Wall Street Zen Upgrades Sanmina (NASDAQ:SANM) to Strong-Buy

Sanmina (NASDAQ:SANM) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

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

Sanmina Price Performance

Sanmina stock opened at $213.74 on Friday. The firm has a market capitalization of $11.46 billion, a P/E ratio of 38.24, a PEG ratio of 0.61 and a beta of 1.60. Sanmina has a one year low of $118.10 and a one year high of $288.68. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.78 and a quick ratio of 1.06. The business has a fifty day moving average price of $205.92 and a 200-day moving average price of $208.73.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data 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. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%. The firm’s revenue for the quarter was up 69.7% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, equities research analysts forecast that Sanmina will post 10.73 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SANM. 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 worth $213,000 after purchasing an additional 51 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Sanmina by 5.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,048 shares of the electronics maker’s stock worth $136,000 after purchasing an additional 54 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Sanmina by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the electronics maker’s stock worth $562,000 after purchasing an additional 69 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in Sanmina by 3.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,274 shares of the electronics maker’s stock valued at $295,000 after buying an additional 75 shares during the period. Finally, Valeo Financial Advisors LLC boosted its position in Sanmina by 9.4% during the third quarter. Valeo Financial Advisors LLC now owns 968 shares of the electronics maker’s stock valued at $208,000 after buying an additional 83 shares during the period. Institutional investors 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.