Sanmina Corporation (NASDAQ:SANM) Receives $198.33 Average PT from Analysts

Sanmina Corporation (NASDAQ:SANM) has been given an average recommendation of “Moderate Buy” by the five research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $198.3333.

SANM has been the subject of a number of research analyst reports. Weiss Ratings cut shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 18th. Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Finally, JPMorgan Chase & Co. lowered their price target on Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th.

Institutional Trading of Sanmina

Several large investors have recently bought and sold shares of the company. HighTower Advisors LLC increased its position in shares of Sanmina by 41.8% in the second quarter. HighTower Advisors LLC now owns 6,925 shares of the electronics maker’s stock valued at $1,753,000 after buying an additional 2,042 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Sanmina in the 2nd quarter worth about $2,999,000. California State Teachers Retirement System boosted its position in shares of Sanmina by 23,789.9% in the 2nd quarter. California State Teachers Retirement System now owns 15,229,089 shares of the electronics maker’s stock worth $3,854,178,000 after buying an additional 15,165,342 shares in the last quarter. Greenland Capital Management LP acquired a new stake in Sanmina in the 2nd quarter valued at about $601,000. Finally, Ameritas Advisory Services LLC acquired a new stake in Sanmina in the 2nd quarter valued at about $1,112,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Price Performance

Shares of NASDAQ SANM opened at $187.67 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.06 and a current ratio of 1.78. Sanmina has a one year low of $110.44 and a one year high of $288.68. The firm has a market capitalization of $10.06 billion, a P/E ratio of 33.57, a PEG ratio of 0.66 and a beta of 1.60. The company’s fifty day moving average is $205.72 and its two-hundred day moving average is $194.24.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.54. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter last year, the firm posted $1.53 EPS. The business’s revenue was up 69.7% compared to the same quarter last year. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Analysts forecast that Sanmina will post 10.41 EPS for the current fiscal year.

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.