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

Sanmina Corporation (NASDAQ:SANM)’s share price shot up 7.1% on Friday . The company traded as high as $216.97 and last traded at $217.76. 132,196 shares were traded 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.

Analyst Ratings Changes

Several research analysts have issued reports on SANM shares. Zacks Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 3rd. JPMorgan Chase & Co. decreased their target price on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Finally, Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research note 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $198.33.

Sanmina Price Performance

The firm has a market cap of $11.58 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 0.76 and a beta of 1.60. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.71. The company has a 50 day moving average price of $200.80 and a 200 day moving average price of $196.66.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.54. The firm 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 quarterly revenue was up 69.7% on a year-over-year basis. During the same period last year, the business 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. On average, sell-side analysts expect that Sanmina Corporation will post 10.41 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SANM. ANB Bank boosted its holdings in shares of Sanmina by 3.2% during the first quarter. ANB Bank now owns 1,645 shares of the electronics maker’s stock valued at $213,000 after acquiring an additional 51 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Sanmina by 5.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,048 shares of the electronics maker’s stock worth $136,000 after acquiring an additional 54 shares during the period. PNC Financial Services Group Inc. lifted its position in Sanmina by 1.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker’s stock valued at $562,000 after purchasing an additional 69 shares during the last quarter. Vise Technologies Inc. lifted its position in Sanmina by 2.0% in the 3rd quarter. Vise Technologies Inc. now owns 3,625 shares of the electronics maker’s stock valued at $417,000 after purchasing an additional 71 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in Sanmina by 3.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,274 shares of the electronics maker’s stock valued at $295,000 after purchasing an additional 75 shares during the period. 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.