Sanmina (NASDAQ:SANM) Stock Bumped Up to Strong-Buy by Wall Street Zen

Wall Street Zen upgraded shares of Sanmina (NASDAQ:SANM) from a buy rating to a strong-buy rating in a research report sent to investors on Sunday,Wall Street Zen reports.

Several other equities research analysts also recently weighed in on the company. Weiss Ratings downgraded Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 18th. JPMorgan Chase & Co. cut their price objective on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Finally, Zacks Research downgraded shares of Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $198.33.

Sanmina Price Performance

Shares of SANM stock opened at $217.49 on Friday. Sanmina has a twelve month low of $118.10 and a twelve month high of $288.68. 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 stock has a fifty day simple moving average of $205.51 and a two-hundred day simple moving average of $208.18. The stock has a market capitalization of $11.66 billion, a price-to-earnings ratio of 38.91, a P/E/G ratio of 0.61 and a beta of 1.60.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 EPS for the quarter, beating the consensus estimate of $2.77 by $0.54. The firm had revenue of $3.46 billion for 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 business’s revenue for the quarter was up 69.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.53 earnings per share. 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, analysts predict that Sanmina will post 10.73 EPS for the current fiscal year.

Institutional Trading of Sanmina

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Sanmina in the 2nd quarter valued at $1,390,702,000. Bank of America Corp DE acquired a new stake in Sanmina in the second quarter valued at approximately $189,012,000. Alyeska Investment Group L.P. grew its holdings in Sanmina by 365.4% in the second quarter. Alyeska Investment Group L.P. now owns 504,067 shares of the electronics maker’s stock valued at $127,569,000 after purchasing an additional 395,764 shares during the period. Bank of New York Mellon Corp acquired a new stake in Sanmina in the second quarter valued at approximately $87,522,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Sanmina in the second quarter valued at approximately $71,410,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Company Profile

Sanmina Corporation is an integrated manufacturing solutions provider serving original equipment manufacturers in industries including communications, cloud infrastructure, industrial, medical, defense and aerospace, automotive, and consumer products. The company supports customers across the product life cycle, from design and engineering through manufacturing, testing, supply chain management, logistics, repair, and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, enclosure and mechanical manufacturing, optical and semiconductor-related technologies, and the production of complete electronic and electromechanical systems.