Sanmina (NASDAQ:SANM) Shares Down 8.2% – What’s Next?

Posted by Brenda Bartman on Sep 14th, 2026

Sanmina Corporation (NASDAQ:SANM – Get Free Report) shares dropped 8.2% during mid-day trading on Monday . The company traded as low as $197.88 and last traded at $198.3890. 96,384 shares changed hands during trading, a decline of 89% from the average daily volume of 895,624 shares. The stock had previously closed at $216.00.

Wall Street Analysts Forecast Growth

SANM has been the topic of several research reports. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Weiss Ratings raised Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 3rd. Finally, JPMorgan Chase & Co. dropped their price target on Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $198.33.

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Sanmina Stock Performance

The company has a market cap of $10.64 billion, a price-to-earnings ratio of 35.56, a P/E/G ratio of 0.76 and a beta of 1.60. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.71. The stock’s 50 day moving average price is $200.80 and its 200 day moving average price is $197.00.

Sanmina (NASDAQ:SANM – Get Free Report) last released its earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.54. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The business had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same period last year, the company earned $1.53 earnings per share. The company’s quarterly revenue was up 69.7% on a year-over-year basis. 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, analysts expect that Sanmina Corporation will post 10.41 EPS for the current fiscal year.

Institutional Trading of Sanmina

Institutional investors and hedge funds have recently made changes to their positions in the company. ANB Bank raised its holdings in shares of Sanmina by 3.2% during the first quarter. ANB Bank now owns 1,645 shares of the electronics maker’s stock valued at $213,000 after buying an additional 51 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Sanmina by 5.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,048 shares of the electronics maker’s stock worth $136,000 after buying an additional 54 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Sanmina by 1.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker’s stock valued at $562,000 after acquiring an additional 69 shares during the period. Vise Technologies Inc. increased its position in Sanmina by 2.0% in the 3rd quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker’s stock valued at $417,000 after acquiring an additional 71 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its stake in Sanmina by 3.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,274 shares of the electronics maker’s stock valued at $295,000 after acquiring an additional 75 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

About Sanmina

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Sanmina Corporation (NASDAQ: SANM) is a global provider of integrated manufacturing, engineering and supply chain services for original equipment manufacturers. The company designs, builds and supports complex electronic and mechanical products, helping customers manage product development, production, logistics and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, electromechanical manufacturing, precision machining, enclosures, optical and radio-frequency components, testing, repair and product fulfillment.