Tidal Investments LLC Cuts Holdings in Sanmina Corporation $SANM

Tidal Investments LLC trimmed its position in Sanmina Corporation (NASDAQ:SANM) by 23.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 43,695 shares of the electronics maker’s stock after selling 13,395 shares during the quarter. Tidal Investments LLC’s holdings in Sanmina were worth $11,058,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SANM. Danske Bank A S bought a new position in Sanmina during the second quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new position in Sanmina during the 3rd quarter valued at approximately $26,000. Keating Financial Advisory Services Inc. bought a new stake in Sanmina in the 2nd quarter worth approximately $31,000. NewEdge Advisors LLC bought a new stake in Sanmina in the 2nd quarter worth approximately $32,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Sanmina during the 2nd quarter worth approximately $36,000. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Sanmina Trading Up 6.2%

Shares of SANM stock opened at $216.00 on Friday. Sanmina Corporation has a 1 year low of $110.44 and a 1 year high of $288.68. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.78 and a quick ratio of 1.06. The stock’s 50 day simple moving average is $200.80 and its two-hundred day simple moving average is $196.66. The company has a market cap of $11.58 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 0.71 and a beta of 1.60.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 19.08% and a net margin of 2.41%.The company’s revenue for the quarter was up 69.7% on a year-over-year basis. During the same period last year, the company earned $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 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings upgraded Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 3rd. Zacks Research upgraded shares of Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, JPMorgan Chase & Co. lowered their price objective 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 equities research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $198.33.

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.