEG ratio of 1.71 and a beta of 1.21. The business has a 50 day moving average of $112.35 and a 200 day moving average of $92.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.21.

Sanmina (NASDAQ:SANM - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.11. Sanmina had a net margin of 3.22% and a return on equity of 11.30%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the firm earned $1.25 earnings per share. Sanmina'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, sell-side analysts forecast that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

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.