Sanmina (NASDAQ:SANM) Trading Down 8.2% – Time to Sell?

Sanmina Corporation (NASDAQ:SANM)’s stock price fell 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 mid-day trading, a decline of 89% from the average daily volume of 895,624 shares. The stock had previously closed at $216.00.

Analyst Ratings Changes

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

Sanmina Trading Down 2.3%

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 stock has a market capitalization of $10.27 billion, a P/E ratio of 34.28, a P/E/G ratio of 0.69 and a beta of 1.60. The firm’s 50 day simple moving average is $200.09 and its two-hundred day simple moving average is $197.48.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Sanmina in the second quarter valued at approximately $1,390,702,000. Bank of America Corp DE purchased a new position in shares of Sanmina during the second quarter valued at approximately $189,012,000. Norges Bank purchased a new position in shares of Sanmina during the fourth quarter valued at approximately $101,751,000. Fisher Asset Management LLC grew its holdings in Sanmina by 289.6% during the fourth quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker’s stock worth $97,571,000 after buying an additional 483,312 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in Sanmina by 365.4% during the second quarter. Alyeska Investment Group L.P. now owns 504,067 shares of the electronics maker’s stock worth $127,569,000 after buying an additional 395,764 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

About Sanmina

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.