Sanmina (NASDAQ:SANM) Shares Down 9.8% – Here’s What Happened

Sanmina Corporation (NASDAQ:SANM) was down 9.8% during mid-day trading on Thursday . The stock traded as low as $152.08 and last traded at $153.10. Approximately 291,898 shares changed hands during trading, a decline of 50% from the average daily volume of 583,292 shares. The stock had previously closed at $169.80.

Analyst Upgrades and Downgrades

SANM has been the subject of a number of research analyst reports. Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Sanmina in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $120.00.

Sanmina Trading Down 9.4%

The firm has a fifty day moving average of $131.00 and a 200 day moving average of $109.68. The firm has a market capitalization of $8.20 billion, a PE ratio of 32.84, a P/E/G ratio of 1.43 and a beta of 1.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.91.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, November 3rd. The electronics maker reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.10. Sanmina had a net margin of 3.22% and a return on equity of 11.30%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the company earned $1.43 earnings per share. Sanmina’s revenue for the quarter was up 3.9% on a year-over-year basis. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. Equities research analysts expect that Sanmina Corporation will post 5.15 EPS for the current year.

Institutional Trading of Sanmina

Hedge funds and other institutional investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC acquired a new stake in shares of Sanmina during the second quarter worth approximately $234,000. Redhawk Wealth Advisors Inc. acquired a new stake in Sanmina in the second quarter valued at $1,693,000. First Citizens Bank & Trust Co. boosted its stake in Sanmina by 198.1% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 8,430 shares of the electronics maker’s stock valued at $825,000 after acquiring an additional 5,602 shares during the last quarter. New York State Teachers Retirement System grew its holdings in Sanmina by 15.5% during the 2nd quarter. New York State Teachers Retirement System now owns 37,766 shares of the electronics maker’s stock worth $3,695,000 after acquiring an additional 5,066 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Sanmina in the 1st quarter worth about $1,196,000. 92.71% of the stock is owned by hedge funds and other institutional investors.

About Sanmina

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.