AQR Capital Management LLC Purchases 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 lifted its holdings in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 35.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,740 shares of the electronics maker's stock after purchasing an additional 23,442 shares during the quarter. AQR Capital Management LLC owned 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 the business. Amundi bought a new position in shares of Sanmina during the first quarter worth approximately $391,000. Federation des caisses Desjardins du Quebec increased its holdings in shares of 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 purchasing an additional 1,600 shares during the period. Dark Forest Capital Management LP bought a new position in Sanmina in the first quarter valued at approximately $3,889,000. EP Wealth Advisors LLC increased its stake in Sanmina by 11.6% in the first quarter. EP Wealth Advisors LLC now owns 3,683 shares of the electronics maker's stock valued at $281,000 after acquiring an additional 383 shares during the last quarter. Finally, Quarry LP increased its stake in Sanmina by 5,883.3% in the first quarter. Quarry LP now owns 718 shares of the electronics maker's stock valued at $55,000 after acquiring an additional 706 shares during the last quarter. 92.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SANM has been the topic of a number of 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 lifted 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 investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $94.50.

Sanmina Trading Down 1.0%

SANM stock traded down $1.20 during midday trading on Wednesday, hitting $116.19. The stock had a trading volume of 714,711 shares, compared to its average volume of 598,489. The firm has a market cap of $6.19 billion, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21. 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 1-year low of $63.67 and a 1-year high of $125.76. The business has a fifty day moving average price of $113.26 and a two-hundred day moving average price of $93.12.

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