AQR Capital Management LLC Acquires 23,442 Shares of Sanmina Corporation $SANM

Key Points

• AQR Capital Management LLC increased its ownership in Sanmina Corporation by 35.4%, acquiring an additional 23,442 shares and bringing its total to 89,740 shares valued at $6.8 million.
• Hedge funds now own 92.71% of Sanmina's stock, with significant increases in holdings from firms like Northwestern Mutual Wealth Management Co. and Quarry LP.
• Sanmina's quarterly earnings surpassed expectations, reporting $1.53 EPS and $2.04 billion in revenue, indicating a 10.9% year-over-year growth.

AQR Capital Management LLC increased its stake in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 35.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,740 shares of the electronics maker's stock after buying an additional 23,442 shares during the period. AQR Capital Management LLC owned about 0.17% of Sanmina worth $6,836,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SANM. Northwestern Mutual Wealth Management Co. grew its position in Sanmina by 265.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker's stock worth $28,000 after buying an additional 265 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Sanmina by 200.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 405 shares of the electronics maker's stock valued at $31,000 after buying an additional 270 shares during the period. Quarry LP increased its holdings in Sanmina by 5,883.3% during the 1st quarter. Quarry LP now owns 718 shares of the electronics maker's stock valued at $55,000 after purchasing an additional 706 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Sanmina during the 4th quarter valued at $90,000. Finally, Meeder Asset Management Inc. purchased a new stake in Sanmina in the first quarter worth about $90,000. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SANM shares. Bank of America boosted 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. Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 30th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $94.50.

Sanmina Stock Performance

SANM opened at $117.75 on Friday. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 1.80 and a beta of 1.21. The company has a fifty day moving average of $112.05 and a 200 day moving average of $92.17. 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 $125.76.

Sanmina (NASDAQ:SANM - Get Free Report) last released its quarterly earnings data 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 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 the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company posted $1.25 EPS. The company's revenue 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, sell-side analysts forecast that Sanmina Corporation will post 5.15 earnings per share for the current fiscal year.

Sanmina 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.

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