Sanmina Corporation $SANM Shares Acquired by Bayforest Capital Ltd

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 Sanmina Corporation (NASDAQ:SANM - Free Report) by 228.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,457 shares of the electronics maker's stock after acquiring an additional 2,406 shares during the quarter. Bayforest Capital Ltd's holdings in Sanmina were worth $263,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Sanmina by 10.6% in the 1st 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 last quarter. United Services Automobile Association acquired a new stake in shares of Sanmina in the 1st quarter worth $256,000. Caxton Associates LLP acquired a new stake in shares of Sanmina in the 1st quarter worth $1,250,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Sanmina by 4.5% in the 1st 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 last quarter. Finally, Banque Transatlantique SA acquired a new stake in shares of Sanmina in the 1st quarter worth $29,000. 92.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SANM. Bank of America raised their price objective on Sanmina from $100.00 to $120.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Wall Street Zen raised 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, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $94.50.

Sanmina Stock Performance

Shares of Sanmina stock opened at $117.75 on Friday. The business has a 50-day moving average of $112.05 and a 200 day moving average of $92.17. Sanmina Corporation has a 12 month low of $63.67 and a 12 month high of $125.76. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 1.80 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 (NASDAQ:SANM - Get Free Report) last announced its earnings results on Monday, July 28th. The electronics maker reported $1.53 EPS for the quarter, beating 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 company had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same period last year, the business posted $1.25 EPS. Sanmina's revenue for the quarter was up 10.9% on a year-over-year basis. 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 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.

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