Sanmina (NASDAQ:SANM) Stock Price Target Cut by JPMorgan Chase & Co.

Sanmina (NASDAQ:SANM) had its price objective dropped by equities researchers at JPMorgan Chase & Co. from $270.00 to $230.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the electronics maker’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 50.20% from the stock’s current price.

A number of other brokerages have also recently issued reports on SANM. Weiss Ratings cut Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 18th. Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Sunday, October 11th. Finally, Zacks Research lowered 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $188.33.

Sanmina Stock Performance

SANM stock traded up $3.49 during midday trading on Tuesday, reaching $153.13. 2,442,054 shares of the company’s stock traded hands, compared to its average volume of 882,367. The company has a 50-day moving average price of $192.37 and a two-hundred day moving average price of $190.56. 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 52 week low of $118.10 and a 52 week high of $288.68. The firm has a market capitalization of $8.21 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 0.40 and a beta of 1.72.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, November 9th. The electronics maker reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $1.16. Sanmina had a return on equity of 19.08% and a net margin of 2.41%. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter in the prior year, the business posted $1.67 earnings per share. The business’s quarterly revenue was up 84.0% on a year-over-year basis. Sanmina has set its Q1 2027 guidance at 3.500-3.850 EPS and its FY 2027 guidance at 15.500-17.500 EPS. As a group, equities analysts anticipate that Sanmina will post 10.74 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SANM. BlackRock Inc. purchased a new stake in Sanmina during the second quarter valued at about $1,390,702,000. Bank of America Corp DE bought a new stake in Sanmina during the second quarter worth about $189,012,000. Alyeska Investment Group L.P. boosted its holdings in shares of Sanmina by 365.4% in the 2nd quarter. Alyeska Investment Group L.P. now owns 504,067 shares of the electronics maker’s stock worth $127,569,000 after purchasing an additional 395,764 shares in the last quarter. Hennessy Advisors Inc. increased its position in shares of Sanmina by 13.9% during the 2nd quarter. Hennessy Advisors Inc. now owns 347,400 shares of the electronics maker’s stock valued at $87,920,000 after purchasing an additional 42,500 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Sanmina during the 2nd quarter valued at about $87,522,000. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Sanmina News Roundup

Here are the key news stories impacting Sanmina this week:

• Positive Sentiment: For fiscal Q4 2026, Sanmina reported non-GAAP EPS of $4.43 versus $3.27 expected and revenue of $3.86 billion versus $3.48 billion expected. Revenue increased 84% year over year. SANM Q4 Earnings Beat Estimates on AI Growth, Strong Execution
• Positive Sentiment: Management forecast fiscal 2027 revenue of $17.5 billion–$19.5 billion and EPS of $15.50–$17.50, both above consensus. First-quarter EPS guidance of $3.50–$3.85 also exceeded analyst expectations. Sanmina outlines FY 2027 revenue as cloud and AI systems grow
• Positive Sentiment: AI and cloud systems demand is a key growth driver: one report cited 179% growth in those sales, while Sanmina’s core business also grew 19%. The company expects $7.5 billion–$9 billion in fiscal 2027 cloud and AI systems revenue. Sanmina stock jumps as core business backs AI earnings beat
• Neutral Sentiment: Potential restraint: Blockonomi reported that JPMorgan lowered its price target to $230, though the target remained above the share price cited in the background information. Sanmina stock jumps as core business backs AI earnings beat

Sanmina Company Profile

Sanmina Corporation is a provider of integrated manufacturing solutions for companies that develop complex electronic, optical, and electromechanical products. Its services span product design and engineering, supply-chain management, manufacturing, and logistics, as well as repair and other aftermarket support. The company serves customers in markets that include communications networks, cloud and data-center infrastructure, medical and life sciences, automotive, industrial equipment, and aerospace and defense.