Bayforest Capital Ltd Sells 3,316 Shares of Sanmina Corporation $SANM

Bayforest Capital Ltd reduced its stake in shares of Sanmina Corporation (NASDAQ:SANM) by 74.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,112 shares of the electronics maker’s stock after selling 3,316 shares during the quarter. Bayforest Capital Ltd’s holdings in Sanmina were worth $128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Amundi purchased a new position in Sanmina during the first quarter valued at $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in 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 purchasing an additional 1,387 shares during the period. United Services Automobile Association bought a new stake in Sanmina in the first quarter worth about $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Sanmina by 10.6% during 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 valued at $9,621,000 after buying an additional 12,061 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of Sanmina by 572.5% during the first quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker’s stock valued at $6,083,000 after buying an additional 67,973 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Insider Transactions at Sanmina

In other Sanmina news, insider Vishnu Venkatesh sold 692 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $149.22, for a total value of $103,260.24. Following the completion of the transaction, the insider directly owned 23,500 shares in the company, valued at approximately $3,506,670. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.22% of the stock is owned by company insiders.

Sanmina Stock Performance

SANM stock opened at $166.99 on Thursday. Sanmina Corporation has a 1-year low of $63.67 and a 1-year high of $178.39. The business has a 50-day moving average price of $157.32 and a 200 day moving average price of $131.78. The company has a market capitalization of $9.11 billion, a P/E ratio of 37.44, a PEG ratio of 0.81 and a beta of 1.05. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.72 and a quick ratio of 1.02.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, November 3rd. The electronics maker reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.10. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.05 billion. Sanmina had a net margin of 3.03% and a return on equity of 11.59%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 EPS. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. As a group, equities research analysts forecast that Sanmina Corporation will post 5.15 EPS for the current fiscal year.

Analysts Set New Price Targets

SANM has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Sanmina in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Finally, Zacks Research lowered shares of Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $120.00.

Sanmina Profile

Sanmina Corporation is a leading global electronics manufacturing services (EMS) provider specializing in the design, production and end-to-end supply chain solutions for complex electronic products. Founded in 1980, the company has built a reputation for delivering high-reliability manufacturing across a wide range of industries, including communications, computing, aerospace and defense, medical, automotive and industrial sectors.

Sanmina’s core offerings encompass product design and engineering support, precision PCB fabrication and assembly, system integration, testing, and final system deployment.