Tidal Investments LLC Reduces Stake in Sanmina Corporation $SANM

Key Points

• Tidal Investments reduced its Sanmina stake by 23.5% in the second quarter, selling 13,395 shares and retaining 43,695 shares valued at approximately $11.1 million. Institutional investors collectively own 92.71% of the company.
• Sanmina reported quarterly EPS of $3.31, beating estimates of $2.77, while revenue reached $3.46 billion and rose 69.7% year over year.
• Shares were trading at $216, up 6.2%, while analyst sentiment remained positive with a “Moderate Buy” consensus; however, JPMorgan lowered its price target to $260 from $275.

Tidal Investments LLC lowered its position in Sanmina Corporation (NASDAQ:SANM - Free Report) by 23.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,695 shares of the electronics maker's stock after selling 13,395 shares during the period. Tidal Investments LLC owned about 0.08% of Sanmina worth $11,058,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Danske Bank A S bought a new position in Sanmina in the second quarter valued at about $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Sanmina during the 3rd quarter valued at about $26,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Sanmina during the 2nd quarter valued at about $31,000. NewEdge Advisors LLC purchased a new position in shares of Sanmina in the second quarter worth approximately $32,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Sanmina in the second quarter worth approximately $36,000. Hedge funds and other institutional investors own 92.71% of the company's stock.

Sanmina Stock Up 6.2%

NASDAQ SANM opened at $216.00 on Friday. The stock's 50 day moving average is $200.80 and its 200 day moving average is $196.66. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.71. Sanmina Corporation has a 12 month low of $110.44 and a 12 month high of $288.68. The stock has a market cap of $11.58 billion, a PE ratio of 38.64, a P/E/G ratio of 0.71 and a beta of 1.60.

Sanmina (NASDAQ:SANM - Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.77 by $0.54. The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The company's revenue was up 69.7% on a year-over-year basis. During the same period last 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 predict that Sanmina Corporation will post 10.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.