Sanmina (NASDAQ:SANM) Stock Rating Lowered by Zacks Research

Sanmina (NASDAQ:SANM) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Susquehanna initiated coverage on Sanmina in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 target price on the stock. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. JPMorgan Chase & Co. assumed coverage on shares of Sanmina in a research note on Monday, March 30th. They issued a “neutral” rating and a $145.00 price objective on the stock. Finally, Weiss Ratings raised shares of Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $150.00.

Sanmina Trading Up 5.3%

NASDAQ:SANM opened at $253.08 on Monday. The company has a market capitalization of $13.57 billion, a P/E ratio of 53.51, a PEG ratio of 0.92 and a beta of 1.54. The company has a current ratio of 1.71, a quick ratio of 1.03 and a debt-to-equity ratio of 0.77. Sanmina has a 12 month low of $95.49 and a 12 month high of $288.68. The firm has a fifty day simple moving average of $237.55 and a 200-day simple moving average of $179.66.

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

Insider Transactions at Sanmina

In related news, EVP Alan Mcwilliams Reid sold 1,000 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $218.17, for a total transaction of $218,170.00. Following the sale, the executive vice president directly owned 31,481 shares of the company’s stock, valued at approximately $6,868,209.77. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joseph G. Licata, Jr. sold 26,565 shares of the firm’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $211.03, for a total transaction of $5,606,011.95. Following the sale, the director owned 27,809 shares in the company, 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. Over the last 90 days, insiders sold 156,509 shares of company stock worth $35,699,476. Insiders own 3.10% of the company’s stock.

Institutional Trading of Sanmina

Institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Sanmina in the third quarter valued at approximately $26,000. Employees Retirement System of Texas purchased a new stake in Sanmina in the 4th quarter worth $39,000. Northwestern Mutual Wealth Management Co. increased its holdings in Sanmina by 182.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock worth $51,000 after acquiring an additional 219 shares in the last quarter. Steward Partners Investment Advisory LLC raised 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 worth $55,000 after acquiring an additional 259 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in Sanmina during the fourth quarter worth $60,000. 92.71% of the stock is owned by institutional investors and hedge funds.

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.