Caxton Associates LLP Makes New $1.25 Million 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 bought a new position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 16,414 shares of the electronics maker's stock, valued at approximately $1,250,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Sanmina by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,968 shares of the electronics maker's stock worth $2,435,000 after acquiring an additional 1,387 shares in the last quarter. Banque Transatlantique SA acquired a new position in Sanmina during the first quarter worth approximately $29,000. AQR Capital Management LLC increased its position in Sanmina by 35.4% during the first quarter. AQR Capital Management LLC now owns 89,740 shares of the electronics maker's stock worth $6,836,000 after buying an additional 23,442 shares during the period. Amundi acquired a new position in Sanmina during the first quarter worth approximately $391,000. Finally, Federation des caisses Desjardins du Quebec increased its position in Sanmina by 6.3% during the first quarter. Federation des caisses Desjardins du Quebec now owns 27,040 shares of the electronics maker's stock worth $2,061,000 after buying an additional 1,600 shares during the period. Institutional investors and hedge funds own 92.71% of the company's stock.

Analyst Ratings Changes

SANM has been the topic of several research analyst reports. Wall Street Zen raised Sanmina from a "buy" rating to a "strong-buy" rating in a research report 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 report on Friday, July 11th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $94.50.

Sanmina Stock Performance

Shares of NASDAQ:SANM traded down $0.72 during trading on Friday, reaching $117.03. The company had a trading volume of 851,707 shares, compared to its average volume of 588,325. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.21. The stock's fifty day moving average price is $112.35 and its 200 day moving average price is $92.40. Sanmina Corporation has a fifty-two week low of $63.67 and a fifty-two week high of $125.76.

Sanmina (NASDAQ:SANM - Get Free Report) last released its earnings results on Monday, July 28th. The electronics maker reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.11. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company's revenue for the quarter was up 10.9% compared to the same quarter last year. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. As a group, equities research analysts predict that Sanmina Corporation 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.