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

Bayforest Capital Ltd cut its holdings in Sanmina Corporation (NASDAQ:SANM) by 74.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,112 shares of the electronics maker’s stock after selling 3,316 shares during the period. Bayforest Capital Ltd’s holdings in Sanmina were worth $128,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new position in shares of Sanmina during the third quarter valued at about $41,000. TD Waterhouse Canada Inc. boosted its position in Sanmina by 27.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 398 shares of the electronics maker’s stock valued at $39,000 after acquiring an additional 85 shares in the last quarter. MAI Capital Management purchased a new position in shares of Sanmina during the 2nd quarter worth approximately $41,000. Harbour Investments Inc. boosted its position in shares of Sanmina by 1,612.9% during the second quarter. Harbour Investments Inc. now owns 531 shares of the electronics maker’s stock valued at $52,000 after purchasing an additional 500 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Sanmina by 86.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,227 shares of the electronics maker’s stock valued at $120,000 after purchasing an additional 570 shares in the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Sanmina

In other Sanmina news, insider Vishnu Venkatesh sold 692 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $149.22, for a total transaction of $103,260.24. Following the completion of the sale, the insider directly owned 23,500 shares of the company’s stock, valued at approximately $3,506,670. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.22% of the company’s stock.

Sanmina Trading Down 0.1%

Shares of NASDAQ:SANM 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 stock’s fifty day moving average price is $157.32 and its 200-day moving average price is $131.78. The company has a market cap 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 issued its quarterly earnings data on Monday, November 3rd. The electronics maker reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.10. The company 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 firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.43 earnings per share. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. Sell-side analysts expect that Sanmina Corporation will post 5.15 earnings per share for the current year.

About Sanmina

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.