Sanmina (NASDAQ:SANM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sanmina (NASDAQ:SANM) from a buy rating to a strong-buy rating in a research note released on Sunday,Wall Street Zen reports.

Several other research firms have also recently weighed in on SANM. Zacks Research cut shares of Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. JPMorgan Chase & Co. reduced their price objective on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Finally, Weiss Ratings lowered shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 18th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $198.33.

Sanmina Trading Down 0.9%

SANM opened at $211.79 on Friday. 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 50 day simple moving average of $206.01 and a two-hundred day simple moving average of $209.25. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 0.60 and a beta of 1.60.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.54. Sanmina had a return on equity of 19.08% and a net margin of 2.41%. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same period last year, the company earned $1.53 EPS. The business’s quarterly revenue was up 69.7% compared to the same quarter last year. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. Analysts predict that Sanmina will post 10.73 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Krilogy Financial LLC bought a new position in shares of Sanmina in the third quarter worth about $239,000. NorthCrest Asset Manangement LLC purchased a new position in shares of Sanmina during the 3rd quarter valued at about $232,000. Monument Capital Management purchased a new position in shares of Sanmina during the 3rd quarter valued at about $3,923,000. GAMMA Investing LLC grew its stake in shares of Sanmina by 3.4% during the 3rd quarter. GAMMA Investing LLC now owns 3,447 shares of the electronics maker’s stock valued at $741,000 after acquiring an additional 114 shares during the period. Finally, Valeo Financial Advisors LLC grew its stake in shares of Sanmina by 9.4% during the 3rd quarter. Valeo Financial Advisors LLC now owns 968 shares of the electronics maker’s stock valued at $208,000 after acquiring an additional 83 shares during the period. Hedge funds and other 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.