Ieq Capital LLC Purchases New Stake in Sanmina Corporation $SANM

Key Points

• Ieq Capital LLC has acquired a new position in Sanmina Corporation, purchasing 3,032 shares valued at approximately $231,000 in the first quarter of the year.
• Several institutional investors, including Stifel Financial Corp and Mercer Global Advisors Inc., have increased their holdings in Sanmina, contributing to a total institutional ownership of 92.71%.
• Analysts have raised their target price on Sanmina shares, with Bank of America increasing its target from $100.00 to $120.00 and Wall Street Zen upgrading the stock to a "strong-buy" rating.

Ieq Capital LLC purchased a new position in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,032 shares of the electronics maker's stock, valued at approximately $231,000.

Several other hedge funds also recently made changes to their positions in SANM. Aristides Capital LLC acquired a new stake in shares of Sanmina in the 1st quarter valued at approximately $257,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Sanmina in the 1st quarter valued at approximately $1,615,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Sanmina by 265.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker's stock valued at $28,000 after buying an additional 265 shares during the last quarter. Capital Fund Management S.A. acquired a new stake in shares of Sanmina in the 1st quarter valued at approximately $2,850,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of Sanmina by 1.8% in the 1st quarter. Hsbc Holdings PLC now owns 8,659 shares of the electronics maker's stock valued at $659,000 after buying an additional 152 shares during the last quarter. 92.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wall Street Zen raised Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 30th. Bank of America raised their price target on Sanmina from $100.00 to $120.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Sanmina has an average rating of "Hold" and an average target price of $94.50.

Sanmina Stock Performance

Shares of NASDAQ:SANM traded down $0.72 on Friday, reaching $117.03. 851,707 shares of the company's stock were exchanged, compared to its average volume of 588,325. The company has a fifty day moving average of $112.35 and a 200-day moving average of $92.40. Sanmina Corporation has a twelve month low of $63.67 and a twelve month high of $125.76. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 25.06, a PEG 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 (NASDAQ:SANM - Get Free Report) last announced its 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 firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the business posted $1.25 EPS. 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, research analysts predict that Sanmina Corporation will post 5.15 EPS 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.