Sanmina (NASDAQ:SANM) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Sanmina (NASDAQ:SANM) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

A number of other research analysts have also recently commented on SANM. Weiss Ratings upgraded Sanmina from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Argus lifted their price target on shares of Sanmina to $200.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday. JPMorgan Chase & Co. initiated coverage on shares of Sanmina in a research report on Monday, March 30th. They set a “neutral” rating and a $145.00 price target for the company. Finally, Susquehanna initiated coverage on shares of Sanmina in a research report on Wednesday, April 1st. They set a “neutral” rating and a $135.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Sanmina currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

Sanmina Trading Up 2.5%

SANM traded up $5.45 during trading hours on Thursday, reaching $223.27. The company’s stock had a trading volume of 810,012 shares, compared to its average volume of 883,531. Sanmina has a fifty-two week low of $77.35 and a fifty-two week high of $230.56. The stock has a market cap of $11.97 billion, a PE ratio of 47.20, a P/E/G ratio of 0.84 and a beta of 1.05. The business’s 50-day moving average is $147.92 and its 200-day moving average is $151.46. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.71 and a quick ratio of 1.04.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, April 27th. The electronics maker reported $3.16 EPS 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 firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the firm posted $1.16 earnings per share. The firm’s quarterly revenue 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, equities research analysts predict that Sanmina will post 9.36 earnings per share for the current fiscal year.

Insider Transactions at Sanmina

In other Sanmina news, EVP Alan Mcwilliams Reid sold 3,500 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $148.45, for a total transaction of $519,575.00. Following the transaction, the executive vice president directly owned 33,981 shares in the company, valued at $5,044,479.45. This represents a 9.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jonathan P. Faust sold 10,075 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $159.30, for a total value of $1,604,947.50. Following the transaction, the chief financial officer owned 87,076 shares in the company, valued at $13,871,206.80. This trade represents a 10.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 41,164 shares of company stock valued at $7,896,740 over the last three months. 3.10% of the stock is currently owned by company insiders.

Institutional Trading of Sanmina

Several hedge funds have recently modified their holdings of the stock. Invesco Ltd. raised its stake 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 acquiring an additional 481,588 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Sanmina by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 1,629,023 shares of the electronics maker’s stock valued at $244,500,000 after acquiring an additional 58,529 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of Sanmina by 3.7% in the third quarter. Allianz Asset Management GmbH now owns 776,604 shares of the electronics maker’s stock valued at $89,395,000 after acquiring an additional 27,384 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Sanmina by 57.5% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 762,365 shares of the electronics maker’s stock valued at $98,833,000 after acquiring an additional 278,465 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in shares of Sanmina by 17.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 732,369 shares of the electronics maker’s stock valued at $109,907,000 after acquiring an additional 108,202 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Sanmina News Summary

Here are the key news stories impacting Sanmina this week:

• Positive Sentiment: Zacks upgraded SANM to a Zacks Rank #1 (Strong Buy), signaling near?term optimism around the company’s earnings trajectory — a blunt catalyst for momentum buyers and funds that follow Zacks rankings. What Makes Sanmina (SANM) a New Strong Buy Stock
• Positive Sentiment: Zacks also added SANM to its list of new Strong Buy additions for May 1 — reinforcing the upgrade and increasing the chance of inflows from rank-driven investors. New Strong Buy Stocks for May 1st
• Positive Sentiment: Sidoti raised multiple near?term and FY EPS estimates (FY2026 and FY2027 raised, Q1–Q4 cadence nudged higher), implying analysts expect stronger earnings power going forward — supportive for valuation expansion. Sidoti estimate changes (MarketBeat summary)
• Positive Sentiment: A Yahoo Finance deep dive highlights demand from ZT systems integration and AI-related end markets as key drivers for SANM’s Q2 strength — a structural growth story that investors tend to reward. SANM Q2 Deep Dive: ZT Systems Integration and AI Demand Propel Sanmina’s Growth
• Positive Sentiment: Seeking Alpha notes Sanmina’s solid Q2 beat and argues the stock still looks reasonably valued versus FY26 estimates — narrative that can attract value and event?driven buyers. Sanmina: Solid Q2 Beat, Stock Remains A Bargain
• Neutral Sentiment: Zacks style-score pieces (growth/value/momentum) highlight that SANM scores well across styles — useful context for different investor types but less of an immediate price catalyst than upgrades or estimate changes. Here’s Why Sanmina (SANM) is a Strong Growth Stock Why Sanmina (SANM) is a Top Value Stock for the Long-Term

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.