Sanmina (NASDAQ:SANM) Shares Climb 8% – What’s Next?

Sanmina Corporation (NASDAQ:SANM) rose 8% during mid-day trading on Thursday. The company traded as high as $167.28 and last traded at $172.0470. Approximately 353,610 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 885,675 shares. The stock had previously closed at $159.25.

Analyst Ratings Changes

SANM has been the topic of several research analyst reports. Zacks Research cut shares of Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Sunday, October 11th. JPMorgan Chase & Co. decreased their target price on shares of Sanmina from $270.00 to $230.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Weiss Ratings downgraded shares of Sanmina from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $188.33.

Sanmina Trading Up 4.0%

The company has a fifty day simple moving average of $190.99 and a two-hundred day simple moving average of $190.34. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.06. The company has a market capitalization of $8.87 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 0.43 and a beta of 1.72.

Sanmina (NASDAQ:SANM) last released its quarterly earnings results on Monday, November 9th. The electronics maker reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $1.16. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.48 billion. Sanmina had a return on equity of 23.74% and a net margin of 2.60%. The firm’s revenue was up 84.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.67 EPS. Sanmina has set its Q1 2027 guidance at 3.500-3.850 EPS and its FY 2027 guidance at 15.500-17.500 EPS. On average, analysts forecast that Sanmina Corporation will post 13.20 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sanmina

Large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its holdings in Sanmina by 196.9% during the third quarter. First Trust Advisors LP now owns 225,464 shares of the electronics maker’s stock valued at $48,454,000 after purchasing an additional 149,520 shares during the last quarter. USS Investment Management Ltd lifted its stake in shares of Sanmina by 43.5% in the third quarter. USS Investment Management Ltd now owns 3,300 shares of the electronics maker’s stock worth $709,000 after buying an additional 1,000 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of Sanmina in the third quarter worth $218,000. Ieq Capital LLC bought a new stake in shares of Sanmina during the 3rd quarter worth $255,000. Finally, Focus Advisor Solutions LLC boosted its holdings in shares of Sanmina by 237.9% during the 3rd quarter. Focus Advisor Solutions LLC now owns 4,153 shares of the electronics maker’s stock worth $892,000 after buying an additional 2,924 shares during the period. Institutional investors own 92.71% of the company’s stock.

About Sanmina

Sanmina Corporation is a provider of integrated manufacturing solutions for companies that develop complex electronic, optical, and electromechanical products. Its services span product design and engineering, supply-chain management, manufacturing, and logistics, as well as repair and other aftermarket support. The company serves customers in markets that include communications networks, cloud and data-center infrastructure, medical and life sciences, automotive, industrial equipment, and aerospace and defense.