Sanmina Corporation (NASDAQ:SANM) Stock Has Consensus Target Price of $198.33 According to Analysts

Sanmina Corporation (NASDAQ:SANM) has received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $198.33.

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Zacks Research raised Sanmina from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings lowered Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 18th.

Sanmina Price Performance

Shares of SANM stock opened at $224.77 on Monday. Sanmina has a fifty-two week low of $111.52 and a fifty-two week high of $288.68. The firm has a market capitalization of $12.05 billion, a price-to-earnings ratio of 40.21, a PEG ratio of 0.76 and a beta of 1.60. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.06 and a current ratio of 1.78. The stock’s 50-day simple moving average is $200.93 and its 200-day simple moving average is $200.96.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.54. The firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The company’s revenue for the quarter was up 69.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.53 earnings per share. 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 analysts forecast that Sanmina will post 10.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

About Sanmina

Sanmina Corporation (NASDAQ: SANM) is a global provider of integrated manufacturing, engineering and supply chain services for original equipment manufacturers. The company designs, builds and supports complex electronic and mechanical products, helping customers manage product development, production, logistics and aftermarket services.

Its capabilities include printed circuit board assembly, systems integration, electromechanical manufacturing, precision machining, enclosures, optical and radio-frequency components, testing, repair and product fulfillment.