Sanmina (NASDAQ:SANM) Upgraded at 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 released on Saturday morning.

Several other research analysts have also weighed in on SANM. JPMorgan Chase & Co. lowered their price objective on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. Zacks Research cut Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Weiss Ratings raised Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 15th. One investment 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $198.33.

Sanmina Price Performance

NASDAQ:SANM opened at $193.23 on Friday. Sanmina has a 1-year low of $108.36 and a 1-year 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 firm has a fifty day simple moving average of $230.48 and a 200 day simple moving average of $188.19. The stock has a market capitalization of $10.36 billion, a PE ratio of 34.57, a P/E/G ratio of 0.65 and a beta of 1.59.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, topping 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 net margin of 2.41% and a return on equity of 19.08%. The company’s quarterly revenue was up 69.7% compared to the same quarter last year. During the same period in the prior 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, research analysts expect that Sanmina will post 10.41 EPS for the current fiscal year.

Insider Buying and Selling at Sanmina

In related news, CFO Jonathan P. Faust sold 10,076 shares of Sanmina stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the completion of the sale, the chief financial officer owned 77,000 shares of the company’s stock, valued at approximately $20,466,600. The trade was a 11.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jure Sola sold 118,368 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $228.84, for a total transaction of $27,087,333.12. Following the completion of the transaction, the chief executive officer owned 1,227,573 shares in the company, valued at approximately $280,917,805.32. This trade represents a 8.79% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Sanmina

Several hedge funds have recently bought and sold shares of the stock. Invesco Ltd. grew its position in shares of Sanmina by 22.0% in the fourth quarter. Invesco Ltd. now owns 2,667,240 shares of the electronics maker’s stock valued at $400,273,000 after purchasing an additional 481,588 shares during the last quarter. Geode Capital Management LLC grew its holdings in Sanmina by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker’s stock valued at $244,500,000 after buying an additional 58,529 shares in the last quarter. Bank of America Corp DE grew its holdings in Sanmina by 14.6% in the 1st quarter. Bank of America Corp DE now owns 945,382 shares of the electronics maker’s stock valued at $122,559,000 after buying an additional 120,164 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Sanmina by 57.5% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 762,365 shares of the electronics maker’s stock worth $98,833,000 after buying an additional 278,465 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Sanmina by 17.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 732,369 shares of the electronics maker’s stock worth $109,907,000 after buying an additional 108,202 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina Company Profile

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.