Sanmina (NASDAQ:SANM) Raised to “Strong-Buy” at Zacks Research

Sanmina (NASDAQ:SANM) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other research analysts also recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Sanmina in a research report on Wednesday, October 8th. Bank of America upped their target price on Sanmina from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, July 11th. Finally, Wall Street Zen upgraded Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $120.00.

Sanmina Stock Down 1.3%

NASDAQ SANM traded down $2.20 on Thursday, hitting $170.31. The stock had a trading volume of 767,550 shares, compared to its average volume of 584,202. The business’s fifty day moving average price is $127.76 and its 200 day moving average price is $107.53. Sanmina has a 52-week low of $63.67 and a 52-week high of $178.39. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of 36.47, a price-to-earnings-growth ratio of 1.43 and a beta of 1.17. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.21.

Sanmina (NASDAQ:SANM) last released its earnings results on Monday, November 3rd. The electronics maker reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. Sanmina had a net margin of 3.22% and a return on equity of 11.30%. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period last year, the business earned $1.43 EPS. Sanmina’s revenue for the quarter was up 3.9% on a year-over-year basis. Sanmina has set its Q1 2026 guidance at 1.950-2.250 EPS. Equities research analysts anticipate that Sanmina will post 5.15 earnings per share for the current year.

Institutional Trading of Sanmina

Several institutional investors have recently modified their holdings of SANM. Nuveen LLC purchased a new stake in Sanmina during the 1st quarter valued at about $50,510,000. Norges Bank purchased a new position in Sanmina in the 2nd quarter worth approximately $63,671,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Sanmina during the 3rd quarter worth approximately $61,946,000. Invesco Ltd. boosted its holdings in shares of Sanmina by 42.4% during the 2nd quarter. Invesco Ltd. now owns 1,251,678 shares of the electronics maker’s stock worth $122,452,000 after purchasing an additional 372,829 shares during the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Sanmina in the third quarter valued at approximately $40,933,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Sanmina Company Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.