Sanmina (NASDAQ:SANM) Trading 7.1% Higher – Here’s Why

Shares of Sanmina Corporation (NASDAQ:SANM) were up 7.1% on Friday . The company traded as high as $216.97 and last traded at $217.76. Approximately 132,196 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 898,252 shares. The stock had previously closed at $203.31.

Wall Street Analyst Weigh In

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

Sanmina Stock Performance

The company has a market capitalization of $11.64 billion, a PE ratio of 38.89, a PEG ratio of 0.72 and a beta of 1.60. The firm has a 50-day moving average of $200.88 and a two-hundred day moving average of $196.52. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71.

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

Institutional Trading of Sanmina

A number of hedge funds have recently added to or reduced their stakes in the company. MCF Advisors LLC grew its position in Sanmina by 2,333.3% during the second 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 period. WINTON GROUP Ltd purchased a new stake in shares of Sanmina during the 2nd quarter worth about $278,000. Engineers Gate Manager LP boosted its stake 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 acquiring an additional 5,416 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Sanmina during the 2nd quarter valued at about $102,000. Finally, RFG Advisory LLC acquired a new stake in shares of Sanmina during the 2nd quarter valued at about $1,218,000. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Company Profile

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.