Sanmina Corporation (NASDAQ:SANM) Stock Has Consensus Price Target of $198.33 According to Brokerages

Shares of Sanmina Corporation (NASDAQ:SANM) have been assigned a consensus rating of “Hold” from the five brokerages that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $198.33.

Several equities analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 18th. Zacks Research lowered Sanmina from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. JPMorgan Chase & Co. dropped their target price on Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Finally, Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 11th.

Sanmina Stock Performance

Shares of NASDAQ:SANM opened at $154.47 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.78 and a quick ratio of 1.06. Sanmina has a 1 year low of $118.10 and a 1 year high of $288.68. The firm has a market capitalization of $8.28 billion, a PE ratio of 18.85, a P/E/G ratio of 0.48 and a beta of 1.60. The business’s 50 day moving average price is $202.14 and its 200-day moving average price is $211.54.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share 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 analysts’ expectations of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The business’s revenue for the quarter was up 69.7% on a year-over-year basis. During the same quarter in the prior year, the company 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. As a group, equities research analysts expect that Sanmina will post 10.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sanmina

A number of hedge funds have recently made changes to their positions in the business. ANB Bank boosted its position in shares of Sanmina by 3.2% during the first quarter. ANB Bank now owns 1,645 shares of the electronics maker’s stock worth $213,000 after purchasing an additional 51 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Sanmina by 5.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,048 shares of the electronics maker’s stock valued at $136,000 after purchasing an additional 54 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Sanmina by 1.6% during the first quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker’s stock worth $562,000 after purchasing an additional 69 shares during the period. Fifth Third Wealth Advisors LLC increased its holdings in shares of Sanmina by 3.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,274 shares of the electronics maker’s stock valued at $295,000 after purchasing an additional 75 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in shares of Sanmina by 9.4% in the third quarter. Valeo Financial Advisors LLC now owns 968 shares of the electronics maker’s stock valued at $208,000 after purchasing an additional 83 shares during the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Company Profile

Sanmina Corporation is an electronics manufacturing services and integrated manufacturing solutions provider headquartered in San Jose, California. The company works with original equipment manufacturers to design, engineer, manufacture, assemble, test, and distribute complex electronic and mechanical products.

Its capabilities include printed circuit board assembly, backplanes, cable and wire harnesses, enclosures, precision machining, optical and radio-frequency components, and complete systems integration.