Sanmina (NASDAQ:SANM) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Sanmina (NASDAQ:SANM) had its price target decreased by JPMorgan Chase & Co. from $270.00 to $230.00 in a research report released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the electronics maker’s stock.

Several other brokerages have also recently issued reports on SANM. Wall Street Zen upgraded shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 11th. Weiss Ratings cut shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 18th. Finally, Zacks Research downgraded shares of Sanmina from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Sanmina has a consensus rating of “Hold” and an average price target of $188.33.

Sanmina Price Performance

Shares of SANM stock opened at $164.48 on Tuesday. Sanmina has a twelve month low of $118.10 and a twelve month high of $288.68. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 0.75 and a beta of 1.72. The stock has a fifty day simple moving average of $190.52 and a two-hundred day simple moving average of $190.25. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 0.69.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, November 9th. The electronics maker reported $4.43 EPS for the quarter, beating the consensus estimate of $3.27 by $1.16. The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.48 billion. Sanmina had a return on equity of 23.74% and a net margin of 2.60%. The business’s revenue for the quarter was up 84.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 earnings per share. Sanmina has set its Q1 2027 guidance at 3.500-3.850 EPS and its FY 2027 guidance at 15.500-17.500 EPS. On average, analysts predict that Sanmina will post 13.20 EPS for the current fiscal year.

Institutional Investors Weigh In On Sanmina

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Sanmina during the 2nd quarter worth about $1,390,702,000. Boston Partners increased its holdings in shares of Sanmina by 1,221.7% in the third quarter. Boston Partners now owns 949,939 shares of the electronics maker’s stock valued at $204,178,000 after purchasing an additional 878,067 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Sanmina by 14.6% during the 1st quarter. Bank of America Corp DE now owns 945,382 shares of the electronics maker’s stock valued at $122,559,000 after acquiring an additional 120,164 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in Sanmina by 365.4% in the 2nd quarter. Alyeska Investment Group L.P. now owns 504,067 shares of the electronics maker’s stock valued at $127,569,000 after purchasing an additional 395,764 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its position in Sanmina by 13.9% in the second quarter. Hennessy Advisors Inc. now owns 347,400 shares of the electronics maker’s stock worth $87,920,000 after acquiring an additional 42,500 shares during the period. 92.71% of the stock is currently owned by institutional investors and hedge funds.

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.