Bayforest Capital Ltd Buys 2,406 Shares of Sanmina Corporation $SANM

Key Points

• Bayforest Capital Ltd has increased its stake in Sanmina Corporation by 228.9%, owning 3,457 shares valued at approximately $263,000 as of the latest SEC filing.
• Analysts are optimistic about Sanmina's future growth, with Bank of America raising its price objective from $100 to $120 and a consensus rating of "Hold" from various brokerages.
• Sanmina reported a 10.9% year-over-year revenue increase to $2.04 billion and outperformed EPS estimates, posting $1.53 against an expectation of $1.42.

Bayforest Capital Ltd grew its stake in shares of Sanmina Corporation (NASDAQ:SANM - Free Report) by 228.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,457 shares of the electronics maker's stock after purchasing an additional 2,406 shares during the quarter. Bayforest Capital Ltd's holdings in Sanmina were worth $263,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Sanmina by 10.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,287 shares of the electronics maker's stock worth $9,621,000 after acquiring an additional 12,061 shares during the period. United Services Automobile Association purchased a new stake in Sanmina in the first quarter worth $256,000. Caxton Associates LLP purchased a new stake in Sanmina in the first quarter worth $1,250,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Sanmina by 4.5% in the first 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 during the period. Finally, Banque Transatlantique SA purchased a new stake in Sanmina in the first quarter worth $29,000. Hedge funds and other institutional investors own 92.71% of the company's stock.

Sanmina Stock Up 0.1%

SANM traded up $0.07 during trading on Wednesday, reaching $117.46. The stock had a trading volume of 105,714 shares, compared to its average volume of 524,432. The stock's 50 day moving average is $113.01 and its two-hundred day moving average is $92.96. The company has a current ratio of 1.91, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 1.75 and a beta of 1.21. Sanmina Corporation has a one year low of $63.67 and a one year 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 analysts' consensus estimates of $1.42 by $0.11. The business had revenue of $2.04 billion during 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 firm's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.25 earnings per share. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. As a group, analysts expect that Sanmina Corporation will post 5.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.