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

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

Wall Street Analyst Weigh In

Several analysts have issued reports on SANM shares. JPMorgan Chase & Co. lowered their price objective on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. Zacks Research cut shares of Sanmina from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Weiss Ratings downgraded shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 18th. Finally, Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Sunday, October 11th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $198.33.

Sanmina Stock Performance

The firm has a market capitalization of $9.42 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 0.52 and a beta of 1.60. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.78 and a quick ratio of 1.06. The stock has a 50-day moving average price of $205.03 and a 200-day moving average price of $209.86.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, topping the consensus estimate of $2.77 by $0.54. The business had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%. The company’s revenue was up 69.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.53 earnings per share. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. On average, research analysts expect that Sanmina Corporation will post 10.74 EPS for the current fiscal year.

Institutional Trading of Sanmina

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Sanmina during the 2nd quarter worth $1,390,702,000. Bank of America Corp DE acquired a new stake in shares of Sanmina in the 2nd quarter valued at about $189,012,000. Alyeska Investment Group L.P. raised its stake in shares of Sanmina by 365.4% in the 2nd quarter. Alyeska Investment Group L.P. now owns 504,067 shares of the electronics maker’s stock valued at $127,569,000 after purchasing an additional 395,764 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Sanmina in the 2nd quarter valued at about $87,522,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Sanmina during the second quarter worth about $71,410,000. 92.71% of the stock is owned by institutional investors and hedge funds.

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.