Sanmina (NASDAQ:SANM) Stock Price Down 6.8% – Should You Sell?

Sanmina Corporation (NASDAQ:SANM) fell 6.8% during trading on Wednesday. The stock traded as low as $211.43 and last traded at $207.6840. 118,647 shares traded hands during trading, a decline of 86% from the average daily volume of 878,303 shares. The stock had previously closed at $222.73.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SANM shares. Zacks Research cut Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. decreased their price target on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Finally, Weiss Ratings lowered shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 18th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $198.33.

Sanmina Stock Down 5.7%

The company has a market cap of $11.26 billion, a P/E ratio of 37.62, a price-to-earnings-growth ratio of 0.75 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 fifty day moving average price of $201.36 and a two-hundred day moving average price of $202.85.

Sanmina (NASDAQ:SANM) last announced its quarterly 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. The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.Sanmina’s revenue was up 69.7% compared to the same quarter last year. During the same quarter in the prior year, the company 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 10.73 EPS for the current year.

Institutional Trading of Sanmina

Institutional investors and hedge funds have recently made changes to their positions in the company. QRG Capital Management Inc. purchased a new position in Sanmina during the second quarter worth about $251,000. MCF Advisors LLC increased its stake in Sanmina by 2,333.3% in the 2nd quarter. MCF Advisors LLC now owns 146 shares of the electronics maker’s stock valued at $37,000 after buying an additional 140 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Sanmina in the 2nd quarter valued at about $278,000. Engineers Gate Manager LP lifted its position in shares of Sanmina by 45.2% during the 2nd quarter. Engineers Gate Manager LP now owns 17,398 shares of the electronics maker’s stock worth $4,403,000 after buying an additional 5,416 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Sanmina during the 2nd quarter worth approximately $102,000. Hedge funds and other institutional investors own 92.71% of the company’s stock.

About Sanmina

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.