Wall Street Zen Downgrades Sanmina (NASDAQ:SANM) to Buy

Sanmina (NASDAQ:SANM) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

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

Sanmina Price Performance

NASDAQ:SANM opened at $229.04 on Friday. The business’s 50-day simple moving average is $201.79 and its two-hundred day simple moving average is $204.89. Sanmina has a 52 week low of $113.71 and a 52 week high of $288.68. The stock has a market cap of $12.28 billion, a PE ratio of 40.97, a P/E/G ratio of 0.65 and a beta of 1.60. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.71.

Sanmina (NASDAQ:SANM) last released 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. The firm had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a return on equity of 19.08% and a net margin of 2.41%.The business’s quarterly revenue 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, analysts forecast that Sanmina will post 10.73 EPS for the current fiscal year.

Institutional Trading of Sanmina

Institutional investors have recently added to or reduced their stakes in the company. CX Institutional boosted its position in shares of Sanmina by 10.3% during the third quarter. CX Institutional now owns 1,645 shares of the electronics maker’s stock valued at $354,000 after buying an additional 153 shares during the period. QRG Capital Management Inc. bought a new position in shares of Sanmina during the second quarter valued at approximately $251,000. MCF Advisors LLC raised its holdings in shares of Sanmina by 2,333.3% in the second quarter. MCF Advisors LLC now owns 146 shares of the electronics maker’s stock worth $37,000 after buying an additional 140 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Sanmina in the second quarter worth approximately $278,000. Finally, Engineers Gate Manager LP lifted its stake in shares of Sanmina by 45.2% during the 2nd quarter. Engineers Gate Manager LP now owns 17,398 shares of the electronics maker’s stock worth $4,403,000 after acquiring an additional 5,416 shares during the last quarter. Institutional investors own 92.71% of the company’s stock.

Sanmina Company Profile

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.