Sanmina (NASDAQ:SANM) Cut to “Hold” at Zacks Research

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

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

Sanmina Price Performance

Shares of Sanmina stock opened at $253.08 on Monday. The business has a 50 day simple moving average of $237.55 and a two-hundred day simple moving average of $179.66. Sanmina has a 12 month low of $95.49 and a 12 month high of $288.68. The stock 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 debt-to-equity ratio of 0.77, a current ratio of 1.71 and a quick ratio of 1.03.

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

Insider Buying and Selling at Sanmina

In related news, Director Joseph G. Licata, Jr. sold 26,565 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $211.03, for a total transaction of $5,606,011.95. Following the completion of the sale, the director directly owned 27,809 shares of the company’s stock, valued at $5,868,533.27. This trade represents a 48.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Alan Mcwilliams Reid sold 1,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $218.17, for a total transaction of $218,170.00. Following the transaction, the executive vice president owned 31,481 shares of the company’s stock, valued at approximately $6,868,209.77. The trade was a 3.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 156,509 shares of company stock valued at $35,699,476. 3.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in shares of Sanmina by 74.6% during the 3rd quarter. Invesco Ltd. now owns 2,185,652 shares of the electronics maker’s stock worth $251,590,000 after buying an additional 933,974 shares in the last quarter. Norges Bank acquired a new stake in Sanmina in the fourth quarter valued at $101,751,000. Fisher Asset Management LLC lifted its holdings in Sanmina by 289.6% in the fourth quarter. Fisher Asset Management LLC now owns 650,173 shares of the electronics maker’s stock valued at $97,571,000 after acquiring an additional 483,312 shares during the period. Marshall Wace LLP boosted its position in shares of Sanmina by 520.3% during the 4th quarter. Marshall Wace LLP now owns 428,519 shares of the electronics maker’s stock worth $64,308,000 after purchasing an additional 359,441 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Sanmina during the 4th quarter worth $53,430,000. 92.71% of the stock is owned by hedge funds and other institutional investors.

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.