Sanmina Corporation (NASDAQ:SANM – Get Free Report) was down 7.9% on Thursday. The company traded as low as $176.70 and last traded at $178.9440. Approximately 145,980 shares traded hands 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.
Wall Street Analysts Forecast Growth
SANM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Weiss Ratings downgraded Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 18th. Finally, Zacks Research cut shares of Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Sanmina has a consensus rating of “Hold” and an average target price of $198.33.
View Our Latest Research Report on Sanmina
Sanmina Stock Performance
The company has a 50 day moving average of $205.91 and a two-hundred day moving average of $209.69. The company has a market capitalization of $9.56 billion, a PE ratio of 31.92, a PEG ratio of 0.60 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.
Sanmina (NASDAQ:SANM – Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.54. Sanmina had a return on equity of 19.08% and a net margin of 2.41%. The company had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the prior year, the business posted $1.53 EPS. The firm’s quarterly revenue was up 69.7% compared to the same quarter last year. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. As a group, equities research analysts predict that Sanmina Corporation will post 10.73 earnings per share for the current year.
Hedge Funds Weigh In On Sanmina
Several institutional investors have recently made changes to their positions in SANM. RFG Advisory LLC purchased a new stake in Sanmina during the second quarter valued at approximately $1,218,000. Bank of America Corp DE bought a new stake in shares of Sanmina during the second quarter valued at approximately $189,012,000. Ausbil Investment Management Ltd increased its holdings in shares of Sanmina by 124.2% in the third quarter. Ausbil Investment Management Ltd now owns 17,157 shares of the electronics maker’s stock worth $3,687,000 after purchasing an additional 9,503 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of 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 worth $98,833,000 after buying an additional 278,465 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its position in Sanmina by 2,493.7% in the first quarter. Y Intercept Hong Kong Ltd now owns 36,805 shares of the electronics maker’s stock worth $4,771,000 after acquiring an additional 35,386 shares in the last quarter. Institutional investors 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.
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