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 report sent to investors on Saturday morning,Wall Street Zen reports.

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

Sanmina Price Performance

Shares of NASDAQ SANM opened at $225.08 on Friday. The firm has a 50-day simple moving average of $202.11 and a 200-day simple moving average of $205.60. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $12.06 billion, a price-to-earnings ratio of 40.26, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60. Sanmina has a 52 week low of $118.10 and a 52 week high of $288.68.

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, topping analysts’ consensus estimates 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%. Sanmina’s quarterly revenue was up 69.7% on a year-over-year basis. During the same period in the previous year, the business 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, equities analysts predict that Sanmina will post 10.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sanmina

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CX Institutional grew its holdings in shares of Sanmina by 10.3% during the 3rd quarter. CX Institutional now owns 1,645 shares of the electronics maker’s stock worth $354,000 after purchasing an additional 153 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of Sanmina during the 2nd quarter worth about $251,000. MCF Advisors LLC raised its holdings in Sanmina by 2,333.3% in the 2nd quarter. MCF Advisors LLC now owns 146 shares of the electronics maker’s stock valued at $37,000 after buying an additional 140 shares during the period. WINTON GROUP Ltd purchased a new stake in Sanmina in the 2nd quarter valued at about $278,000. Finally, Engineers Gate Manager LP lifted its position in Sanmina by 45.2% in the second quarter. Engineers Gate Manager LP now owns 17,398 shares of the electronics maker’s stock valued at $4,403,000 after buying an additional 5,416 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 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.