Sanmina (NASDAQ:SANM) Shares Down 5.8% - Time to Sell?

Key Points

• Sanmina's stock recently dropped by 5.8% to $131.91, with a significant decline in trading volume, indicating potential investor concern.
• Analysts have mixed ratings on the stock, with Bank of America raising its price target to $120 and most analysts maintaining a "Hold" rating, suggesting cautious sentiment moving forward.
• Despite recent market fluctuations, Sanmina reported earnings of $1.53 per share, outperforming estimates, with strong quarterly revenue growth of 10.9% year-over-year.

Sanmina Corporation (NASDAQ:SANM - Get Free Report)'s stock price traded down 5.8% during trading on Tuesday . The company traded as low as $133.47 and last traded at $131.91. 363,815 shares were traded during mid-day trading, a decline of 34% from the average session volume of 550,542 shares. The stock had previously closed at $140.00.

Analyst Ratings Changes

A number of analysts recently issued reports on SANM shares. Bank of America increased their price objective on Sanmina from $100.00 to $120.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Weiss Ratings reissued a "buy (b)" rating on shares of Sanmina in a research report on Saturday, September 27th. Finally, Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 30th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $94.50.

Sanmina Stock Performance

The company has a current ratio of 1.91, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 26.60, a P/E/G ratio of 1.35 and a beta of 1.19. The firm's 50-day moving average is $117.42 and its two-hundred day moving average is $97.15.

Sanmina (NASDAQ:SANM - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The electronics maker reported $1.53 EPS for the quarter, beating the consensus estimate of $1.42 by $0.11. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.98 billion. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.The firm's revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 EPS. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. As a group, sell-side analysts expect that Sanmina Corporation will post 5.15 earnings per share for the current year.

Hedge Funds Weigh In On Sanmina

Hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. boosted its stake in shares of Sanmina by 42.4% in the second quarter. Invesco Ltd. now owns 1,251,678 shares of the electronics maker's stock valued at $122,452,000 after purchasing an additional 372,829 shares during the period. Frontier Capital Management Co. LLC boosted its position in Sanmina by 20.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,231,884 shares of the electronics maker's stock valued at $120,515,000 after buying an additional 213,025 shares during the period. Global Alpha Capital Management Ltd. boosted its position in Sanmina by 6.7% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 868,891 shares of the electronics maker's stock valued at $85,004,000 after buying an additional 54,200 shares during the period. Allianz Asset Management GmbH increased its position in shares of Sanmina by 4.7% during the second quarter. Allianz Asset Management GmbH now owns 749,220 shares of the electronics maker's stock worth $73,296,000 after acquiring an additional 33,865 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Sanmina in the first quarter valued at $50,510,000. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

About Sanmina

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.