Sanmina (NASDAQ:SANM) Stock Falls 7.9% – Here’s What Happened

Sanmina Corporation (NASDAQ:SANM) shares fell 7.9% on Thursday. The company traded as low as $176.70 and last traded at $178.9440. 145,980 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 862,118 shares. The stock had previously closed at $194.32.

Analyst Ratings Changes

Several equities analysts have weighed in on SANM shares. Zacks Research cut shares of Sanmina from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. JPMorgan Chase & Co. decreased their target price on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Finally, Weiss Ratings lowered Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 18th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $198.33.

Sanmina Stock Performance

The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71. The firm has a 50-day moving average of $205.91 and a 200 day moving average of $209.69. The stock has a market capitalization of $9.56 billion, a P/E ratio of 31.92, a PEG ratio of 0.60 and a beta of 1.60.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, beating the consensus estimate of $2.77 by $0.54. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%. Sanmina’s quarterly revenue was up 69.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.53 EPS. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Research analysts anticipate that Sanmina Corporation will post 10.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Sanmina

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SANM. RFG Advisory LLC bought a new position in Sanmina in the 2nd quarter valued at about $1,218,000. Bank of America Corp DE acquired a new stake in Sanmina during the 2nd quarter worth approximately $189,012,000. Ausbil Investment Management Ltd boosted its stake in Sanmina by 124.2% in the 3rd quarter. Ausbil Investment Management Ltd now owns 17,157 shares of the electronics maker’s stock valued at $3,687,000 after purchasing an additional 9,503 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in Sanmina by 57.5% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 762,365 shares of the electronics maker’s stock valued at $98,833,000 after buying an additional 278,465 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of Sanmina by 2,493.7% during the first quarter. Y Intercept Hong Kong Ltd now owns 36,805 shares of the electronics maker’s stock worth $4,771,000 after buying an additional 35,386 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Company Profile

Sanmina Corporation is an integrated manufacturing solutions provider serving original equipment manufacturers in industries including communications, cloud infrastructure, industrial, medical, defense and aerospace, automotive, and consumer products. The company supports customers across the product life cycle, from design and engineering through manufacturing, testing, supply chain management, logistics, repair, and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, enclosure and mechanical manufacturing, optical and semiconductor-related technologies, and the production of complete electronic and electromechanical systems.