Sanmina (NASDAQ:SANM) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Sanmina (NASDAQ:SANM) from a strong-buy rating to a buy rating in a research note published on Saturday.

Other analysts have also issued research reports about the stock. Zacks Research lowered shares of Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings upgraded shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. initiated coverage on shares of Sanmina in a report on Monday, March 30th. They issued a “neutral” rating and a $145.00 price target on the stock. Finally, Susquehanna initiated coverage on Sanmina in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $160.00.

Sanmina Stock Up 2.3%

Shares of NASDAQ SANM opened at $201.87 on Friday. Sanmina has a 52 week low of $95.49 and a 52 week high of $288.68. The business has a 50-day simple moving average of $238.25 and a two-hundred day simple moving average of $185.24. The company has a quick ratio of 1.03, a current ratio of 1.71 and a debt-to-equity ratio of 0.77. The company has a market cap of $10.82 billion, a P/E ratio of 42.68, a P/E/G ratio of 0.76 and a beta of 1.56.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, April 27th. The electronics maker reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.74. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the business posted $1.16 earnings per share. The company’s revenue was up 102.3% on a year-over-year basis. Sanmina has set its Q3 2026 guidance at 2.550-2.850 EPS and its FY 2026 guidance at 10.750-11.350 EPS. Research analysts anticipate that Sanmina will post 9.36 earnings per share for the current fiscal year.

Insider Activity at Sanmina

In related news, EVP Alan Mcwilliams Reid sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $218.17, for a total value of $218,170.00. Following the completion of the sale, the executive vice president owned 31,481 shares in the company, valued at $6,868,209.77. The trade was a 3.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joseph G. Licata, Jr. sold 26,565 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $211.03, for a total value of $5,606,011.95. Following the completion of the sale, the director directly owned 27,809 shares of the company’s stock, valued at approximately $5,868,533.27. This represents a 48.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 156,509 shares of company stock worth $35,699,476 in the last quarter. 3.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sanmina

A number of hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new position in shares of Sanmina during the 3rd quarter valued at $26,000. Employees Retirement System of Texas bought a new stake in Sanmina in the fourth quarter worth $39,000. Northwestern Mutual Wealth Management Co. boosted its position in Sanmina by 182.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock valued at $51,000 after buying an additional 219 shares during the period. Steward Partners Investment Advisory LLC boosted its position in Sanmina by 235.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock valued at $55,000 after buying an additional 259 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in shares of Sanmina during the fourth quarter valued at about $60,000. 92.71% of the stock is currently owned by institutional investors.

About Sanmina

Sanmina Corporation is a leading global electronics manufacturing services (EMS) provider specializing in the design, production and end-to-end supply chain solutions for complex electronic products. Founded in 1980, the company has built a reputation for delivering high-reliability manufacturing across a wide range of industries, including communications, computing, aerospace and defense, medical, automotive and industrial sectors.

Sanmina’s core offerings encompass product design and engineering support, precision PCB fabrication and assembly, system integration, testing, and final system deployment.