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

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

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

Sanmina Stock Performance

SANM opened at $253.08 on Monday. The business’s 50 day moving average is $237.55 and its 200-day moving average is $179.66. The stock has a market cap of $13.57 billion, a PE ratio of 53.51, a price-to-earnings-growth 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 twelve month low of $95.49 and a twelve month high of $288.68.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, April 27th. The electronics maker reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.74. The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.28 billion. Sanmina had a return on equity of 16.23% and a net margin of 2.29%.The business’s revenue was up 102.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 earnings per share. 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, analysts predict that Sanmina will post 9.36 earnings per share for the current year.

Insiders Place Their Bets

In other Sanmina news, CEO Jure Sola sold 118,368 shares of Sanmina stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $228.84, for a total value of $27,087,333.12. Following the transaction, the chief executive officer owned 1,227,573 shares in the company, valued at approximately $280,917,805.32. The trade was a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David V. Hedley III sold 500 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $219.52, for a total value of $109,760.00. Following the completion of the transaction, the director directly owned 7,376 shares in the company, valued at $1,619,179.52. This represents a 6.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 156,509 shares of company stock worth $35,699,476. Company insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Sanmina

Several large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Sanmina during the third quarter valued at $26,000. Employees Retirement System of Texas purchased a new position in Sanmina in the 4th quarter worth about $39,000. Northwestern Mutual Wealth Management Co. raised its holdings in Sanmina by 182.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 339 shares of the electronics maker’s stock worth $51,000 after buying an additional 219 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Sanmina by 235.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the electronics maker’s stock worth $55,000 after buying an additional 259 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in Sanmina during the fourth quarter valued at about $60,000. 92.71% of the stock is owned by institutional investors.

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.