Sanmina (NASDAQ:SANM) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen lowered shares of Sanmina (NASDAQ:SANM) from a strong-buy rating to a buy rating in a report published on Saturday morning,Wall Street Zen reports.

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

Sanmina Stock Up 3.2%

NASDAQ SANM opened at $229.04 on Friday. 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 stock’s 50 day moving average is $201.79 and its two-hundred day moving average is $204.33. The company has a market capitalization of $12.28 billion, a price-to-earnings ratio of 40.97, a PEG ratio of 0.65 and a beta of 1.60. Sanmina has a 1-year low of $113.71 and a 1-year high of $288.68.

Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.54. The business had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.Sanmina’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 EPS. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Equities analysts forecast that Sanmina will post 10.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sanmina

A number of institutional investors and hedge funds have recently bought and sold shares of the business. ANB Bank raised its position in Sanmina by 3.2% in the 1st quarter. ANB Bank now owns 1,645 shares of the electronics maker’s stock valued at $213,000 after buying an additional 51 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Sanmina by 5.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,048 shares of the electronics maker’s stock worth $136,000 after acquiring an additional 54 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Sanmina by 1.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker’s stock worth $562,000 after acquiring an additional 69 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of Sanmina by 3.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,274 shares of the electronics maker’s stock worth $295,000 after acquiring an additional 75 shares in the last quarter. Finally, Danske Bank A S bought a new stake in shares of Sanmina in the 2nd quarter worth $25,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

About Sanmina

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.