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

Other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Sanmina by 265.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 365 shares of the electronics maker's stock worth $28,000 after purchasing an additional 265 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of Sanmina by 200.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 405 shares of the electronics maker's stock worth $31,000 after acquiring an additional 270 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Sanmina in the 4th quarter worth about $90,000. Meeder Asset Management Inc. acquired a new stake in shares of Sanmina in the 1st quarter worth about $90,000. Finally, CWM LLC increased its holdings in shares of Sanmina by 26.1% in the 1st quarter. CWM LLC now owns 1,466 shares of the electronics maker's stock worth $112,000 after acquiring an additional 303 shares during the period. Institutional investors and hedge funds own 92.71% of the company's stock.

Wall Street Analysts Forecast Growth

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

Sanmina Price Performance

Shares of SANM traded up $4.85 during mid-day trading on Wednesday, hitting $122.61. The company's stock had a trading volume of 862,712 shares, compared to its average volume of 522,093. The firm has a 50-day moving average price of $111.32 and a 200 day moving average price of $91.73. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.74 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. Sanmina Corporation has a fifty-two week low of $63.03 and a fifty-two week high of $125.76.

Sanmina (NASDAQ:SANM - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The electronics maker reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.11. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.98 billion. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.The business's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 EPS. 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 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.